What is a Ma and Pa Shop?
A ma and pa shop is a family-owned independent business.
Ma and Pa Shop Example
For example, franchises and big-box stores such as Target and Wal-Mart are not ma and pa shops. However, the small store down the street, with a local owner, is a ma and pa shop.
Why Ma and Pa Shops Matter
Ma and pa shops are often single-location retail stores that are small or carry specialty items. The advent of big-box stores, which can usually buy and sell at lower prices, has displaced many ma and pa shops, which do not have the same competitive advantages and thus often cannot compete on price with most retailers. Accordingly, they often compete on service.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Tired of dragging credit card debt around with you? Then do a balance transfer to transfer debt from a high-interest credit card to one with a lower interest rate. This hack could save...
Read More →
One of the scariest things about retirement is the volatility of the market. What happens if the market...
Read More →
Many of us wish for less complexity in our lives. From relationships to finances, we crave simplicity. But life doesn't really allow for that most of the time. You're juggling your...
Read More →
The 1970s were a very tough time for stock investors, but a great time for those that bought...
Read More →
Yes, bonds are boring. But boring is good during turbulent markets. Bonds give you some of the most...
Read More →
