May = Small Business Month
Local Businesses / Small Businesses has a significant contribution to economy. Keep the exact contribution aside, what’s important is they are local, your neighbours & belongs to the local community.
Here are couple of reasons, you should consider a small business and support them.
#DidYouKnow
- Local businesses are more likely to utilize other local businesses such as banks, service providers, and farms.
- For every $100 you spend at local businesses, $68 will stay in the community.
- Independent retailers return more than three times as much money per dollar of sales to the community in which they operate than chain competitors.
- Independent restaurants return more than two times as much money per dollar of sales than national restaurant chains.
Small businesses employ 77 million Americans and accounted for 65% of all new jobs over the past 17 years.
In addition to helping build the local economy, there are also notable intangible benefits that come from supporting businesses in your local community.
- Local businesses are owned and operated by your neighbours! They care about and are invested in the well-being of your community and its future.
- Local businesses are more accountable to their local communities and donate more money to non-profits.
- Supporting local businesses is good for the environment because they often have a smaller carbon footprint than larger companies.
It isn’t always the easiest or most convenient option to visit a local independent business rather than a large national chain that might be down the street.
- Try the menu at a local restaurant for lunch or dinner
- Purchase a birthday present at a local gift shop
- Join a local gym
- Visit a local nursery or hardware store for your lawn and garden needs
- Get your car serviced at a local mechanic
- Visit local flee market for your veggies and more
- Recommend a small business to a friend
- Given positive review, it will help them get confidence to come online and explore possibilities
So the next time you need to run out for some groceries or do a little shopping, seek out a local business and see what they have to offer!
You could discover some great products and services while helping to build a strong and successful community around you.