Let’s Support Our Mom & Pops
By Luma Wealth on March 23, 2020
#ShopLocal
Small businesses are vital to our economy, accounting for 44% of economic activity in the U.S.* And, local businesses add value to our communities in many other ways by providing personalized service, contributing to local charities and adding character to our neighborhoods.
However, small businesses and the ‘Mom and Pop’ shops we enjoy frequenting are facing unprecedented economic challenges now and in the weeks and months ahead. What can we do to help?
This Sunday, March 29th, is National Mom and Pop Business Owner’s Day and a reminder that it’s important to shop local. If you are unable to make it into their shops this weekend, there are other ways to help. You can buy gift cards to use in the future or give to friends, hold off on canceling subscription services, and consider delivery options where available. You can also follow local businesses on social media, like their posts and share your positive experiences.
And if you are a woman business owner seeking ways to protect your business, reach out to your Luma Wealth advisor for insights such as leveraging small business loans, identifying insurance solutions for the future, or adjusting your financial plan to address your evolving needs.
Small businesses are the lifeblood of our community and Luma Wealth wants to help business owners succeed. If you are a woman who owns or works for a small business and has wealth planning concerns, please contact your Luma Wealth advisor for guidance.
