We would like to thank local Author Jennifer Poff Cooper and Valley Business Front for allowing us to use their article.
About 90% of start-ups fail in the first year, according to multiple business sources. Terri Welch, owner of Wine Lady Enterprises, LLC, has beat the odds – three times over.
Welch’s company does business as Wine & Design, Christiansburg; WineShop at Home with Terri the Wine Lady; and Paint ‘n Fun Ceramics.
She began her businesses in 2011 with WineShop at Home, an existing company that organizes in-home wine tastings hosted by their trained consultants.
“It’s the Tupperware of wine,” she said.
It gave Welch the entrepreneurial “bug” to own a brick-and-mortar store, and she happened to be at the right place at the right time to make that happen. Welch had enjoyed girls’ nights out as a customer of Wine & Design, a business that hosts group painting classes along with wine tasting. But when she called to book a private party in 2016, she was told the Christiansburg business was closing. Welch offered to buy the local franchise instead.
Similarly, in 2021, she learned that the paint-your-own ceramics shop in New River Valley Mall was closing. She visited the store to pick up sale pieces and left owning the business.
“It was like a smack in the face,” she said of the idea.
Welch has reimagined that enterprise by adding a kiln (so that plates, cups, and bowls would actually be usable) and a pottery wheel. In the past year, she quadrupled the previous $5,000 per month in sales of Paint ‘n Fun Ceramics, her only individually owned business.
One reason Welch became an entrepreneur was because she needed flexibility after she gained custody of her toddler grandchildren. The need persists as she is now sandwiched between teen kids and an aging mother.
Welch’s background is “eclectic,” including the real estate and funeral industries.
She said, “It took me till age fifty to find out what I wanted to be when I grow up.”
Welch said she used to be “the kid who would hide my art from my parents so it wouldn’t go on the refrigerator.” Now, she has developed a passion for art. She learned by watching for a year the local artists she hired to teach classes at Wine & Design. With ceramics, she just “started playing with it” and feels that was a benefit because she can see the designs from a non-expert customer perspective, keeping it simple while still creating beautiful things.
Welch used multiple resources to get her businesses up and running. With Wine & Design, she walked into a situation where the owner had to sell, plus the inventory such as paint and canvas was low-cost. She went to a bank, took out a small loan, and paid it back within a year. For a year-and-a-half, Welch plowed all of the proceeds back into the business and took no salary. Paint ‘n Fun Ceramics was a different story, as she had to purchase a large variety of inventory to satisfy clientele, as well as expensive equipment like the kiln. The Montgomery County Chamber of Commerce connected her with a Small Business Administration loan for this venture.
The market for Welch’s businesses varies: “Art doesn’t have an age limit.”
She runs Art Buzz Kids for young children (ages 5-12) and is trying a new after-school ceramics program for teens (ages 12-17). Wine & Design’s target audience is women ages 35-55, but Welch is seeing more husbands coming in for date nights with their wives.
Being an entrepreneur certainly has had its challenges.
“I have tripped a bunch,” Welch said.
With Wine & Design, there was a steep learning curve because Welch had never run a brick-and-mortar business before. She had to learn about things like accounting and how to write a business plan. She said access to Chamber resources was invaluable.
Of course, the pandemic was a huge hurdle. Welch managed by holding virtual Wine & Design parties in the New River Valley, and then corporate asked her to teach virtually across the country.
Welch has gleaned enough experience to offer advice to budding entrepreneurs.
Always be prepared, she said. She experienced shock when the artists she had hired from the universities graduated and moved on, so now she always keeps artist teachers in the pipeline. In fact, one of the successes Welch is most proud of is having mentored students coming from art programs, teaching them the confidence to market themselves and their art as they go out into the world.
Flexibility is important: “Be willing to pivot,” she said.
For example, marketing has been trial and error.
“I threw a lot of things at the wall to see what would stick,” she said.
She has settled on vehicles that provide her good return on investment: Invest for Success through the Chamber; local radio ads; Peach Jar, an electronic vehicle to communicate with parents using approved ads through the school system; and social media, particularly Instagram and Facebook.
Welch said that community involvement is also essential for small business owners.
“Do it because it fills your soul,” she said, “but you’ll find that it comes back to you ten-fold.”
