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Local shops await your business! South St. has large turnover in recent years.
How does the consumer suffer, if small business suffers?
Over the last couple weeks, I have reiterated that shopping locally in small businesses is crucial to our local economy. And maybe you’ve thought to yourself, “I should probably consider it more”. And although I happen to think I have the brightest subscribers, unfortunately some people will continue to wonder:
“What’s in it for me?”
We are already aware of what can be gained:
- Employment (yours, your family and your neighbors)
- Local leadership
- Contributions (Tax & Charitable)
- Variety
- Sense of community/pride
- Domino-effect of economic success!
If the reasons you should shop locally does not motivate you enough, maybe the following will. Think about your favorite local business. Most likely, they use a local book keeper or accountant, newspaper, print company, signage and advertising shop, drivers, landscapers, insurance office, office supplier, technicians, contractors and distributors. Think about the fact that every time a small business closes, one of these local businesses looses a client. The dramatic decrease of small business profits, whether they ultimately close or dramatically scale back, affect a wide range of local businesses.
When a “mom & pop” shop closes, it is not just devastating for “mom & pop”. It creates a chain reaction leading to a tougher local economy for yourself and your region. There are likely many other facets of each local business that would surely affect you in a 6 Degrees of Kevin Bacon type of fashion. Cutting costs is something every business owner keeps a close eye on, after all, it is business. However, the varying degrees of success versus failure can sway the necessity of transitioning full-time staff to part-time, or ultimately downsizing by hiring free-lance work alone.
America is considered worldwide to be the “Land of Opportunity”. However, according to U.S. News & World Report, entrepreneurship has decreased and has continued to do so over the last three years. Self-employment has become risky. The loss of a growing entrepreneurial culture represents the looming and overwhelming power of big businesses that obtain tax breaks, hire overseas distributors and devastate your local economy. In turn, raising your taxes, offering un-American made products and undermining the culture of your town.
If shopping locally appeals to you, but you’re not sure how to help, please refer to my previous article and the details of the 3/50 Program:
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