THE IMPORTANCE OF SUPPORTING LOCAL BUSINESS

By Mikayla Hlatshwayo
The importance of supporting local business picture

• You've all heard the phrase "SUPPORT LOCAL" so many times it's starting to be the slogan for every business - but before you lose your patience, why don't you find out why local businesses need as much support as possible.  

 

 Local businesses are more likely to utilize other local businesses such as banks, service providers, and farms.  For every R1000 you spend at local businesses, R400 will stay in the community.  Independent retailers return more than three times as much money per dollar of sales to the community in which they operate than chain competitors. Independent restaurants return more than two times as much money per dollar of sales than national restaurant chains.  

Small businesses employ people in their neighbourhoods

 

In addition to helping build the local economy, there are also notable intangible benefits that come from supporting businesses in your local community.
 


 

Local businesses are owned and operated by your neighbors!  They care about and are invested in the well-being of your community and its future.
 


 

Local businesses are more accountable to their local communities and donate more money to non-profits.
 

Supporting local businesses is good for the environment because they often have a smaller carbon footprint than larger companies.
 

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