Nearly A Quarter Million Raised In Small Business Lottery
Thirty businesses in Mount Greenwood, Beverly and Morgan Park will all get more than $7,500 to stay afloat during the coronavirus pandemic.
Tim Moran , Patch Staff
CHICAGO — The small business “mega lottery” organized by S&T Provisions Owner Brian Giaretta raised more than a quarter of a million dollars for small businesses in the Mount Greenwood, Beverly and Morgan Park neighborhoods. It also left two lucky winners with $4,500 worth of gift certificates apiece.
Giaretta, in a Facebook Live video on the S&T Facebook page, said Sunday 19,717 tickets were sold at $10 apiece this month and with additional donations the total raised for the 30 participating local businesses came to a little more than $226,000.
The businesses will split the amount raised evenly. That’s more than $7,500 for all of them, and all they had to put up to be part of the raffle was a $300 gift certificate that’s not redeemable until January of 2021. READ MORE: ‘Mega Lottery’ Has $9,000 Worth Of Gift Certificates Up For Grabs
“This money is so generous of you guys,” Giaretta said. “It is literally going to keep these businesses open and their employees paid during this time.”
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During most of April, residents of the 19th Ward and surrounding communities bought raffle tickets online for a chance at one of two $4,500 prizes. Giaretta selected the winners on Facebook Live as well, using an Excel document and Google random number generator to award the grand prizes to Matthew Rafferty and TJ Doherty.
Rafferty will get 15 of the gift certificates and Doherty the other half. With the second number that was picked having been so high and indicative of a recent sale, Giaretta said it was apparent that Doherty had bought his winning ticket the very day of the raffle.
The raffle money will be split to help these 30 businesses: Cork and Kerry, Diggity Dogs, O’Rourke’s Office, Barraco’s Pizza, Bacon and Jam, Shrader’s Goods, Running Excels, Baron’s Shoes, Swanson’s Deli, Chicago Lock Box, Barre It All Fitness, A Relaxed You, All Your Dreams Travel LLC, La Fiesta, Wonderburger, Amplify 7, Hippo’s, Nicole Marie Salon, Lawlor’s Bar, The Plug T-shirt Store, Joseph’s Restaurant and Bar, Scissor Hands Salon, Gyro Grill, Above & Beyond Salon & Spa, Kean Gas Station, La Chic Boutique, South Side Irish Imports, Cutrone Barbershop, Loquacious Culinary Events and Marlo Salon.
This isn’t Giaretta’s first rodeo when it comes to winning tickets that both provoke public interest and help family-run businesses in Mount Greenwood. A neighborhood-wide scavenger hunt last November reached a fever pitch locally, with one Mount Greenwood neighborhood woman winning $2,000 after finding a “golden ticket,” hidden in a cemetery, that was sought by thousands of people for weeks.Nearly A Quarter Million Raised In Small Business Lottery – Beverly-MtGreenwood, IL – Thirty businesses in Mount Greenwood, Beverly and Morgan Park will all get more than $7,500 to stay afloat during the coronavirus pandemic.
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Why Starting a Business Beats Winning a Lottery
When I was 20 years old and investing every penny I could find into my summer businesses, one of my friends begged me to buy a lottery ticket she was selling to benefit the American Cancer Society. I told her that I don’t buy lottery tickets, and that they aren’t a good investment. She said she had already told her boss at her day job that she had sold all of her tickets, and if it was found out that she didn’t she said she would get fired. Begrudgingly, I bought the $1 lottery ticket just to help her out.
One week later, a representative of the American Cancer Society called me, told me I had won the raffle, and asked me to set a time when could I come pick up the grand prize of a small sailboat. The boat was worth $600, a 600-fold return on my investment of $1.
This lottery was a great win for me. However, I have found that a successful small business can have much higher return than even a winning lottery ticket. I started Adams Media Corporation, a book publishing business, with about $2,000 and sold for it for $40 million, a 20,000-fold return.
Your Best Bet for Making Money Is a Small Business
Today, running a small business is your best bet for making lots of money. In fact, the odds of becoming a multi-millionaire by running your own business are much better than your odds of making it anywhere near the top of the corporate job world.
If you make some of the right choices and work hard, how successful can you make your small business? Probably a lot more successful than you think. There are many very small, even one-person businesses where the owner makes more money than all but the very top executives at the largest corporations.
It’s probably a lot easier than you may think to succeed with your own small business. It’s also a good deal less “chancy” than entering raffles and lotteries.
The Biggest Rewards in Running a Small Business
You might be surprised to find that the real satisfaction in running a small business doesn’t lie in the monetary rewards. The real satisfaction is more likely to come from such intangible factors as:
- The constant stimulation of tackling endless challenges;
- The feeling of pride in the fine workmanship involved in building great products;
- Delivering great services;
- The satisfaction in fulfilling customers’ needs;
- The sense of fulfillment in providing employment and career growth for those who work for you;
- The gratification of being in control of your own destiny;
- The pride in making a highly tangible contribution to society;
- The thrill of achieving success.
You will never get those more meaningful satisfactions from getting lucky in the lottery. I’ve won a lottery and I’ve won at small business. Winning at small business is a heck of a lot more rewarding.Entrepreneur Bob Adams explains why you have better odds at making a million dollars by starting your own business than trying your luck at the lottery. ]]>