Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Jeffrey P. McNulty, founder, and CEO of New Retail Ethos, located in Wrightstown, WI, USA.
What's your business, and who are your customers?
New Retail Ethos is a global retail, business, and management consultancy firm that assists retail organizations and businesses (regardless of size, scope, or niche) with alleviating and addressing common "Pain Points" through all facets of retail consulting, anticipatory intelligence, instructional programs, and pragmatic delivery of retail/business concepts while working with you to fulfill your aspirations.
New Retail Ethos Bespoke Services include:
- Revenue Generation
- Operational Efficiency
- Market Share
- Employee/Customer Engagement
- Customer Service
- Merchandising
- Net Income
- Talent Acquisition
- Talent Retention
- Brand Recognition
- Organizational Culture
- Leadership Training
- Employee Morale
- Differentiation
- Innovation
- Store Environment
- Profitability
- Online Education
- Retail/Business Courses
New Retail Ethos advises, coaches, and mentors Human Resource Professionals, Retail employees/Leaders (from an entry-level employee up to the C-Suite executive), Founders & CEOs, Business Owners, Entrepreneurs, College Students, High School Students, Retail Interns, or Retail Change Advocates.
The Ultimate Retail Course/Manual is the BEDROCK OF OUR MISSION to assist retail and business leaders in achieving their aspirations expeditiously. We provide a comprehensive and proprietary system encompassing all ten pillars contained within the course/manual. We provide this assessment for every client, retailer, or business we consult with.
Our retail, business, and management consulting services are available for retail workshops, virtual learning/meetings, private venues, seminars, classroom instruction, one-on-one tutorials, advisory services, on-site evaluations, phone consultations, virtual meetings, and public speaking engagements.
Tell us about yourself
I am a Founder, CEO, Retail Turnaround Expert, Retail Educator & Trainer, Leadership Coach, Innovator, Online Course Creator, Speaker, and Best-Selling Author of "The Ultimate Retail Manual." and Retail Expert. I am considered a "hybrid" in the business world as I have 30 years of hands-on industry experience as an executive leader for Home Depot, Lowes, Barnes & Noble, PetSmart, Shopko, Toys R Us, Publix, and Festival Foods, as well as over 17 years experience as a Retail Research Analyst. I have conducted over 1000 consultations and engagements with clients on Wall Street, Hedge Fund Managers, Equity Investment Partners, retailers (niche players to Big Box), business owners, and entrepreneurs in the retail sector throughout my career. I am passionate about sharing my massive retail experience, knowledge, and wisdom with others. New Retail Ethos provides actionable strategies that were achieved through "Empirical Results" versus "Theoretical Ideas."
There comes a moment in your life when you intuitively sense a higher calling that you are guided to embrace. The universe kept revealing to me that I was meant to start a new venture that would provide additional growth opportunities. This epiphany led to the founding of my company, New Retail Ethos. I feel inspired to share the Best-Practices I have gleaned throughout my 30 years of Executive Leadership and 17 years as a Retail Research Analyst with people around the world. I felt compelled to publish my Best-Selling book "𝐓𝐇𝐄 𝐔𝐋𝐓𝐈𝐌𝐀𝐓𝐄 𝐑𝐄𝐓𝐀𝐈𝐋 𝐌𝐀𝐍𝐔𝐀𝐋: 𝐒𝐓𝐑𝐀𝐓𝐄𝐆𝐈𝐄𝐒 𝐅𝐎𝐑 𝐑𝐄𝐓𝐀𝐈𝐋𝐄𝐑𝐒 𝐓𝐎 𝐓𝐇𝐑𝐈𝐕𝐄 & 𝐒𝐔𝐂𝐂𝐄𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 𝐃𝐈𝐆𝐈𝐓𝐀𝐋 𝐖𝐎𝐑𝐋𝐃 which is resonating with readers in 23 countries worldwide. In addition, I recently published my Top-Selling Online Course, "𝐓𝐇𝐄 𝐔𝐋𝐓𝐈𝐌𝐀𝐓𝐄 𝐑𝐄𝐓𝐀𝐈𝐋 𝐂𝐎𝐔𝐑𝐒𝐄: 𝐁𝐄𝐂𝐎𝐌𝐄 𝐀 𝐑𝐄𝐓𝐀𝐈𝐋 𝐑𝐎𝐂𝐊𝐒𝐓𝐀𝐑!" to share my 10-Pillar retail/business strategies which are assisting retailers and businesses with achieving their aspirations.
What's your biggest accomplishment as a business owner?
My biggest accomplishment as a business owner is sharing my book "𝐓𝐇𝐄 𝐔𝐋𝐓𝐈𝐌𝐀𝐓𝐄 𝐑𝐄𝐓𝐀𝐈𝐋 𝐌𝐀𝐍𝐔𝐀𝐋: 𝐒𝐓𝐑𝐀𝐓𝐄𝐆𝐈𝐄𝐒 𝐅𝐎𝐑 𝐑𝐄𝐓𝐀𝐈𝐋𝐄𝐑𝐒 𝐓𝐎 𝐓𝐇𝐑𝐈𝐕𝐄 & 𝐒𝐔𝐂𝐂𝐄𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 𝐃𝐈𝐆𝐈𝐓𝐀𝐋 𝐖𝐎𝐑𝐋𝐃" and my online course "𝐓𝐇𝐄 𝐔𝐋𝐓𝐈𝐌𝐀𝐓𝐄 𝐑𝐄𝐓𝐀𝐈𝐋 𝐂𝐎𝐔𝐑𝐒𝐄: 𝐁𝐄𝐂𝐎𝐌𝐄 𝐀 𝐑𝐄𝐓𝐀𝐈𝐋 𝐑𝐎𝐂𝐊𝐒𝐓𝐀𝐑!" with clients around the world. It brings joy and happiness to my heart to assist Human Resource Professionals, Retail employees/Leaders, Founders & CEOs, Business Owners, Entrepreneurs, College Students, High School Students, Retail Interns, & Retail Change Advocates in achieving their aspirations expeditiously. My Book & Online Course is a pure 𝐏𝐥𝐮𝐠-𝐀𝐧𝐝-𝐏𝐥𝐚𝐲 retail/business proprietary system that is portable and successful when implemented and executed consistently. Each client/business receives a lifetime of experience, knowledge, and wisdom achieved through "Empirical Results" versus "Theoretical Ideas."
What's one of the hardest things that comes with being a business owner?
As the Founder & CEO, I set the tone for the entire company. "A fish stinks from the head down" is a mantra that I always keep in the front of my mind. When I lead with exemplary character, sterling integrity, honesty, and transparency, I am consciously creating the culture of our company which provides a blueprint for the employees and leaders to easily follow. I have found that even during tumultuous periods, there are incredible opportunities for growth. I choose to perceive things through the periscope of opportunities to excel, succeed, learn, and ascend. As a servant leader, communication, empathy, kindness, engagement, and connectedness are the five anchors which encompass my leadership style. I genuinely care about the people who work with me, and I will always treat them like family.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Ask yourself IF you genuinely care about people. This one answer will determine and dictate your trajectory and happiness. Not everyone can be a true Servant Leader that truly desires to help people grow, ascend, and achieve their aspirations. As a Founder & CEO, I am responsible for every employee and their ability to provide for themselves and their family. I feel privileged and honored to be a leader, and I treat my authority with respect and reverence.
- What is your intention for starting a business? If your ONLY intention is to make more money, you will be extremely disappointed in the long term. I would emphatically suggest that each person FOCUS on providing a service or product that will enhance people's lives. When your intention is to help others, you are creating positive energy that will buoy you along on your entrepreneurial journey. Ensure that your intentions, thoughts, words, and actions are perfectly aligned and congruent with making the world a better place. From this place of altruism, you are establishing a strong foundation built upon passion, empathy, and kindness. I created an acronym to keep me centered and grounded called S.A.G.E.
➡SINCERE
➡AUTHENTIC
➡GENUINE
➡ENGAGED - I created an acronym called G.A.P. which has had tremendous success with tapping into 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬' 𝐈𝐧𝐭𝐫𝐢𝐧𝐬𝐢𝐜 𝐌𝐨𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 and will massively increase retention, employee satisfaction, and productivity.
🏆𝐆𝐑𝐎𝐖𝐓𝐇-
*Succession Planning
*Daily Check-Ins with Employees & Leaders
*Provide Challenging Work
*Competitive Wages & Benefits
🏆𝐀𝐔𝐓𝐎𝐍𝐎𝐌𝐘-
*Flexible Scheduling Options
*Empowerment
*Trust & Respect
*Inclusion & Support
🏆𝐏𝐔𝐑𝐏𝐎𝐒𝐄-
*Foster Intrapreneurship
*Tap Into Employee/Leader Intrinsic Motivation
*Community Involvement
*Volunteering
Where can people find you and your business?
Website: https://newretailethos.com/
Facebook: https://www.facebook.com/TheUltimateRetailManual
Instagram: https://www.instagram.com/jeffreypmcnulty/
LinkedIn: https://www.linkedin.com/in/jeffreypmcnulty/
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
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