Since the economy took a nose dive in 2008, many small business owners have grown accustomed to the feeling that this is a terrible climate in which to run a successful business – and small businesses are among those being hit the hardest.
These small, family owned and locally operated businesses tend to be disproportionately hurt because of the spread of larger organisations throughout the community, which often offer cheaper, name brand products that ultimately put the smaller guy out of business. While competition between large companies and small businesses is an issue that raises many deep, moral and political questions, the fact remains that in general, the boom in major corporations has left small shops struggling to hold on.
Here are five reasons why supporting your local small businesses can be beneficial to the economy at large:
1. Cheaper is not always better.
2. Cheaper is not always cheaper.
3. Small shops care about you – yes, you the customer.
4. It’s an economically, smart move.
5. They give your local town character and a little buzz.
]]>