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Defining an Independent Retailer

In celebration of Independent Retailer Month


Traveling between my two home towns, you pass through communities that can be defined as small, smaller, and very tiny. Within these communities you will see signs of those who believe in their community; not just by their words, but by their actions and their money.

Not unique to these small communities, these believers can be found in large cities and mid-size cities; these believers will step into action anywhere there is a number of people who are looking for something. In a community or neighborhood, you will find these individuals and the results of their efforts.

These are the people who have opened a small business. This person, who has chosen to open that small business, is saying to their community, “I see a need and am going to help. I will create that business, take the gamble, and help my community.”

The business may be a pharmacy, a hardware store, grocery store, auto parts store; one that sells clothes, shoes, toys, bicycles, lamps or any number of items that people use. The business could be a hairdresser or the person that cuts the grass or landscapes your lawn as the independent retailer takes on many shapes and sizes.

The business they chose to create will be unique as the products and services they offer are tailored to the wants and needs of those that live in the area. The owner of this business will ask the residents what they are looking for and how that business can make the lives of customers more enjoyable. The business is likely to change as the community changes as well as when the residents develop new wants and needs. The owner of the business is easily adaptive to the community because that business owner lives in the community.

The person owning that small business is also going to be active in their community by participating in the merchants association. This person will be among the first to join in any effort that makes the community better for those that chose to live there. It may be creating a park, supporting a youth sports team, doing something for the children attending the local schools, or helping a local house of worship; this person will be there to support and help their community. Their investment in the community goes far beyond the business they have opened.

The independent retailer is a cheerleader for the community. This person can find the good in everything; they are proud of, and a proud member of their community.

Another word for ‘belief’ is ‘gamble’, for opening this business is truly a gamble. There is never a guarantee that the new business in the community will succeed. The owner expresses their belief by taking their personal money and investing in the creation of the business. The money may come from what has been saved over the years; the money may come from mortgaging or selling their home to make this investment in the community. It is an investment that says, ‘I believe in this community’.

Unlike those that have jobs working for a business, these people have no guarantee; no promise of a paycheck at the end of the week. They are doing what they do because they want to help their community. They do it because they are very talented individuals that have a strong sense of being an entrepreneur to their endeavor. Owning the business is a challenge they thrive on. You can see the enjoyment of the challenge in the smile they greet their customers with as the customer comes into the business.  You can hear the excitement of their business in their voice as they visit with the customer.
Doing business with this independent retailer is sheer enjoyment because that retailer truly appreciates and enjoys their customers; their neighbors.

As consumers within a community, there is no responsibility to shop with a locally owned business. It is not ‘the duty’ of residents to support the business. Instead, the locally owned business works hard to invite individuals to visit the store; to be greeted and waited on by their fellow residents.

This shopping experience will be one that is unique to each locally owned business – you won’t find the same products, services, staff, or atmosphere in any other business. It will be like walking through a forest and listening to all the birds that live there. What a dull world it would be if all the birds sang the same song!

This is what the independent retailer brings to the community.

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This article is copyrighted by Tom Shay and Profits Plus Solutions, who can be reached at: PO Box 128, Dardanelle, AR. 72834. Phone 727-823-7205. It may be printed for an individual to read, but not duplicated or distributed without expressed written consent of the copyright owner.

MAY 2024
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Small Business

AdvisorieS

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.

Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

 

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.


Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.