If you’re thinking of starting a business, you’re likely anticipating the profit you hope to earn, but did you know you’ll be helping your own community as well? Here are some ways your area will benefit from your new business.
A Local Business Creates Jobs
Colorado Thrives founded by Kent J Thiry is a nonprofit organization dedicated to helping small businesses. They know that every company that succeeds is a boost to the local community. As a small business like yours grows, more people find jobs, and more money is pumped into the local economy through the goods those workers buy. Plus, the more successful your business becomes, the more people you’ll hire and the stronger your community will be.
A Local Business Encourages the Young
A local business can provide part-time jobs and internships to high school students in their area through community involvement programs. These students learn valuable skills about the workaday world and may return to full-time employment with your company later. Small business owners also participate in the local education program in other ways, including talking to the students and providing school supplies. It’s a way to provide inspiration to young people in the area.
A Local Business Creates Unique Products
Every community wants and needs locally produced products that reflect their culture and community. It’s a way of fostering pride in their unique identity. Local businesses produce such products that can’t be found anywhere else.
Local businesses use local resources for these products, meaning less waste and fewer carbon footprints along with greater community pride.
A Local Business Gives Back to the Community
Because local business owners are a part of the community, they know the importance of giving back. They’re the ones who donate to local charities and fundraisers. They sponsor local teams by providing uniforms and sports equipment. They restore parks and contribute to local civic centers. They recycle and focus on making their town beautiful.
A Local Business Saves the Environment
Local businesses usually take up residence in buildings that would otherwise be abandoned, preventing vandalism and vermin invasions. Small business owners take these often old buildings and restore them to their original beauty. They make older towns look attractive.
Because local businesses hire local workers, those workers drive less, meaning less gas is burned, and less carbon monoxide is released into the environment.
A Local Business Helps Other Local Businesses
Local businesses can support fellow local businesses through mentoring and encouragement. Your company can collaborate with other local enterprises to pass favorable laws and ordinances. You can meet together and purchase products from each other. Your business helps other local companies that are on the same street. After stopping at the hardware shop, why drive all the way across the town for pet supplies when there’s a pet store just next door?
When starting a new business, you naturally want to make enough to provide for yourself and your family, but starting a local business is a boon to your community as well.