As a local magazine we love to champion our local businesses, but have you ever thought about the benefits of using local businesses?
Benefits the Local Economy: Local businesses are the backbone of our economy, the epitome of the high street. But what you may not know is that shopping at a local business, rather than a large chain, is actually better for the economy of your community. Research shows that £10 spent with a local independent shop means up to an additional £50 goes back into the local economy. This is simply because the nearby shop owners, who you are spending your money with, will then put that money back into your local community by going into local pubs and restaurants etc, thus circulating the money and allowing your community to thrive.
Creates Local Jobs: Shopping with and investing in local businesses means you can have a very strong and positive effect on the health of the local jobs in your area. Small, local businesses are surprisingly the largest employer of jobs nationally and provide the most local jobs to communities. Helping to grow the number of jobs in your area makes for a better place to live and work which then creates a healthy economy for the community.
Better Customer Service : You can’t beat the personal touch of a local owner who knows everyone in the area. They can offer you a product that is suitable for you, your house and even your area. Building relationships between the local owner and the local customer goes further than just a purchase. It is also worth remembering that local shops stock an inventory based on their own customer’s choices rather than national fashion trends. This is so you can find what you want rather than finding what they want to sell you. Local Incentives: Local governments often provide tax incentives to entice nationally-owned companies to their communities. However, if these corporations are paying less in taxes it means that local residents are paying more. But, when you buy from local companies it lessens individual tax burdens and creates up to 75 per cent more tax revenues for your community.
Better Aftercare: It’s important to know that if anything was to go wrong you have a local company to go to, someone to talk face to face with. Large commercial companies will often provide you with a phone number for their customer service team and make you wait for what seems like an eternity until you get to speak to someone. This simply is not the case with a local business. They will often prefer to meet up face to face, rather than on the phone, and find out exactly how they can help fix the problem.