The Benefits Of Supporting Small Businesses

Small businesses
Small business is the engine of the U.S. economy.

As you may know, the Saturday after Black Friday is considered to be Small Business Saturday“. This day was created to celebrate and support small businesses and all they do for their local communities. With this said, it is important to remember that many of these businesses are still recovering from the negative impacts from the pandemic and subsequent restrictions that came along with it. Not to mention, small businesses are the backbone of our economy. They create jobs, provide unique products and services, and contribute to the vibrancy of our communities. When you support locally-owned businesses, you are not only investing in your local economy, but you are also getting access to personalized service, high-quality products, and a sense of community. In the end, supporting local small businesses is a win-win for your community and your wallet.

Benefits of supporting small businesses

  • Stimulate the local economy: When you shop at a locally-owned business, your money is more likely to stay in the community. This is because local businesses typically reinvest a larger percentage of their profits back into the local economy.
  • Create jobs: Small businesses are the job creators of our economy. They employ half of the private workforce in the United States.
  • Get personalized service: Small businesses are known for their personalized service. They take the time to get to know their customers and understand their needs.
  • Find unique products and services: Local stores and vendors often offer unique products and services that you won’t find at big-box stores. This is because they are not afraid to take risks and try new things.
  • Contribute to your community: These companies are often involved in their communities. They sponsor local events or youth sports teams, donate to local charities, and support local schools.

Ways to support local small businesses

  • Shop at local businesses: This is the most obvious way to support small businesses. Make an effort to shop at local stores and restaurants whenever possible.
  • Write online reviews: Positive online reviews can help small businesses attract new customers. In addition to writing reviews on the business’ website, you can also consider posting reviews on social media or various third-party sites.
  • Spread the word: Tell your friends and family about your favorite local companies or vendors.
  • Volunteer your time: Many small businesses could use help with marketing, accounting, or other tasks. Volunteer your time to help a small business in your community.
  • Shop online: Many small businesses now have online stores. You can support your favorite small businesses from the comfort of your own home.

Summary

As mentioned previously, small businesses are the biggest driver of our economy. In addition to supporting your local economy, shopping locally can also reduce your carbon footprint. At the national level, this translates to 1 billion metric tons of less carbon dioxide produced each year.

Below are some additional resources that you may find helpful:

At Live South Florida Realty, Inc, we are not only a local small business but we are also owned and operated by South Florida natives. In addition to supporting a local small business, you will also be sure that nobody knows the South Florida market better!

Are you thinking about buying or selling a home in South Florida? Supporting your local small business and contact Natasha at Live South Florida Realty, Inc. today! Also, be sure to download our free Florida Home Search app for your smartphone or tablet.

By natasha moore

REALTOR® with Live South Florida Realty, Inc.