Nation Mom And Pop Business Owners Day
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Origin of "National Mom and Pop Business Owners Day":
This holiday was created to honor the business that my parents started on 3/29/39 in Everett, MA a hat shop called Ruth's. It later developed into a woman's specialty clothing store and moved to Medford, MA, increasing in size to 10,000 square feet with over $2 million dollars revenue until it closed in 1997." Rick Segel, Poinciana, FL
Educating the consumer:
- One honored example of a mom and pop store is the local general store. In decades past, just about every small town contained a business district that was anchored around a locally owned general store. This type of mom and pop store often also functioned as one of the social hubs, as people visited with one another while they shopped.
- Mom and Pop Business Owners spend countless hours nurturing and growing their young enterprises. The workload demands and lack of a hired staff, often translates into long and late hours, and many missed family and personal events. They bring different and unique products to the marketplace, provide stellar and personal service support, they know their products, and when you call, you are more likely to get a real, live person
- An economic impact study in Grand Rapids, Michigan demonstrated that a shift of even as little as 10% more of current spending to local independent businesses would result in $140 million in new economic activity, including 1600 new jobs and $53 million in new payroll for the community.
How can you help local businesses?
- Think about which three independently owned businesses you'd miss most if they were gone. Stop in and say hello. Pick up a little something that will make someone smile. Your contribution is what keeps those businesses around.
- If just half the employed U.S. population spent $50 each month in independently owned businesses, their purchases would generate more than $42.6 billion in revenue. Imagine the positive impact if 3/4 of the employed population did that.
- For every $100 spent in independently owned stores, $68 returns to the community through taxes, payroll, and other expenditures. If you spend that in a national chain, only $43 stays here. Spend it online and nothing comes home.
- Look at the big stuff first. Our choices for bank accounts, groceries, and energy consumption, can play a big role in helping promote local self-sufficiency. Shift 10 percent of your spending from outside entities or chains to local businesses.
- Learn where your tax money is spent. Can your city or town source more office supplies from local dealers? More school lunches from local ranchers and farmers? Are local governments using local insurers, banks, and suppliers?
- Utilize the power of anchor institutions. Just as with government entities, shifting the spending of hospitals, museums and other community-rooted institutions can create huge positive impacts and new opportunities. These institutions often have public service as part of their mission, and often are open to citizen input. Also if you support local civic groups, youth sports teams, etc., learn where they?re going for their needs. It?s stunning how often local non-profit groups will solicit independent businesses for donations, yet buy their food, supplies, printing, etc. from chain competitors.