Independent Business Headwinds
The biggest challenge facing aging ownership.
Succession Planning
Supplier invoices member directly and member pays the supplier directly.
Direct Bill
Of the 16 service offerings profiled in the NCBA Purchasing Co-op and Group survey, this offering was the only one offered by 100% of participants.
Annual Conference.
This company initially began as a DVD rental service.
Netflix
Made with bourbon, bitters, simple syrup, served with an orange peel, and sometimes it is even smoked.... or a Board Director who uses every single recommended procedure in Robert's Rules of Order.
Old Fashioned
From 1998 through 2014 small businessess share of this macro-economic indicator of economic output fell from 48.0% to 43.5%.
Gross Domestic Product (GDP)
Supplier invoices the co-op or group, the co-op or group pays the supplier.
Central Bill
87.2%
Median share of supplier dollars received by members that were earned through the co-op or group.
This sports network launched on September 7, 1979, from an office space rented in Plainville, Connecticut.
ESPN
Made with vodka or gin and a whisper of dry vermouth. Those who love this cocktail have a very specific preparation preference. Double points to those who like it "dirty".
Martini
Prior to 1996, these types of businessess employed more people than their larger counterparts.
Small Businessess (fewer than 250 employees)
Supplier invoices the member, the co-op or group pays the supplier.
Central Pay
~$40 billion dollars.
Estimated sales volume of the members represented by the 10 groups that participated in last year's survey.
This the longest-running scripted show in T.V. history.
The Simpsons
Made with vodka, orange liqueur, lime juice and a splash or cranberry juice. This cocktail was made popular by a tv show based in NYC from 1998-2004. If you are going to make it your org's official beverage, best to do that in your policies and procedures...or have the most interesting bylaws vote ever!
Cosmo or Cosmopolitan
Brands such as Warby Parker, Casper, and the Dollar Shave Club are skipping traditional distribution and retail in this "new" sales model.
Direct to Consumer (or DTC)
This type of purchasing organization is owned by private shareholders, which often includes outside investors.
Buy Group
Survey participants were split 50/50 between those who return a Higher Rebate and those who return a Lower Rebate (as a % of rebates earned). Member companies purchased 36% more through the co-op or group with this business model.
Lower Rebate / Higher Service
In a very controversial move for 2021...new movies are being streamed on this platform on the same day they are being opened in theaters.
HBO Max
(will also accept Disney+)
Time to take your medicine! Made with scotch, honey, lemon juice, and ginger this cocktail was created in NYC in 2005 by mixologist Sam Ross from Milk and Honey which closed in 2012. Attaboy opened a year later and serves this same beverage.
Penicillin
Top challenge facing independent business owners, today.
Filling Open Positions (according to a recent survey by NFIB, 44% of small business report job openings they can't fill)
This type of purchasing organization is owned by it's members.
Purchasing Cooperative.
Survey participants were split 50/50 between those who return a Higher Rebate and those who return a Lower Rebate (as a % of rebates earned). Member companies grew their sales 4.3X faster in this group.
Lower Rebate / Higher Service
This state is home to the last remaining physical Blockbuster.
Oregon
Created in NYC in 1934 at the St. Regis Hotel's Cole Bar, this vodka based cocktail is a brunch icon. Created by French bartender Fernand Petiot, it was called the Red Snapper. It's common name was deemed too vulgar....though it is a spicy drink!
Bloody Mary