Chain Stores: We Love to Hate Them & We Hate to Love Them
Purchasing goods from your local business in your neighborhood puts 70% of that money back into circulation in your local economy. Spending the same amount of money in a local chain store puts approx 40% back into circulation in your local economy. Spending it on line with an out of state on line store puts 0 % back into your local economy.
By now must of you know this, so why would you shop at a chain store? Convenience, availability and value are a few. Chain Stores are here to stay, but please help save the mom & pops by spending a few hundred dollars a month in your local neighborhood stores. Even though it costs you more, it does come back into your pocket at another time, so hence the price can be the same.
In addition to generous support of the local economy, small business man & woman should support local businesses strategically to get them to reciprocate and buy their services. For example: A local restaurateur shops at the local produce stand instead of a national food delivery service and encourages the produce stand owner to come to his restaurant with his friends to eat. When they come they spend $600. The restaurateur spent 20% more at the produce stand per week for a month; lets say $160 more and received $600 in business. We call that a win win win for the produce stand owner, local restaurateur and the local economy.
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