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Going Out of Business - is there anything you can do? Definitely!

By
Real Estate Agent with Remax equity group DRE# 200506219

For Lease Sign - Public Domain Pictures used with permisison

 

Another shop in my neighborhood is closing! It's the second in a month!

Signs of the times all over the city include “Going Out of Business”, “For Lease” and “Tenant Relocating” notices.3/50 project logo, used with permission

That’s why I love the idea of the 3/50 project.  It’s a program designed to support  local economies and independently owned businesses, and believe me – they need our support.  Business continues to be slow on my favorite streets in Sellwood and Westmoreland.   I stop in periodically to talk with a few of the business owners with whom I’ve become friends. I’d miss all of them if they had to close up shop, and I know if not true for them in particular, it is not a farfetched possibility for some in the neighborhood.

The 3/50 project asks each of us to think about three independently owned businesses that we’d miss if they were gone.

Burdigala Open Sign c2009 Alexsandra StewartThat’s not hard – the wine shop, the gift boutique, the flower shop,  the great place to run in and grab a prepared and lovely meal, are just a few I’d miss terribly.

The project suggests we stop in, say hi, chat a minute and pick up a little something that will make someone smile.  It’s our contributions that keep those businesses going!

Think about the project’s brochure statement: “If just half of the employed U.S. population spent $50 each month in independently owned businesses, their purchases would generate more than $42.6 billion in revenue.*” They go on to ask, “Imagine the positive impact if ¾ of the employed population did that?”

While imagining that outcome is exciting, I found this even more exciting, and interesting: “For every $100 spent in independently owned stores, $68 returns to the community through taxes, payroll and other expenditures. If you spend that in a national chain, only $43 stays here. Spend it online and nothing comes home.”  Wow! Let's keep it at home as much as possible!

Here's how the 3/50 project works:  Pick 3. Spend 50. Save your local economy. 

It only takes one person to start a trend, a movement. Could you get a bottle of wine from the neighborhood wine shop – once a month? Could you pick up two boxes of note cards from the little card shop down the street? (You know you want to send more cards to your friends and clients!) - once a month? Could you pick up a plant or bouquet for a pop-by – once a month?  I’ll bet that’s $50 or close to it!  And close may count – the merchants tell me that small sales do add up.

The 3/50 project’s tag line: “Saving the brick and mortars our nation is built on.”  Wouldn’t it be great to be a part of that? I love the idea that we can make a difference by doing the things we normally do, just by doing them a bit more intentionally!Store For Sale sign, Public Domain Pictures, used with permisison

Let's stop the proliferation of going out of business sale signs!

*Employment statistics courtesy U.S. Department of Labor/Bureau of Labor Statistics. 2/6/2009 as quoted on the 3/50 project web site.

For Lease and Entire Store for Sale photos from Public Domain Pictures, used with permisison.

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Carol Hanson Sheehy
Prudential Florida Realty - Naples, FL

You are so right!  We need to support local businesses!  Well said! 

Aug 06, 2009 11:07 PM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Carol -- thanks -- and if we all pitch in -- we can make a huge difference!

Aug 07, 2009 03:46 AM
Martha Brown
Long & Foster Real Estate, Inc., Annapolis MD 21403 - Annapolis, MD
Your Homes Around Annapolis Agent

Alexsandra- Wow-- I missed this back when you wrote it and i think it is a wonderful idea. I had not heard about it at all. makes sense. Wonderful, wonderful. I am going to check this out AND spread the word. :)

Aug 20, 2009 02:15 AM
Jen Bowman
Keller Williams on the Water - Holmes Beach, FL
Realtor - Anna Maria Island & Bradenton FL

Alexsandra, I love this idea. We try to support our local businesses. They add so much to our communities. By the way, the statistics are very interesting.

Aug 20, 2009 05:40 AM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Martha -  Hope you find some places in your community that you'll be able to support. And apreading the word is what it's all about. 

Jen - I really agreed, It's a great idea. The statisitcs were amazing to me.  Their web site has more interesting info.

Aug 20, 2009 08:00 PM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Wonderful idea, Alexsandra! Just this last weekend, Bob and I have practically contributed one year's worth by supporting our local wineries and restaurants! :)

Leilani

Sep 21, 2009 07:08 PM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Leilani - great job! and you had a fabulous time too I'll bet!

Sep 22, 2009 02:36 PM