Valentine’s Spending, Amazon Domination, and Where to Headquarter?

No Love On Valentine’s Day

This past Valentine’s was not so magical for everyone. While it may be easy to assume that restaurants score big on the holiday where most people make plans to eat out, a lot of owners say the hype does not really impact the bottom line. Despite Americans projected to spend $3.7 billion this year on a night out, Womply, an San Francisco based software company that analyzes credit card data from 26,000 restaurants, claims that Valentine’s is only the 107th best day for sales in the year. Many owners agree as any given weekend night would produce double the revenue of Valentine’s.

Amazon Domination

As Amazon infiltrates and disrupts more and more industries, the latest victim has been small business lending. Amazon lending, a business lending service of Amazon, recently partnered with Bank of America. E-commerce giant Amazon's partnership will help offer loans ranging from $1,000 to $750,000, a way to offer credit to businesses while shielding it from risk, according to CNBC, which reported the development.

Look To The State To Help You Grow

With high profile companies looking to relocate their headquarters, states are pulling out all the stops such as large tax cuts to attract large companies like Amazon, GE, Mass Mutual, Aetna, and more. The rationale behind these moves are that when these companies are situated in your state, they will bring with them economic prosperity in the form of jobs and revenue.

But what about small businesses?

One could argue that instead of one company hiring 50,000 employees, 1000 small businesses could hire 50 employees over the next decade. You could look for benefits in certain states or cities such as Boston. Here is one proposal for why small businesses should headquarter in Boston.