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.
Ettore grew up working in the restaurant & catering business from the age of 12. He graduated from the College of Staten Island with a Bachelors’s in Mathematics & Finance in 1985. In 1986 he started Chez Vous caterers from the basement of his home in Dongan Hills and caters parties at homes and businesses in the tri-state area. In Oct 1987 he rented the first floor of Edgewater Hall at 691 Bay Street. A few years later he added the party rental division to Chez Vous. In 1998 he purchased Edgewater Hall and renovated the first and second floors making them party spaces. Shortly thereafter he purchased from his tenant the cellar bar creating Dock Street Underground a live music venue. His creative projects include his CD Sweet on You, his book, It’s Your Right to be Fit, Sexed, and Happy, So Claim It, and he is developing a TV series called Business Underground. His record labels Hanz On Music and Dock Street Records has produced Method Man’s “The Meth Lab.” and produces 2nd Generation Wu projects.