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What is the advantage of locally owned businesses?
Long story short, I'm doing a marketing project for school. They're asking what the advantages of the locally owned business I chose, is. I chose a local ice cream shop, which only has one location, has minimal advertising, and it competes with ice cream shops that are well-known such as Dairy Queen and Coldstone.
2 Answers
- 10 years agoFavorite Answer
Well, for one you have a strong support from a local community.... that is if it's a small town. That's just about it though. In modern America small businesses fail left and right.
- brodericLv 45 years ago
Yes. You want cash to generate cash, and I'll deliver you a average MBA reply. If you begin a trade with out capital and earn a living, day after today your neighbour will begin the identical trade and proportion your benefit. Also, why could men and women pay you for anything they may be able to do themselves. The trick to begin cash with out cash is to make use of some time: due to the fact time is cash. Today you stroll the puppy and earn $15. If you wish to run a trade however you don't have capital, you rent any one to stroll the puppy and pay him $14, you're making $one million. You hold spending some time to appear for brand spanking new purchasers till you might have one hundred purchasers consistent with hour, and you're making $one hundred via having one hundred staff running the puppies for you, even as you don't do some thing. Then you begin a trade with out capital, however you spent your priceless time.
