A dollar spent…

From Dave Smith
See update below…

A local merchant forwards this:

A dollar spent at a locally-owned store is usually spent 6 – 15 times before it leaves the community.

From $1 you create $5 – $14 in value within the community.

Spend $1 at a national chain store and 80% of it leaves immediately.

Thanks for contributing to our sustainable community.

Quote:  Tim Mitchell, first cited in E magazine, article available through the Northwest Earth Institute’s Choices for Sustainable Living discussion course book.
Update 12/11/08: The local Chamber of Commerce sent this quote out to their email list today, and soon thereafter a retraction email was sent out and replaced with the same quote minus this part: “Spend $1 at a national chain store and 80% of it leaves immediately.”


The making chasm

From Dave Smith

Business Guru Seth Goden recently wrote the following:

Great caption for a cartoon in this week’s New Yorker:

There’s a lot I want to experience, but not a lot I want to actually do.

In my exposure to companies big and small, this is probably the single biggest gulf. Lots of people there for the ride, not so many actually doing.

Doing appears risky, because it exposes you to criticism and perhaps failure. Experiencing is hot right now, being part of the social network, helping maintain that online tribe you belong to.

Getting your ducks in a row is not nearly as powerful as actually doing something with your duck.

How’s your duck doing?

Why support locally owned businesses?

Top ten reasons!

    For every $100 spent at a locally owned business, $45 stays in the local economy, creating jobs and expanding the city’s tax base. For every $100 spent at a national chain or franchise store, only $14 remains in the community.
    Ukiah is a village. Where we shop, where we eat and hang out—all of it makes our village home. Chain stores are growing more aggressive and threatening to change the unique character of our town. One-of-a-kind, independent businesses are an integral part of what makes Ukiah a great place to live.

Continue Reading Why Support Locally Owned Businesses?


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