Here’s why you should support local businesses on Small Business Saturdays

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It is no secret that many local businesses have suffered a severe blow during the pandemic. In fact, many have been forced to shut down permanently due to the devastating impact of the economic crisis. This is all the more reason to help the businesses that have survived continue to thrive. Here are some great reasons to pump money into local establishments on Small Business Saturday, which is the following Saturday. Black friday.

1. Small businesses are good for communities

When small businesses thrive, their owners don’t just pocket the money and get started. They tend to put that money back into their businesses by creating jobs. And local jobs are a good thing to have.

2. Small Businesses Can Offer Better Products and Services

When ordering items from a big box store or from a site like Amazon, it can be difficult to know what went into producing those items. But when you buy from a local business, you will often have the opportunity to speak to the owner about sourcing the produce. It can make you shop with more confidence.

Now, one thing to note is that shopping at small businesses can often mean paying more for a given item. But think about the quality you get in return. A $ 20 sweater at a big box store might seem like a better deal than a similar sweater that costs $ 40 at a local boutique – until that $ 20 sweater comes undone after a few months and the one at 40 $ withstands a lot of wear and washing.

Finally, you will often get better customer service from a small business than from a large chain. If you’re returning a product to a large chain and you’re outside the store’s returns window, there’s a good chance you’re out of luck. A big reason for this is that a large chain doesn’t need your business when it makes hundreds of millions of dollars in sales every year. A small business, on the other hand, may be more inclined to work with you in such a situation.

3. Small businesses can help property values ​​improve or stay strong

Communities that have a lot of successful businesses are attractive to potential home buyers. A nice range of local businesses can help house values to improve. On the other hand, when too many businesses close, it sends the message that a given community is not worth investing or buying a home. This could lead to a drop in property values.

It pays to buy locally

If you run out of savings and you’ve already maximized your vacation budget, you shouldn’t go into debt in order to pump money into local businesses. But if you still have your fair share of shopping to do, then it’s worth supporting local establishments as much as you can.

American Express reports that 78% of small businesses say holiday sales will impact their ability to keep their doors open in 2022. By supporting these establishments, you may end up doing your part to help yourself and your community. That’s reason enough to look outside of those big box stores.

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We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the included advertisers. The Ascent does not cover all the offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. American Express is an advertising partner of The Ascent, a Motley Fool company. Maurie backman owns shares of Amazon and American Express. The Motley Fool owns shares and recommends Amazon. The Motley Fool recommends the following options: January 2022 long calls at $ 1,920 on Amazon and January 2022 short calls at $ 1,940 on Amazon. The Motley Fool has a disclosure policy.

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