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- Direct impact is spending done by a business in the local economy to operate the business, including inventory, utilities, equipment and pay to employees.
- Indirect impact happens as dollars the local business spent at other area businesses re-circulate.
- Induced impact refers to the additional consumer spending that happens as employees, business owners and others spend their income in the local economy.
Small Business Saturday |
So every dollar you spend with a locally owned business make the entire community thrive and grow. This is no different in the Lake Area which is full of entrepreneurs and small business owners. Here are just a few reasons why when given the choice - local is the way to go!
- Keep dollars circulating in the local community keep more small businesses operating which offers more choices to the consumer.
- Competition keeps everyone honest and is a great way to maintain lower prices for the long term.
- Money spent with a local business will generate 3.5x's more wealth for the local economy compared to money spent at a chain-owned business according to Michael Salguero, CEO and Co-founder, CustomMade.com.
- By choosing local independent makers / growers you cut down on packaging as well as transportation waste.
As we draw near the holiday shopping season keep in mind the small business owners in your area and buy local whenever you can!
If you are interested in exploring flooring options for your home or business let us know and we will find the right product to fit your needs.
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Joni Walden
Owner
Lisa Chapman
Manager
lisaisbarefoot@gmail.com
Phone: 573-348-6006
5513 Osage Beach Parkway (Case Rd. Exit); Osage Beach, MO 65065