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Co-op News

When it comes to independence, local businesses lead the way

For Americans everywhere, each July holds a special significance. But for small businesses, it carries an even broader meaning. While so many love Independence Day for fireworks and barbecues, the holiday is also an opportunity to reflect on what it means to be independent.

If you operate a small business, you’re a lot like the founding fathers (It’s true!)

As our nation’s original entrepreneurs, the founding fathers have a lot in common with modern small business owners, including a shared goal: freedom and opportunity. Just like members of our network – they took a risk to create something great (spoiler alert: it paid off).

Way back in 1776, it took 56 business owners – including merchants, farmers, inventors, lawyers, and physicians – to draw a bold line in the sand together with 56 signatures (of varying sizes). Since then, America has become a powerhouse of innovation and a beacon of opportunity. All thanks to coming together – cooperatively and independently.

To this day, members of our network do the very same thing by coming together to create the scale and momentum to make a difference.  As 2020 continues to provide members with new challenges to overcome, don’t forget that Independent businesses like yours keep that uniquely American entrepreneurial spirit alive.

Making an impact: from local to national

Famous for his large signature on the declaration of independence – John Hancock knew well what kind of impact local businesses could have on a nation.  Many years later, he was right. Here’s just a small glimpse at how local businesses like yours have an impact. 

  • A cornerstone of the economy: Last year, small businesses generated 44 percent of U.S. economic activity
  • A truly local impact: for every dollar spent locally, over 66 cents stay local. Many times over, that adds up to create vibrant main streets, stronger communities, better schools, and a community impact that your large, corporate competitors simply can’t match.
  • Putting America to work: in 2019, the Small Business Administration reported that small businesses employ over 47% of the private workforce
“The more people who own little businesses of their own, the safer our country will be, and the better off its cities and towns; for the people who have a stake in their country and their community are its best citizens.”
John Hancock
Merchant, statesman, patriot, founding father (and proud of his signature)

After signing the Declaration of Independence, John Adams quipped that the process was like “getting thirteen clocks to strike at the same instant” – do you ever feel like operating your business is just as challenging?

The Co-op is here to help

Our network is a united body of independent bike dealers, creating the scale & tools to streamline how you manage, operate, and grow your business
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