Welcome to Power HomeBiz Guides!

Home | About Us Contact Us | Site Map | Search

 

 

Starting a Business
Working at Home
Financing a Business
Growing a Business
Managing a Business
Marketing/Promotions
Ecommerce/Internet
Online Marketing
Business Ideas
Leadership/Mgt.

Related Articles


Tips to Cultivate Strategic Alliances
Are You Overlooking Strategic Alliances Because You Call Them Competitors?
Growing a Small Business into a Multi-Million Dollar Venture
Build Your Business Slowly
Strategies for Increasing the Income of Your Home Business

Related Articles


Overcoming Procrastination (and How to Start and Complete Any Project in Five Easy Steps)
Start Optimizing Your Time Now
Procrastination Pointers
Interrupting Interruptions
Managing Multiple Priorities

Recommended Books


Procrastinator's Handbook: Mastering the Art of Doing It Now
The Now Habit : A Strategic Program for Overcoming Procrastination and Enjoying Guilt-Free Play
Procrastination : Why You Do It, What to Do About It
Do It Now! : Break the Procrastination Habit
Living Without Procrastination : How to Stop Postponing Your Life

  Consult Your Guide

Have a question to ask about your business? Seek advice on a variety of business topics from recognized experts. And it's free! Click here.

ab
 
Impact of Neighborhood Quality on Small Business Growth 
Small business owners may be more likely to invest in the growth of their businesses if they see their surrounding neighborhoods thriving as well.

by Isabel M Isidro
Managing Editor 

 

Cities can enhance their economic and social viability by keeping established small businesses from leaving their neighborhoods and encouraging them to invest in their locations. Small business owners may be more likely to invest in the growth of their businesses if they see their surrounding neighborhoods thriving as well. This according to the latest study commissioned by the Research Institute for Small and Emerging Business, Inc. (RISEbusiness).

(article continued below ...)

 

The study, Small Business Development and Neighborhood Quality of Life, examines ways for local governments to enhance the business development of their communities. Authored by William B. Gartner of the University of Southern California, the study suggests that a small business owner’s optimism (or pessimism) about future sales growth significantly affects whether a small business owner undertakes efforts to invest in, or enhance, business operations. “Improving neighborhoods, therefore, can be viewed as a way to stimulate small business investment and growth, which subsequently leads to further improvements by these businesses within their business neighborhoods,” states Gartner. 

The study identified several factors that affect small business owners’ growth expectations. The three major determinants are crime, neighborhood appearance, and transportation accessibility. Local governments need to reduce crime, particularly burglary, robbery, damage to property, drugs and graffiti, to increase small business owners’ optimism about the future of the locality. The upkeep and cleanliness of the neighborhood’s streets, sidewalks and buildings also impacts on small business owners’ expectations of future sales growth.

RISEbusiness President and CEO Mark Schultz noted that, “While the findings may appear to be obvious, the actions required on the part of local governments have not been so apparent. Local governments must do a much better job of operationalizing their community development strategies and of utilizing them as a business development tools – for ‘location, location, location’ has been and continues to be the mantra of businesses hoping to survive and thrive.”

 

Recommended Resources:  Location, Location, Location : How to Select the Best Site for Your Business (Psi Successful Business Library)  (Psi Successful Business Library) by Luigi Salvaneschi, Camille Akin (Editor)

About the Author:

Isabel M Isidro is currently the Managing Editor of Power Homebiz Guides.

All materials contained in this site are the copyrighted property of PowerHomeBiz.com,LLC. To reproduce, republish, upload, post, transmit, modify, distribute or publicly perform or display material from this site, you must first obtain written permission from PowerHomeBiz.com, LLC. You may view and download material from this site for your personal, non-commercial use only.  Contact us for reprint or purchase of this article

 

ab

Special Top Sponsor

Sponsored Links
(Advertisements: Your Link Here)

Subscribe Now!

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Monthly Home Business Alert Newsletter