6 Ways Business Helps the Community
Small businesses have become the core of local communities.
They are small scale businesses operated by local farmers, professionals, craftsmen and other service providers.
The immense contribution they make to the growth and well-being of these communities should not be under looked.
Below are numerous ways through which small businesses help the local community
Small businesses help the local community
Creating local jobs
There is no better way of supporting your family, friends and neighbors to establish a small business in your town.
These people do not have to travel far to look for jobs.They work closer to home which in turn makes them more fulfilled.
The best part is to money just circulates within the city and greatly boosts the local economy.
Gives the community its unique identity
Every community has its own unique identity. Most of the time this identity is derived from the economic activities that society is famous for.
Some communities are famous for good and fresh farm products, others for good art work and so on.
This identity is maintained when the small businesses decide to operate locally. For example one of your best farmers decide to have a shop locally instead of directly selling his products to giant retailers.
Boosts the economy of the local community
Small businesses increases the level of taxation for a local community and ensures the money remains in that society.
In addition to that it also decreases the poverty levels as more people move to become entrepreneurs as others also get employed.
This effectively substitutes low wage income and transforms the community to a middle class society.
Local entrepreneurs also buy locally and thus pumps back most or all of their profit into the local community.
Increase in local charities or donations
This is a way of giving back to the community that has nurtured and given them an enabling environment.
Through these charities the community gets more social amenities put up.
Schools and health facilities are also developed thereby improving the overall lifestyle of community members.
Owners of small businesses have also been very instrumental in ensuring orphaned and vulnerable children get access to education.
Providing training and apprenticeship opportunities
Small businesses provide an opportunity for the youth to learn a trade and skill. These skills are in turn used to work in the community.
It is a golden initiative because some of these individuals may not have the money to pay for college.
For instance a local craftsman can provide training to interested youths and later offer them employment or give them funds to start their own businesses.
A wide variety of products for the locals
If small businesses are supported and more established through training and apprenticeship then the community will be extremely satisfied.
There will be a variety of products to choose from. Everything will be available, whether you desire something from the farm, manufacturing or fashion industries you are sure to get it.
In terms of food products it’s even better if they are manufactured locally. This ensures they are fresh and have no preservatives.
A local community that supports small businesses amasses so much money and talent.
Such a community makes its people confident and proud of themselves because they can produce, sell, buy and invest.
They love one another and ensures children get education, professionals get employment, entrepreneurs emerge and their economy grows.
The local government should therefore provide an enabling environment that is secure and loaded with infrastructure.…