Search This Blog

Monday, June 14, 2010

Need Some Small Business Love?

The economy is tough. But there are some glimmers of love being shown for small businesses.

Bloomberg BusinessWeek ran a story on June 11 titled "America's Love Affair With Small Business." Beyond some anecdotes, the story noted the following:

In a survey released last month by WebVisible, an online marketing services provider that works primarily with small and midsize companies, 4 out of 5 respondents said they regularly patronize small, independent businesses over larger chains. Their top three motivations: to support their communities, for travel convenience, and for the personalized service, says Kirsten Mangers, WebVisible's chief executive officer.

Just 17 percent of survey respondents said they don't choose small businesses over larger chains. "We automatically assume that if shoppers are going into a national-brand chain store, it's because they get economies of scale" and lower prices, Mangers says. "But we're finding the perception is that by transacting with a local merchant, you'll save time and money at the end of the day."

Raymond J. Keating

Chief Economist

Small Business & Entrepreneurship Council

No comments: