5 Reasons You Should Shop Local

5 Reasons You Should Shop Local

In 2018, there were 30.2 million small businesses in operation in the United States, accounting for 99.9% of all businesses in the country. Small businesses have a huge impact on our society, yet so many Americans choose to shop at multi-chain stores and online retailers instead. About 1 in 12 businesses close every year, with low sales being the top cause.

While shopping online may be more convenient, local neighborhood stores create the backbone of the community we live in. They help strengthen the local economy, create close-knit communities, provide better customer care, and so much more.

Here are 5 reasons why you should support small businesses and #ShopLocal today and every day:

1. Small Businesses Strengthen the Local Economy

As of 2015, 58.9 million people have been employed by small businesses in the United States. Small business owners are more likely to hire locals, so shopping at these businesses frequently creates more job opportunities. Small businesses also tend to source products locally, thus supporting fellow local businesses.

2. Small Business Owners are More Likely to Give Back to the Community

In a study by Civic Economics, “48% of each purchase at local independent businesses was recirculated locally, compared to less than 14 percent of purchases at chain stores.”

3. You Benefit from a Close-Knit Community

Whether it’s at your local coffeehouse or the hardware store around the block, shopping at neighborhood businesses gives you the opportunity to better connect with other members of your community. Cities and towns with a higher number of local businesses are proven to have stronger social ties and more participation in civic affairs.

4. You Get Personalized Customer Care

Anyone who’s shopped at multi-chain retail stores has had the experience of walking into a gigantic store, being overwhelmed, and walking out without purchasing anything because no one was around to help. On the other hand, small business owners will go the extra mile to ensure you benefit from personalized support and local expertise.

5. You Enjoy Product Diversity

Would you prefer to purchase a unique, one-of-a-kind product or one that’s owned by thousands of other people? Shopping at a local business gives you the benefit of not only getting unique products, but also access to an inventory that’s almost as exhaustive as that of a big box store.

3 easy ways you can support your local businesses:

  1. Introduce your friends and family members to your favorite local business by giving them a gift card. This way, you’re encouraging more people around you to #ShopLocal as well.
  2. Take a few pictures at your local businesses and promote them on social media. Make sure to tag their social handles and mention what you love so much about them.
  3. Leave your favorite local business a positive review on Yelp / Google / Facebook. People tend to leave reviews only when they have a negative experience with a business, so do the opposite and show some love for your favorite local store and let people know why they should visit.
  • Courtesy of: www.spoton.com/blog/infographic-5-reasons-you-should-shoplocal

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Dwight Eisenhower

Life’s Tasks in 4 Categories

Dwight Eisenhower, former general and president of the United States, once famously said: “What is important is seldom urgent.” Eisenhower taught that life can be broken down into 4 simple types of tasks:

Task #1: The important and urgent – things that are critically important and immediately necessary (i.e., you’re drowning, and YOU NEED AIR).

Task #2: The important but non-urgent – things that are critically important but not immediately necessary (i.e., spending time with family)!

Task #3: The unimportant but urgent – Things that ultimately matter very little but are immediately necessary (i.e., you haven’t eaten all day and you need to eat dinner).

Task #4: The unimportant and non-urgent – Things that matter very little and are unnecessary (i.e., watching TV or browsing social media).

Which things in your life should you re-prioritize as a Task #1 or a Task #2? Set your standards high, and attack the most important tasks with full focus and meaning.

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Biznis Software

Choosing the “Right” Software

With such a wide variety of software tools clamoring for your business and so many options among them, it becomes imperative to make calculated, data-driven decisions when considering any new software adoption. You must consider the data, business goals, and your budget, to name a few key factors. A technology plan then must be developed and adopted to focus money and energy where they will provide the greatest positive impact. Once a particular software is considered vital, both the pros and cons of each option must be considered before making the final decision.

The ultimate software choice can provide a critical missing link to help your business, non-profit / organization, or school function more efficiently and effectively! Unfortunately, software chosen too hastily can prove to be a monumental disaster requiring enormous resources of time and money to repair.

By first answering these 10 questions, you can be confident you are making the “right” software decision(s) for your business, non-profit / organization, or school:

  1. According to the data, what is your most critical need? (The most critical need is usually apparent after triangulating data sources).
  2. What other areas of need are causing problems?
  3. What are your business goals? Are they “S.M.A.R.T.”-oriented?
  4. What is your budget for this software adoption? Is it realistic / conservative?
  5. Do you need / want the new software to change your current workflow? Or do you just need the software to speed up and/or simplify your current workflow?
  6. Is it possible to customize your current software to meet your needs / wants? Is there an integration that can improve your current system without undergoing a completely new software adoption?
  7. Does your team have any recommendations? If so, what are they? Why?
  8. Does your professional network have any recommendations? If so, what are they? Why?
  9. Is there a Business Management Consultant who can help determine the answers to each of these questions and do the research behind the pros and cons of each software option? Or are you going to complete every step yourself / in-house?
  10. What software training will be needed to ensure full implementation? Which teams / departments need to be involved in the training? How long is reasonable to train / implement the software?

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Strength in Diversity - 2019 Report

Strength in Diversity

Only 7 states out-pace the rest of the country in economic diversity, with Utah and Missouri leading the way (Hachman Index of Economic Diversity, 2017):

  • Utah (96.9)
  • Missouri (96.8)
  • Arizona (95.7)
  • Illinois (95.6)
  • Pennsylvania (95.5)
  • Georgia (95.2)
  • New Hampshire (95)

In short, the more diverse the economy (the higher the index score), the more stable and strong the economy is. Note: a value of 100 would mean the state’s economic activity is distributed exactly like the national average. How economically diverse is your state?

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Charter School Growth

Charter School Growth

Charter school enrollment continues to climb. Yet, there are still a lot of questions and misunderstandings surrounding the differences between charters, private, and traditional schools.

The differences between charter schools, private schools, and traditional public schools are really quite simple. Charter Schools are public schools granted a “charter” by a state or university to specialize in a particular area of focus (i.e., academics / college prep., athletics / dance, military prep., musical / theater arts, etc.). Charter Schools still have to follow all state laws and rules pertaining to traditional public schools and are funded by the state and federal government (charter schools are free). Private schools do not have to follow any state or federal laws and rules.

Thinking about placing a student in a charter school or private school? Biznis Resource can help!

A few additional distinctions between charter schools and traditional public schools are:

  • Charter Schools typically limit class size to 25 or fewer students.
  • Charter School Principals or Directors usually function as the “superintendent” by interacting directly with the school’s Board of Directors.
  • Charter School Boards operate similarly to traditional school boards, only they typically focus on 1 school.
  • Charter School Boards and administrators are accountable to State School Boards and State Superintendents.

What has been your experience? Do you have questions or concerns? Need help finding a good charter school or private school to suit your family and student(s)?

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Opportunities in the West

Opportunities in the West

The highlighted areas mark “economically-distressed” areas designated by Governors in the western states for preferential tax treatment (Tax Cuts and Jobs Act of 2017).

  • 10% exclusion of deferred gains for investments held longer than 5 years
  • 15% exclusion of deferred gains for investments held longer than 7 years
  • 100% exclusion of deferred gains for investments held longer than 10 years Ready to start a business or invest in the West?

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States with High-growth Private Businesses

Top 5 States for Private Business Growth

The top 5 businesses for private business growth in 2018 (exceeding $2M in annual revenue) were:

  1. Virginia
  2. Utah
  3. Georgia
  4. Arizona
  5. Massachusetts

More specifically, the businesses highlighted in the chart have logged at least 3 years of 20% or more annual revenue growth! How is your private business doing? How does your state compare?

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Longest Expansion on Record

Longest Economic Expansion on Record

The U.S. economy has been expanding by an average of 1.5% / year since July, 2009 (113 months)!

This news can be both good and bad. It demonstrates how strong the economy has been, but it could also indicate the economy may begin to slow down. What do you think?

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The Economy is Starting on the Year on Solid Ground

2019 Is Starting off on Solid Ground

The economy has started the new year on solid ground, with low unemployment, tame inflation, and strong corporate earnings!

Despite uncertainty in the stock market, Washington, and abroad, indicators suggest there’s reason for cautious optimism as we begin 2019.

https://lnkd.in/gw_Gc7Us

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