The Secrets Behind a $12m Pawn Shop Empire: James Constantinou | Ep 14

James Constantinou is the CEO and founder of Prestige Pawnbrokers, and the star of Channel 4's TV Show Posh Pawn. He started the business shortly after the 2008 financial crisis, and it now has an annual turnover of £12 million. Sponsored by Furniture Box: https://www.furniturebox.co.uk/ Topics: 00:00 Intro 01:31 Background 05:49 Setting up the pawn shop business 07:20 How the business model works 11:43 Initial marketing strategy 16:00 Starting post-recession 18:54 Minimum start-up capital 22:50 People bringing in fakes 28:51 Channel Four TV Show 36:45 What sets Prestige apart 38:35 Do you need prior experience? 39:02 Best items ever pawned 43:06 Hardest moments of the business 46:46 Employees and consultants 48:35 Entrepreneurial spirit 50:00 How to make the initial cash 53:33 Crypto 56:21 “Organised fun” 59:45 Impact of AI 01:01:10 Practical advice Listen on: Apple Podcast - https://apple.co/3TTvxDf Spotify - https://spoti.fi/45aGqXk Follow TGF: Instagram: https://bit.ly/tgfgram TikTok: https://bit.ly/tgftiktok Follow Ollie: Instagram: https://bit.ly/olliegram Follow James: Instagram: https://bit.ly/jamesgram