Mom and Pop Business Owners Day
Today is National Mom and Pop Business Owners Day, which is of course a day to honor all small business owners. Small businesses are a vital part of the United States economy and the worst part is that these businesses are not always appreciated for the critical role that they play. According to the U.S. Small Business Administration, there are more than 27 million small businesses in the United States, employing more than 56 million people. Owning your own business is a goal that many people strive to attain. It takes long hours, hard work and much dedication. Countless hours of nurturing the business are needed in the process of growing the business. From starting out to building and expanding, a successful small business is the goal of every owner.
Some of these Mom and Pop shops are handed down from one generation to the next while others are new start-ups. “Mom and Pop” businesses offer superior customer service as the owners take personal pride in their operations as well as pride in their communities. They’re not just great places to shop, they’re the backbone of the community.
Together, these locally, independently owned retailers, restaurants, hotels and service providers create stronger and more resilient local economies. In fact, locally owned retailers return more than three times as much money per dollar of sales to their local community than national chains.
Beyond the economic benefits, locally owned businesses add value that can’t easily be measured in dollars and cents. They create a community that’s completely unique. No two cities, counties or states have the same network of independent businesses – and that makes each of our neighborhoods a little more interesting. Particularly when it comes to generations-old family businesses, they also chronicle the community’s history in a way that modern big-box superstores can’t. They carry on local traditions and give back to local causes keeping the community vibrant.
This, along with many other reasons, is why we, in our communities, need to continue supporting our local mom and pop shops. Aside from unmatched customer service, they are what makes our community feel like the home it is. Without them, our towns would feel empty. Everyone needs a mom and pop shop to be a part of their community!
If you are the owner of a small business shop and are unhappy with your current insurance or financial coverage, please feel free to call us anytime during our office hours at 203.237.7900 and we will gladly assist you. We are your biggest supporters.