
Kelley Peake
The PLAY BoutiqueKids: Kennedy (8), Ella (5), Brooklyn (11 months)
Brief biz description:
The PLAY Boutique is an innovative lifestyle brand offering opportunities for children to learn, parents to connect, and families to find balance. Our offerings include a school, café, merchandise, parties, and more.
Target audience:
Busy parents with children ages birth to 8y trying to find balance in their lives.
Job held before you started this biz:
Developed and ran the New Business Development department for KinderCare Learning Centers.
Initial Start-Up Costs:
$350,000
Initial Funding Source(s):
Personal cash, savings and investments
First "woohoo!" business moment:
Seeing little bit of money at the end of the month in the bank account meant other people believed in us enough to help them with their most prized possessions in life. And that they were willing to pay for that help meant our services were of a quality customers saw value in and at the same time we were able to operate a successful business model.
Biggest Mistake-Turned-Teaching-Moment:
I quickly realized trying to be perfect was costing too much money and it would run out if something didn't change. I accepted the leaky roof, the not so fantastic play structure, and the hand me down toys. I worked to balance meeting the needs of our customers in a way that they accepted us in our not so perfect fashion. It has allowed me to learn so much in the past four years and now have a successful model that can be expanded upon.
How you feel about competition in your industry:
We have worked hard to build a system and framework that will make us both successful and unique. But at the same time, we have found it more beneficial to work with others finding ways to partner, rather than, trying to assume we are the parents one and only choice.
Greatest source of clients for your biz:
Referrals from existing customers and word of mouth.
Your inspiration:
My three wonderful daughters. I am so thankful everyday for the chaos, ever messy car, absent mindedness, and all that goes with trying to balance life and work. Being there for the little things that happen during car pool, after school snack time, and many firsts has pushed me to continue to build a model that will provide other parents the same opportunity to stay connected with their families, even in the midst of controlled chaos.
#1 piece of business advice everyone should follow:
Surround yourself with good people and empower them to be better than you. You will never be able to do it all. But when you build an amazing team, it all can be done.
#1 sanity-saving tip for work/life balance:
Do not answer you cell phone. Losing control of your time will cause major catastrophes in all other areas of your life. Have a set time to return calls and answer emails.