Brand Ferland Advisors

Bizimpact

Small businesses represent 95% of all companies yet few recognize the economic effect they have on the local and national economy. Big business conduct expensive economic impact studies for use in   lobbying against regulation or requesting tax breaks. Small enterprises should be appreciated for the jobs they create and boosting tax revenues too.

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Small businesses shy away from economic studies due to the high costs ranging from $15,000 to $20,000. This app will enable small business owners to express the economic impact their individual business brings to the local economy.

Why useful: 

1. tax breaks
    

2. bank loans
    

3. certifications
    

4. bidding
    

5. lobbying
    

6. non-profits going for grants/support
   
   All you need to input are four items (the last three are from your profit & loss report):
    

• years in business

• payroll

• overhead

• cost of goods sold

After the input, the app uses a multiplier (calculates the effect of initial spending that generates re-spending).

The last page reveals the impact of your small business on the economy.  It also has 2 PDFs – summary of your input /results (so you can clear from your phone) or social media version that you on share.