Family gatherings, unbelievably delicious food, timeless traditions…with Thanksgiving just around the corner, the most wonderful time of the year is officially upon us. And no holiday would be complete without the hustle and bustle of shopping for the perfect gifts for loved ones. Looking to avoid the crowds but want to get ahead on your shopping?
Then Small Business Saturday® (this Saturday, November 24) is your day to shop! Created in 2010 by American Express to increase awareness around the positive impact of small businesses, it’s now a nationally recognized shopping holiday celebrated on the last Saturday of November every year. In 2017 alone, nearly 108 million shoppers spent $12.9 billion in support of their local shops and restaurants. So why #ShopSmall? While the reasons are endless, here’s four to get you motivated to start:
1. Money spent locally stays local
That’s right. Every time you make a purchase at your favorite neighborhood shop or coffee spot, you’re also supporting public schools, fire and police departments, paved roadways and more with your tax dollars. In fact, that dollar goes further when you shop local. For every $100 spent at a local business, nearly $68 stays in your local economy compared to $43 with big business. Shopping small is really a gift that keeps on giving.
2. Small business creates more jobs
‘Small businesses are the engine of our economy’—while that may sound like a line uttered by every politician…when you look at the numbers, it’s hard to dispute. Small businesses account for 30.2 million of all business in the U.S. and employ roughly half of the American workforce (47.5 percent). Small business also added another 1.9 million jobs during the latest years studied too. This means that every time you shop local, you’re potentially helping that engine accelerate.
3. Giving back and thinking bigger is Small Business 101
Local businesses are an integral part of communities, both big and small which is small business owners are generally more invested in the towns they live and work in. These same owners constantly think about the greater good and how their decisions may impact the larger community as a whole. That’s why it’s no surprise that small businesses give 250 percent more to charities, community events and local sport teams when compared to big business.
4. Helping entrepreneurs achieve their dreams
For many small business owners, their businesses are really just an extension of themselves and their dreams. So, give yourself a pat on the back, you go-getter, you. Because each time you support a local business, you’re helping an entrepreneur achieve their dream.
Did you know every single Motto Mortgage office is independently owned and operated? This means they’re a small business too!
If your local Motto Mortgage office is participating in Small Business Saturday, stop by and say hi. Or, if you’re looking to go big and gift yourself a new home this holiday season, a Motto Mortgage loan originator can help you make sense of and wrap up the home loan process (they’ll just need a lot of wrapping paper).
Not sure if your favorite shop or restaurant is in? Check out this interactive map to see which small businesses are officially participating near you.