Online shopping has completely disrupted local retail. The correlation between 2019 marking the biggest year yet for retail store closures and the rise of online shopping is undeniable. Four years ago, just 7.4% of all retail sales were online, but in 2019 that number doubled to 14.1%. It is estimated that in four more years, 22% of retail sales will come from online channels (Statista). And by … [Read more...] about The Future of Retail is Online and Small Businesses Can’t Afford to Ignore It Any Longer
Community Resources
The Impact of Small Businesses in Denver
Small businesses are thriving in Denver like nowhere else in the country, and it is changing the city and the entire state of Colorado. The surge of small and independent businesses in recent years in Denver has had an impact in a number of ways, and these are just some of them. Economy The economy, one of the most important factors in the health of a city, in Denver has been greatly aided by … [Read more...] about The Impact of Small Businesses in Denver
How to Determine the Impact of a Small Business on its Community
A small business makes many types of impacts on the community. Their annual revenue is just one aspect of how a small business is evaluated. Keep these four other tips in mind when measuring how a small business impacts its community. Consider Community Involvement A small business that provides value needs to integrate and involve itself in the community. For some businesses, that might mean … [Read more...] about How to Determine the Impact of a Small Business on its Community
How Small Business Development Forms the Cornerstone of Communities
Small business development forms a cornerstone of communities by creating an ecosystem, creating local jobs, and lifting the community. It's About Creating an Ecosystem Small businesses are an essential part of turning a community into an immersive dynamic ecosystem. A business ecosystem is like a biological community in the way that each business influences the quality of neighboring … [Read more...] about How Small Business Development Forms the Cornerstone of Communities
