On November 1, 2017, Rea & Associates and the Walthall CPA Group announced that the two firms have merged – so we’d like to give a warm welcome to the Walthall team, your family, your friends, your advisors, and your clients from all the folks here at unsuitable on Rea Radio.
To celebrate our community getting a little bigger, we’re discussing one of the backbones of every community: locally-owned businesses. They drive our economies, support our infrastructure, and promote the entrepreneurial spirit. We are honored to have one of these wonderful small business owners as a guest on this episode, Tom Warne, owner of Donald’s Donuts in Zanesville, Ohio.
We discuss the role his business plays in the local community, and why supporting businesses like his is so important. Why buying locally matters, by the numbers: The American Independent Business Alliance reports on the multiplier effect of supporting local businesses, and multiple studies indicate that “independent retailers return more than three times as much money per dollar of sales than chain competitors.” It’s even more dramatic when compared to online retailers, who contribute almost nothing to local economies beyond a single delivery.
If you are a business owner, or just live in a community you want to see thrive, you will be interested in these other topics discussed in the show:
- How shopping locally reinforces the local economy.
- The hardest business issue faced by local business owners.
- The biggest challenges on the horizon for local business owners.
If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.
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more resources for businesses
What’s Mine Is Your…- The sharing economy brings with it some financial considerations. There are tax issues that you should be aware of if you are part of this newer economy.
Help Your Business Survive and Thrive- How often do you check the health of your business? It’s important to check these areas to make sure your business can survive and thrive into the future.
Tax-Free Stock Option Exists For Some Small Businesses- There’s a little known stock option available to small businesses. This can mean big tax savings for you and your business. Read on to learn more about this option.
Go Back to Basics to be Prepared for Anything- It’s time to take preparation seriously with your business. Being ready for anything that lies ahead will keep you successful in uncertain times. Keep reading to learn more.
official transcript
Click here to read the official transcript for episode 108, “The Importance of Supporting Locally-Owned Businesses (Every Day of the Year).”