In 2008, Steve Adsit bought the Mister Money store in Greeley, CO, where he’d been working as the manager. The store, in business now for 23 years, employs 14 people, including Steve. Even though he is the owner with a manager and assistants to do the bulk of the day-to-day operations, Steve still loves working the pawn counter.
National Pawnbroker (NP): How did you get into the pawn industry?
Steve Adsit (SA): It was a random chance. At age 21, I was looking for a new line of work and answered a newspaper ad for a pawnbroker. They interviewed and hired me right then – my first time in a pawn shop! After a couple of years, I became manager and eventually purchased the business. I love the variety of people you get to interact with, the huge amount of information you need to learn and know, and especially that everything is always changing – never stagnant or boring.
NP: What’s the toughest challenge you face as a pawnbroker?
SA: Loss of wealth. People are choosing to spend money on things that have no tangible value. If nothing holds value, we have nothing to loan on. It’s a struggle to adapt and find things to loan on. We have to “find the value”, and it’s getting harder and harder to find it.
NP: What is the best advice you ever received?
SA: The best advice is not given verbally, but through modeling. We learn from watching others. I’ve been lucky to have been influenced by a lot of happy and successful people. Also, Michael Scott once said, “Don’t be an idiot”. I try to keep that advice at the top of my mind.
NP: What do you look for when hiring a new employee?
SA: Trust and honesty first, then enthusiasm. If they have enthusiasm, we can train all the rest of the skills.
NP: How does your company give back to the community?
SA: We are big on “old school” community involvement. We sponsor softball, volleyball, and soccer teams, demolition derby cars, golf tournaments, charity events, and community parties. We have a really cool city and it’s fun to be locally involved in any way we can.
NP: What is the oddest or funniest item that has been pawned in your store?
SA: Our motto is “Find a Way to Say YES”, so we end up with some strange things: 20’ taxidermy python, collection of high-end erotic statues, glass eye collection, prosthetic legs, a fire truck, and a military chemical warfare decontamination unit.
NP: What would you be if you weren’t a pawnbroker?
SA: Who knows? If you had asked me 20 years ago if I thought I would ever be a pawnbroker, I would have asked, “What’s a pawnbroker?” I just try to make calculated decisions when an opportunity shows up, then go with the flow and have fun!
NP: Why are you a member of NPA?
SA: Because I can’t do any of this by myself. None of us can. We need the team!