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4 Reasons to Shop Small Business Saturday

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When you think about holiday shopping, your mind probably goes to big-box retailers before your neighborhood bookstore or antique shop. But in a time marked by widespread supply chain disruptions and inflation, underdog small businesses deserve our attention.

Enter Small Business Saturday.

Small Business Saturday is an annual event created by American Express that encourages consumers to shop at small businesses during the busy holiday season. It takes place the Saturday after Thanksgiving, which lands on Nov. 27 this year.

Here’s why you should consider shopping small for the holidays, and what to expect.

1. Main street businesses need support

The pandemic hit businesses hard. Roughly 200,000 additional establishments — mostly small ones — permanently closed between March 2020 and February 2021, according to a Federal Reserve report. That’s on top of the pre-pandemic rate of roughly 600,000 annual closures. Many surviving businesses are still at risk, due to factors like deferred rent payments and overdue credit card bills. Your patronage could give them a fighting chance.

“I think we have to ask ourselves as consumers, would we be sad if a retailer closed?” says Lauren Beitelspacher, associate professor and chair of the marketing division at Babson College in Massachusetts. “And if the answer is yes, then we have to find ways to shop and support there when we can.”

Shopping and dining on Small Business Saturday is one way to show appreciation for local businesses, especially those we’ve depended on during the pandemic, Beitelspacher adds.

Remember the restaurants you got takeout from during stay-at-home orders? Or the skin care boutique that supplied you with hand sanitizer? They were there for us when we needed them; let’s return the favor.

2. Communities and the environment benefit

“By doing their shopping at local small businesses, customers can directly support their neighbors and help benefit their local economies,” said Mark Madrid, associate administrator for the Office of Entrepreneurial Development at the U.S. Small Business Administration, in an email.

Shopping small for the holidays can also be environmentally friendly. When locally owned businesses locally source raw materials or manufactured products, it reduces the distance that goods travel, says Madhav Durbha, vice president of supply chain strategy at Coupa Software, a California-based business spend management platform.

“No shipping from across the globe and less packaging make for a smaller carbon footprint,” Durbha says.

3. It can offer a better shopping experience

“It’s basic economics, right? The supply is going to be lower, and so the demand is going to be higher, and so the prices are not going to drop like they have in the past. I’m not saying that there won’t be deals, but it might not be deals on the hot-ticket items that we want,” Beitelspacher says.

Flashy doorbuster deals that big-name retailers traditionally flaunt during holiday sales might be harder to come by. Shoppers can expect sold-out items and shipping delays in categories like toys, luxury goods and consumer electronics, Durbha says.

Small Business Saturday shoppers might fare better, depending on what they’re searching for. Shops that sell secondhand goods or items produced in the same community will be shielded from much of the supply chain disruption, Durbha says.

Shopping small for the holidays boasts other advantages, too. Shoppers can receive more personalized service and experience smaller crowds. Many small businesses also entice customers with exclusive discounts, promotions or freebies on Small Business Saturday — so saving money is still on the table.

4. You can find unique gifts

Shop at Target, Walmart or Best Buy and you’ll find little variation among their product selection.

“If you go to a big brand store, you can find that [inventory] in a thousand stores. But if you go to a small, locally owned business, you can find something very special and very unique for the holiday season,” Durbha says.

Maybe that’s handcrafted jewelry, a print made by a local artist, a vintage record player or a gift card for the best bakery in town. See what interesting, rare or one-of-a-kind gifts you can discover on Small Businesses Saturday.

TIPS FOR SHOPPING SMALL

Check your favorite local retailers’ websites and social media pages for store offerings, hours and event announcements in the days leading up to Small Business Saturday. You can also find participating businesses online using the American Express Shop Small map or by exploring hashtags like #shopsmall and #SmallBusinessSaturday.

Then, start gathering ideas for your gift list. You can get a sense of what might be in stock and within budget when Small Business Saturday arrives.

“Or get a head start on your shopping now,” Madrid said. “It’s never a bad time to support small businesses and to help boost your local economy.”

This article was written by NerdWallet and was originally published by The Associated Press.

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Interview with Tom Stefaniak Certified Financial Planner (CFP®) President of Pinnacle Wealth Management Discussing Putting the Financial House in Order

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Tom Stefaniak discusses important retirement questions, including:

1) What is the most important service that you provide to your clients?

2) What is a Wealth Plan?

3) How often do you update the plan?

The focus of this interview brought up compelling stories that Tom presented that made powerful teaching lessons that many people would not have considered. He comes alongside his clients to recommend strategies customized for their specific situations.

Listen to the interview on the Business Innovators Radio Network  

https://businessinnovatorsradio.com/interview-with-tom-stefaniak-certified-financial-planner-cfp-president-of-pinnacle-wealth-management-discussing-putting-your-financial-house-in-order/

When it comes to Investing for your Best Interest Tom Stefaniak, CFP®, strongly believes in financial planning. Every client of Pinnacle Wealth Management has an opportunity to create a personal Wealth Plan which gives them the ability to take an in-depth look at their financial life.

Tom built Pinnacle Wealth to be a firm that values relationships above all; he loves meeting with clients and building a relationship that goes far beyond finances.
Stefaniak commented that “It brings me great pleasure to relieve the stress and anxiety surrounding money and retirement and to help you aim toward your personal and financial goals. Working with you, I can help you to address the needs of your specific situation to devise your personalized plan of action.”

Listen to the previous episodes in the series with Tom Stefaniak on the topics of:

How Much Money is Enough to Retire
https://businessinnovatorsradio.com/interview-with-tom-stefaniak-certified-financial-planner-cfp-president-of-pinnacle-wealth-management-discussing-are-you-ready-to-retire/

Managing Life’s Transitions
https://businessinnovatorsradio.com/interview-with-tom-stefaniak-certified-financial-planner-cfp-president-of-pinnacle-wealth-management-discussing-managing-lifes-transitions/

About  Tom Stefaniak
After more than 30 years in the business, Tom can still confidently say that he loves his job and has found his true calling. Tom graduated from the University of Wisconsin-Milwaukee with a double major in Real Estate and Finance in the School of Business Administration. He earned his CFP® designation in 1990. He is a member of the Financial Planning Association. A lifelong learner, he has continued his education through industry classes and leadership programs. Tom is married and has three adult children. He enjoys helping his children with their pursuits as they are transitioning to adulthood. Whenever he has a spare moment, Tom can be found on the golf course. He also enjoys travel when his schedule allows it. One of his favorite destinations is Wisconsin, his home state and home to most of his 9 brothers and sisters and many other family members. Fun Fact: Tom is featured as a character in a Star Trek novel, Old Wounds. If you are a fan, check it out sometime.

Learn More: https://www.pinnaclewm.com/

Investment Advisory Services offered through Pinnacle Wealth Management, a Registered Investment Advisor. Pinnacle Wealth Management is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment related information, publications, and links. Accordingly, the publication of Pinnacle Wealth Management’s web site on the Internet should not be construed by any consumer and/or prospective client as Pinnacle Wealth Management’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Pinnacle Wealth Management with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Pinnacle Wealth Management, please contact the SEC, or the state securities regulators for those states in which Pinnacle Wealth Management maintains a filing. A copy of Pinnacle Wealth Management’s current written disclosure statement discussing Pinnacle Wealth Management’s business operations, service, and fees is available from Pinnacle Wealth Management upon written request. Pinnacle Wealth Management does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Pinnacle Wealth Management’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly

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Employee Engagement Expert Fahim Karim Reveals Leadership Strategies For Retaining and Attracting Employees On Influencers Radio

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Employee Engagement Expert and Founder of Gear 2 Harvest Fahim Karim was the featured guest on Influencers Radio with Jack Mize.

The U.S. Bureau of Labor Statistics reported that in September of 2021 more than 4.4 million people resigned (not laid off) from their jobs while there were 10.4 million job openings in the same period.  Labeled “The Great Resignation,” millions of workers are quitting right now and employers are in panic mode, finding it difficult just retaining talent, much less attracting new talent.

On a recent episode of Influencers Radio with Jack Mize, Employee Engagement expert Fahim Karim discussed how he is helping purpose-driven, growing companies retain and attract talent in the face of this tidal wave of resignations. 

On the surface, it may appear to many that the COVID pandemic has been the main thrust behind the increased volume of workers leaving their jobs. However, during the interview, Karim cited preliminary survey data that revealed some of the main reasons employees are really leaving: burnout, organizational change, lack of flexibility, discrimination, and lack of value being placed on employee contributions and ideas.

Explaining why the pandemic may have opened the gate for the Great Resignation, but that the root cause goes much deeper, Karim said, “What I know from my own experiences, this is not something that just happened.  It’s been brewing for years. And with COVID, it really has magnified. People have really started to question, ‘Should I be putting up with what I’ve been putting up within my organization?’ They’re not happy with how they’re feeling, so they are pursuing more deep, meaningful work, and in some instances, quitting without even having work to go to. Surveys show that 28% of employees were so discontent that they left their jobs without another job lined up and when looking at people working in the food services and hospitality sectors, 56% also jumped the boat, they just quit.”

Fahim Karim is the Founder of Gear 2 Harvest, a Management Consulting firm focused on Employee Engagement. With 20+ years of award-winning industry experience leading Fortune 500 companies, Fahim specializes in finding the root cause of employee disengagement by working with individual CEOs and Managers to become the leader their team loves to work with.

Listen to the full episode at https://influencersradio.com/fahim-karim

To learn more about Fahim Karim and Gear 2 Harvest, connect with him at:
https://gear2harvest.com/Linkedin
https://gear2harvest.com/Facebook
https://gear2harvest.com/YouTube

Media Contact

Company Name: Influencers Radio
Contact Person: Rachel Allen
Email: [email protected]
Phone: 713-242-1662
Country: United States
Website: https://influencersradio.com/fahim-karim

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Don Purcell CPA, Certified Kingdom Advisor and Founder of Clarity Business Coaching Interviewed on Influential Entrepreneurs Podcast.

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Don Purcell discusses his approach to helping his clients apply Biblical wisdom to issues faced by business owners to achieve predictable success–consistent results and growth.  

Listen to the interview on the Business Innovators Radio Network  

https://businessinnovatorsradio.com/interview-with-don-purcell-cpa-certified-kingdom-advisor-and-and-founder-of-clarity-business-coaching/ 

Purcell explained that ” As a small business coach, my vision is to guide clients toward good stewardship over business resources. This means making the most of what God has given you. Instead of wasting your Time, Talent, or Treasure, good stewardship leverages these three T’s for optimal value.”

Purcell continued, “it’s more important than ever to define your company’s core values to not only survive this tough time but thrive when it ends. Core values are what define your company and your culture. They guide your decisions for hiring, firing, and how your business will grow. During these tough times, when you may be struggling to get out of the valley, realize that you are being shaped and molded for the better

Don Purcell is the developer of the Stewardship Management System (SMS) ©, a comprehensive approach to running a business that uses practical tools that help small business owners become better stewards of their resources.

The process of resolving these issues is straightforward, easy to understand, but difficult to execute. By implementing the same basic tools, successful organizations employ today; you can melt away these common frustrations. As a result, you come out feeling more in control, happier, and less stressed. Your organization becomes more profitable, more focused, and staffed by great employees.

Implementing a business operating system such as SMS© will eliminate the lack of time, business stress, and preparation for the next leadership team when you are ready to exit the business and/or retire.

 

About  Don Purcell

As an entrepreneur for over 30 years, I want to use my skills as a business strategy consultant to show people that running a business can be meaningful and rewarding. My purpose in life and in business is to glorify God by serving His people. My family has been an integral part of this business from the beginning. At one point or another my wife and children have lent a hand to business success. Even our family dog, Prima, serves as the Director of Shredding and, much to my chagrin, often voices her opinion during Zoom calls.

Learn More: https://cbizcoach.co

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Email: [email protected]
Phone: 720-232-3112
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