global competition

Living in a small town, I hear too often about the effects of large corporations like WalMart and their effect on the traditional "Mom and Pop" type stores. When it comes down to it, the small business owner just cannot compete with the super-efficient operating costs of these huge corporations. They end up getting creamed in their own market when these large companies move into town.

So what about the internet? How is global competition affecting our traditional small business owners? That's a difficult question to find an answer. One one hand, you've got small business owners making more money on the internet than they could make with a brick and mortar store, and the overhead is non-existent. On the other hand, you either have to be very loyal to your local bank or their employees would have to be awfully nice in order for you to look past all of the banking opportunities available on the internet.

For example, you could visit an internet-based site featuring really cheap loans, like this one called Nice Loans was listed at PPP, and get immediate answers to all of your loan questions. If you were back home at your local bank, you'd likely be stuck in line, and then you'd be sitting with someone trying to explain what type of loan or account you were looking for. It's a rare occasion that they hand you all of their information, and then allow you the time to make your own decisions. That is the advantage of the internet. Surf on by at midnight in your underwear if you'd like, check out the deals that can be had. Sites like NiceLoans offer information and helpful tools like loan calculators and you never have to leave the comfort of your own home.