How Supporting Your Local Businesses Can Improve Your Community

June 26, 2018  By Christine Nguyen

Bigger businesses dominate the market, there’s no doubt about that. But it’s the small, local businesses that keep our community’s economy moving in the right direction. According to the Small Business Administration (SBA), small businesses are a valuable asset to local communities because they have been known to drive economic growth in smaller geographic areas. These type of businesses also provide economic stability and produce a sustainable community by keeping the money flow in the local market. A small business can contribute to their local economy by bringing growth and innovation to their community in many different ways.

Small businesses can help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations. They see the potential in these people and will hire them, which in turn boosts the morale of the community. For instance, if an individual was running an electrical wiring service, they’d want to hire capable employees they undoubtedly need to help contribute to the business. This leaves for a more personable approach to hiring, seeing as how smaller businesses have a more “down-to-earth” environment in which the owner(s), or higher management, are more closely involved with employees, hiring, and the work process. In turn, this could lead to better understanding and better relations in the work environment.

Many small businesses possess the ability to adapt quickly to changing economic climates on a social level. This is because small businesses are often very customer-oriented. Many local customers would usually remain loyal to their favorite small businesses, even in the middle of a bad economic climate. This type of loyalty allows small businesses to stay afloat during their tough times as well, which can also strengthen the local economy. Customer loyalty can benefit the community as well. When consumers frequent and support their local small businesses, they are essentially keeping the money flowing within their district. Business tax money will then be used to support local police and fire departments, as well as schools.

As a small business owner, are you active in your local chamber of commerce? Studies done by The Schapiro Group, Inc. show that by involving yourself with your Chamber of Commerce, you can increase customer favorability by 44% and increase the likelihood of future patronage by 64%. The Chamber of Commerce is also a great resource for information about local economic trends and policies. It’s a place for business owners to swap ideas and to help give chamber members a competitive edge in their market. We, at EezyBee, encourage you to work with others to build and encourage a healthy network of small businesses.

In fact, small businesses are what we’re all about. EezyBee is a community-driven online platform that connects local service providers with service seekers based on their geographic location. From getting hired to receiving payment for completed services, EezyBee provides an all-inclusive means for individuals to kickstart their own businesses at no cost with little risk (or commitment) involved. It’s not just about making money, we’re interested in supporting small businesses and in creating a happier and healthier community overall.

In order for this to work, it needs to be a joint effort. By supporting our local businesses, we can help to contribute toward creating better service, more personable connections, and to support our neighbors in a way that nobody else will.

Christine Nguyen

Christine Nguyen is a content contributor on EezyBee

2 Comments

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admin  Quality Assurance ( Seeker )

Good tutorial.1 year ago

Greg Smith  Operations Strategist ( Provider )

Very nice read, thanks for that!1 year ago