Winds of change for baby business.
by Brahm, Jane Meyer
Walk into Gracewinds, an inviting storefront in Seattle's
Ballard neighborhood, and you immediately feel at ease. It's a
warm, old-shoe kind of place, with comfortable couches, murals and
paintings on the walls, oriental carpets, and brightly colored woodwork.
The hodgepodge of interconnecting spaces reflects the variety of
services for expectant and new parents provided by Gracewinds Perinatal
Services: classrooms for childbirth education; studios for yoga and
fitness classes; treatment rooms for massage and acupuncture; and rooms
for lactation consultants.
It also includes a retail shop, The Peapod Book and Birth Store,
which specializes in baby items. Next door is The Velveteen Child, a
bookstore for mostly used children's books. In the back, The China
Cat Cafe sells lattes and snacks.
The mood mirrors the down-to-earth friendliness of Christine
Wallace, Gracewinds chief executive and founder. "I didn't
want it to have a medical clinic feel," Wallace said. "I
wanted it to feel like you could come here and take your shoes
off."
A childbirth educator, certified labor doula, mother of five and
new grandmother, Wallace started Gracewinds in 2002 when she saw that
expectant couples and new parents had to look all over town for
services.
"It was crazy," she said. "I thought, why not put
them all together?"
She started with five contract practitioners operating out of a
former tavern. She and her husband, Jeff Carson, self-financed the
business with a few thousand dollars. Jeff did carpentry and remodeling
in ex change for a few months' rent on the building. Christine made
use of her art background by painting murals.
The business started taking off, adding practitioners and
clients--so much so that two and a half years later, "we were
growing ourselves out of business" Wallace said.
"We were so successful at getting clients and referrals that I
couldn't keep up with the number of brochures people were asking
for" she said. "More people in class es meant more books and
materials were needed. And we were running out of space."
That's when she went to the Washington Small Business
Development Center for help. Michael Franz, a certified business adviser
for the WSBDC, guided her in clarifying her vision, defining it in a
plan, establishing financial systems and managing cash flow.
The WSBDC is part of a network of such centers across the country
that, in partnership with the Small Business Administration, offer free
consulting and low-cost training to entrepreneurs.
Franz's help enabled Wallace to obtain a $35,000 loan
especially for woman- or minority-owned businesses from the Cascadia
Revolving Fund. It allowed her to take over adjoining space, doubling
the size of the business, and open the Peapod store.
Now Gracewinds has 3,200 square feet, nearly 40 practitioners and
scores of classes and workshops offered seven days a week. The
practitioners include midwives, nurses, doulas, lactation consultants,
childbirth educators, acupuncturists and massage therapists. They pay a
fee to Gracewinds, for which they receive marketing and Web site
exposure, space use and office support.
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The shop now generates a third of total revenue. More than 3,000
families have used the services of Gracewinds. Wallace and Gracewinds
have won a number of national, state and local business awards, and she
was the 2007 state and regional SBA Women in Business Champion.
The slowdown in the economy in late 2007 meant Gracewinds
didn't quite make its projected $300,000 revenue, but it should
easily exceed that for 2008, said Carson, chief financial officer.
Still, revenue in 2007 was 36 percent above 2006, and 2006 revenue was
50 percent higher than in 2005.
"The Gracewinds story is an inspiration," said Franz.
"There are some qualifies in business that are intangible.
Christine Wallace is very magnetic. She has a vision with clarity, and
she's driven to achieve her vision. One thing that distinguishes
Christine from a lot of entrepreneurs is that she aims very high.
She's not afraid to tackle big dreams."
Her big dreams are still evolving. She's working on a
new-fathers program that will become the first of its type certified by
the national Childbirth and Postpartum Professionals Association. She
started her own publishing company, Braxton-Hicks, to publish her labor
guide for doulas, which now has international distribution. She set up
Grace-winds Global Breast Milk Initiative, a non-profit focused on
promoting and supporting breastfeeding in third-world countries. She
holds monthly meetings for women business owners, focusing on
entrepreneurship.
And she continues to consult with Franz about taking Gracewinds to
the next step. She hopes to open one or two branches in Seattle in the
next year or so, "and after that, it's wide open," she
said. She insists on maintaining the same intimate feeling that she
believes is key to Gracewinds' SUCCESS.
Wallace believes many new parents don't have support systems
or family members nearby. Gracewinds fills a void. "What we're
providing here is age-old and timeless--a community of support under one
roof."
WALLACE'S BEST BUSINESS DECISION?
"Bringing in the talent pool of consultants we needed from the
very beginning--like our attorney. That way, as we grew we didn't
have to go back and redo things, because they were done right from the
very beginning."
A GRACEWINDS GROWING PAIN?
"Managing explosive growth. As a novice, you think growth is a
good thing. But it can actually be a very hard thing for a
business."
Gracewinds Perinatal Services * 1421 N.W. 70th St., Seattle, Wash.
98117 * (206) 781-9871 * www.gracewindsperinatal.com Founded 2002 * 1
full-time employee, excluding Wallace and her husband * 2007 revenue:
Just under $300,000
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NOTE: All illustrations and photos have been removed from this article.