This year marks the 9th annual Small Business Saturday event where businesses with fewer than 500 employees look to cash in on consumer holiday spending. Well prepared small business owners stand to profit greatly during this event and there are plenty of tips online for maximizing profits. Here we take a more fun route with some of the history and fun facts about Small Business Saturday.
1. “The inaugural Small Business Saturday was created by American Express and took place on the first Saturday after Thanksgiving in 2010.” – Direct Energy
2. “On Twitter, Small Business Saturday is likely to narrow in on 1 million tweets during the holiday season. (The most popular hashtags to use are: #SmallBizSat #ShopSmall and #SmallBusinessSaturday.)” – Sum All
3. “45% of customers plan to spend more on Small Busineses Saturday this year than they spent last year, which is up 38% who intended to spend more last year.” – Forbes
4. “According to the National Federation of Independent Business, for Small Business Saturday in 2015, 95 million customers shopped at small businesses and spent in excess of $16.2 billion. Compared to 2014, spending increased by 14% and number of customers by 8% in 2015.” – Win Calendar
5. “Among those who shopped on the day, 81% reported encouraging friends or family to shop or dine at small, independently-owned retailers and restaurants on the day too.” – Grasshopper
6. “American Express offers free, easy-to-customize marketing materials for your storefront, website, and social media networks. Their Small Business Saturday website provides plenty of related information on how best to prepare for the big day.” – Paychex
7. “55 percent of U.S. consumers reported that they are aware of the day, making this the highest figure yet recorded. Possibly even more exciting, however, is that 83 percent say Small Business Saturday inspires them to Shop Small all year long.” – Forbes
8. “In 2016, according to American Express 112 million consumers shopped and dined to support Small Business Saturday.” – Reach Local
9. “There are 29.6 million small businesses vs. 19,000 large businesses in the US. A small business has 500 or fewer employees. Bonus fact: about 1 in 5 small businesses are family owned.” – Fisher
10. “Circulating money in the same locality helps that community thrive. A strong network of local funds enables individuals and businesses within a community to support each other.” – Forbes
Quikstone Capital has been in business for more than a decade and we’re in it for the long haul. We partner with our merchants to achieve success and their success is a direct reflection on us. Quikstone Capital will never put a merchant in a position to fail under the weight of its own debt. Our product is designed for projects that help a merchant’s business grow and increase sales.
