Swipe Right for Small Business This Valentine’s Day

Topics: Small Business

How many times have you found yourself on Valentine’s Day hastily purchasing a box of chocolates, picking the “best of the worst” leftover cards, and hoping for a reservation at a decent restaurant? Instead of dealing with that nonsense this Valentine’s Day, slide in to your neighborhood small business for better gifts. Your sweetheart and local retailer will thank you for it.

Shop Small This Valentine's Day

shop small valentine's day

According to the National Retail Foundation, consumers will spend $19.6 billion on Valentine’s Day. An estimated $4.7 billion will be spent on jewelry, and 35 percent of total Valentine’s Day purchases will be made at a department store. Why not shop local to get something unique and show the love to your neighbors on Main Street?

Oftentimes, when you shop small you’ll enjoy an experience unlike a big box store. Besides strengthening your local economy, you’ll be able to find distinctive inventory you can’t find anywhere else. Besides offering unique inventory, small business owners usually emphasize customer service. Sourcing interesting products typically entails growing strong relationships with a shop owners’ vendors, thus creating a stronger community. Small businesses are proud to offer personalized experiences, which isn’t something you can get anywhere. Besides, gifting a loved one something with a little meaning behind it might get you an extra snuggle!

Snuggling is fun, but it doesn’t pay the bills (in most cases). By keeping your cash in the local community on Valentine’s Day, you’ll help create jobs. According to Forbes, small businesses create two-thirds of private sector jobs. Not only that, but for every $10 million spent, 57 jobs are created. Here’s more reasons to love small businesses:
  • According to the U.S. Small Business Administration, small businesses employed 56.8 million people and created 1.1 million new jobs
  • Minority ownership of small businesses has increased by 38.1 percent since 2012
  • Small businesses generated 33.6 percent of the U.S. total export value
  • 3.7 million microbusinesses which are made up of 75.3 percent of all private businesses (businesses with 1-9 employees) represent 10.8 percent of private sector jobs Showing the love to small business spreads the wealth.
To learn more about small business insurance solutions from AmTrust, please contact us today.

This material is for informational purposes only and is not legal or business advice. Neither AmTrust Financial Services, Inc. nor any of its subsidiaries or affiliates represents or warrants that the information contained herein is appropriate or suitable for any specific business or legal purpose. Readers seeking resolution of specific questions should consult their business and/or legal advisors. Coverages may vary by location. Contact with your local RSM for more information.

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