Mystic Business Owner Named CT Small Business Person of the Year
By Siobhan McGirl • NBCConnecticut • Published September 23, 2020
Matt Beaudoin's business in Mystic is built on tradition, and is being honored for its ability to pivot in the middle of the coronavirus pandemic.
"Mystic Knotwork is an artisan handmade business," said Beaudoin. "It has been in existence as a family tradition since the early 50s." Beaudoin, owner of Mystic Knotwork, is being recognized by the Small Business Administration as Connecticut's Small Business Person of the Year for his work, commitment to that tradition and his ability to adapt.
Nautical knot tying has a long history in Beaudoin's family. His great grandfather and grandfather both worked on the water. His grandfather was a merchant marine. "It’s what you have to do. Tie up to the barge. Tie up to the dock,” explained Beaudoin. "It is a functional thing." Beaudoin's grandfather, Alton Beaudoin, learned the practical side of knot tying first, but he ended up passing his time by learning the fancier side of knot tying. After his return from WWII, Alton Beaudoin started selling his knotwork. His grandchildren assisted. “I remember saving up money from tying the bracelets and I bought my first bicycle when I was 8 years old," said Beaudoin.
Beaudoin kept his grandfather's legacy alive and continued to tie knots for decoration through most of his adult life, but it was not until 2009 that Beaudoin decided to make knot tying his full-time job. "I guess if the business can see, it has seen a lot and we have been through it all,” said Beaudoin. The business, like so many small businesses, was put to the test this past March.
"It was scary," said Beaudoin. "The month of March I had no clue what was going to happen." With no weddings or gift shops to send product to, business was hurting at first. Beaudoin said that thanks to a PPP loan and a robust online presence, the business has been able to stay afloat. "There was a three or four week period where we were the only nautical knot bracelet you could buy online in this country," said Beaudoin. "May was the busiest month we have ever had online.”
Sales are down about 30% compared to last year. "I don’t look at my books. I look at my cash on hand. As long as that cash on hand is bigger than zero we are still going," said Beaudoin.
The SBA named Beaudoin the Small Business Person of the Year just weeks before the pandemic hit, but he did not receive his award until this week. Matthew Nemeth, a business advisor at the Connecticut Small Business Development Center, nominated Beaudoin for the honor. While it was pre-pandemic, Nemeth said that the reasons why still ring true: his ability to adapt and pivot.
The SBDC recently hired five new advisors to assist other small businesses during the pandemic. More information can be found here. "There are definitely a lot of resources to help you get through this," said Nemeth. Beaudoin said that he is thankful for the resources as he continues to tie his family tradition to the present.
With colder months approaching, Beaudoin said that he is still concerned that the foot traffic in Downtown Mystic will drop off. “Restaurants, hotels, they bring people into town," said Beaudoin. "That synergy is what keeps us going and keeps the whole town going. As the weather is changing I am really worried about this coming up.”