Buying from a Small Business During The Recession Matters More Than Ever: Here's Why

 | 
January 3, 2023
UPDATED: 
January 3, 2023


During a recession, it is important to support small businesses because they play a vital role in the economy and in the community. When you buy from small businesses, you are directly supporting the owners, employees, and their families. This can have a ripple effect, as the money you spend at small businesses often stays within the community and helps to stimulate local economic growth.

Coffee shop employees

Help Small Businesses Keep Their Employees

One of the main reasons to support small businesses during a recession is that they provide jobs and income for people in the community. Small businesses often hire locally and provide job opportunities for people who may not have access to employment at larger corporations. By supporting small businesses, you are helping to keep the local economy strong and ensuring that there are job opportunities available for people in the community.

Keep your Local Community Thrive

In addition to providing jobs, small businesses also contribute to the unique character and diversity of a community. When you shop at small businesses, you are supporting locally-owned stores that offer unique products and services. These businesses bring character and charm to a community and help to make it a special place to live.

Another reason to support small businesses during a recession is that they often have a more personal touch and provide better customer service. Small business owners often have a vested interest in their customers and are more likely to go the extra mile to ensure that their needs are met. When you shop at a small business, you are more likely to receive personalized service and attention.

In addition to the personal touch and excellent customer service, small businesses also tend to be more responsive to the needs of the community. Because they are locally owned and operated, small businesses often have a better understanding of the needs of the community and can tailor their products and services accordingly. By supporting small businesses, you are helping to ensure that the community has access to the goods and services that it needs.

Supporting small businesses during a recession can also help to boost the local economy. When you buy from small businesses, the money you spend is often reinvested back into the community. This can help to stimulate economic growth and development, which can have a positive impact on the community as a whole.

Make your Town/City More Sustainable

Finally, supporting small businesses during a recession can also be good for the environment. Small businesses are often more sustainable and environmentally-conscious than larger corporations. By supporting small businesses, you are helping to reduce your carbon footprint and support environmentally-friendly practices.

Local flower shop owner

Takeaway

In conclusion, there are many reasons why it is important to support small businesses during a recession. Small businesses provide jobs and income for people in the community, contribute to the unique character and diversity of a community, offer excellent customer service and personalized attention, are responsive to the needs of the community, help to stimulate local economic growth, and are often more sustainable and environmentally-conscious.

By supporting small businesses, you are helping to keep the local economy strong and ensuring that there are job opportunities available for people in the community.





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Author

  • Chuck Parsons

    Chuck is Score LA’s Executive Director of Events and Marketing. He aims to help business owners and would-be entrepreneurs in Los Angeles improve their business practices.

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