Small businesses are the lifeblood of a community. While they may not be the best at what they do, they usually care about their customers and their communities. Big companies can never replace the personal touch of a small business. They help families grow and towns prosper, and allow a single person’s dream to become a reality. Here are just a few of the reasons why we should support our local small businesses:
Boosting another entrepreneur’s network. Small business owners are often the heart and soul of their community. Many work hard to understand their neighbors and their customers. They also play a vital role in the community. When we spend money at small businesses, we help these businesses stay open and generate revenue. In addition to supporting their efforts, we support our local communities. We tend to patronize businesses locally, so we are also helping to create more jobs for our region.
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Small businesses are the lifeblood of our local economy. While they contribute to the national economy, they also make an enormous impact in our communities. In developed economies, small businesses account for between 60 to 75% of total employment and 55% of the national GDP. Furthermore, when we shop at a small business, we are supporting a local business. In many cases, small businesses are owned by local people, which means they support other local businesses and buy their materials and supplies locally.
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