There’s absolutely nothing ‘small’ about small businesses. In Canada, small businesses are often advertised as the backbone of Canada’s economy. According to Industry Canada, 98.2% of all Canadian companies comprise of small businesses and 69.7% of Canadians work for small businesses as of 2013. It is quite impressive to think how these people are able to put up their own small businesses and how they are able to survive the industry amidst the competition.
Here are some of the reasons why we should continue supporting small businesses:
More Job Opportunities
Based on the data from Industry Canada, a large amount of Canadians are employed in small businesses. This information is enough to believe that small businesses provide a bigger employment chance for most residents.
Unique and Quality Products
Small businesses usually offer unique goods and services. A lot of small businesses sell products that are handmade and the materials used are of high quality. Business owners don’t sell products that are based on a national sales plan. They think about their own interests, and more importantly, the needs of their customers. They are sure to provide a broader range of product choices.
Better Customer Service
Small businesses hire people with a better understanding of the products being sold, and they actually spend a lot of time getting to know their customers. If you shop at a local store, you will experience a great customer service that is difficult to get elsewhere nowadays.
If you buy from an independent, locally-owned business, your money will be used to make purchases from other local businesses and services providers. This continues to strengthen the economic base of a community. If local businesses continue to thrive, the people who live in that community will be less likely to leave and would invest more for the community’s future. Local businesses also require less infrastructure investment – making more efficient use of public services.
Small businesses purchase from other small businesses. This requires less transportation since most local businesses are set up in towns or city centres – as opposed to being in commercialized areas. If there are enough local businesses, there will be less congestion, pollution and habitat loss.
Entrepreneurs and skilled workers are more likely to invest and stay in communities that preserve their unique businesses and distinctive characters. We are in need of these products and services. We want to bring back a time of creativity and prosperity – not just of competition and commercialism.