7 Big Reasons Your Small Business Benefits the Community
Small businesses are the backbone of our country. As a small business owner, you help the community in many ways. You create jobs for people, help the economy grow, and even take care of the environment.
It can be tough to compete with big brands but we believe in your success. Here's a little help – here are 7 ways you can make a big difference as a small business in your local community.
1. You Create Job Opportunities
Forbes says small businesses employ 61.6 million people in 2024, almost half of all U.S. workers. Fundera adds that small businesses create 64% of new jobs in the United States. So, small businesses help the community by creating more jobs and giving people chances to work. This is good for a strong economy and a happy community.
2. More Money Circulates Locally
When people support local businesses, the money often stays in the community. Small businesses often hire local services for instance, a local coffee shop may choose a nearby graphic designer. Even when small business owners shop, they usually do it locally, supporting restaurants and retailers. This cycle boosts the local economy, promoting growth.
3. Taxes Stay at Home
Another way small businesses help the community is through taxes. The taxes you pay as a small business, like VAT and local taxes, support community improvements like schools and health care. Unlike taxes paid to big corporations or online shopping, these taxes stay in the local area.
4. You Build Community Identity
Small businesses also represent the community. You mirror the local area, started by local entrepreneurs and run by local workers. You become a picture of the community, shaping its identity.
Imagine strolling in your city's center – the mix of restaurants, coffee shops, and boutiques gives your city a unique feel. They draw in tourists and make locals love where they live. Small businesses are part of the community in a way big corporations aren't.
5. You Engage in Community
Overall, small business owners are more connected to their communities. You often support local charities and other good initiatives. You may also sponsor and organize local events, keeping the community vibrant.
And, as mentioned before, providing jobs for locals is another way small businesses contribute to the community.
6. You Innovate and Expand the Local Marketplace
To stand out, you need to be creative and different from others. Successful business owners are often innovative and have unique ideas. This brings more innovation and growth which makes the marketplace more diverse. Unique offerings from local businesses make the area attractive to tourists, give the community a memorable character, and ensure customers are well-served and happy.
7. You Contribute to The Environment
Surprisingly, your business is good for the environment too. Small businesses benefit the community in many ways.
Firstly, local businesses are often set up in existing buildings. Unlike big companies that get new buildings, this saves green space and avoids using harmful materials. You use what's already there, which is good for the environment.
Also, you often sell locally made or smaller manufacturers' products, which might be environment-friendly.
Lastly, small businesses are usually in community centers where people can walk or cycle. This means fewer people need to drive to reach you, reducing environmental impact.
Dreaming of Starting a Small Business?
If you’ve nodded your head saying “Yes” Terra Alma got you covered. We can help you get the best location at Old Town Lilburn. It has the charm of a local community complete with a local park, events, great food, and an even better residential community. What are we missing?
A local coffee shop, ice cream shop, tutoring space, live music, cuban, breakfast, and whatever other surprises you have up your sleeve. Contact us now to put your business on the map.