Big Benefits of Supporting Small Businesses

Big Benefits of Supporting Small Businesses

We all know the importance behind supporting local businesses. Unlike their corporate counterparts, local businesses are often made up of people we actually know, who consistently strive to make an impact on our community. We buy local, eat local and go local, in an effort to support those around us.

If you try to live an altruistic life, you might already be involved with one or more of your favorite nonprofit organizations nearby. But did you know you can also give by supporting small businesses? Here are some hows, whys and benefits of supporting small businesses for your altruistic lifestyle.

1. Strengthen the local economy.
According to Civic Economics, for every dollar spent at an independent business, 3x more money is returned back into the local economy, compared to that spent at a larger chain store. Or, compared to an online retailer, 50x more money is returned. This money is going into the community, helping to strengthen other businesses, people and yes—nonprofit organizations. Because of their extreme reach and exposure, large chain stores and online retailers don’t have the same incentives, reasonings or know-how to invest in smaller communities, meaning the money spent there doesn’t always go back to a good cause. Instead, live a more altruistic lifestyle by supporting local businesses and strengthening the economy in your community.

2. Create more jobs.
With those small businesses comes individuals in need of employment that you can actually influence. According to the Small Business Administration, the current 28 million small business in the U.S. have provided 55% of all jobs and 66% of all new jobs since the 1970s. When you support small businesses, you make a vital difference for people in your community who might be searching for employment. We have little control over large corporations and their hiring decisions. But, with local businesses, we can help boost their budget enough to hire our friends, family or neighbors—people who would probably experience much more competition at a large chain store. This is a pretty altruistic impact.

3. Reduce environmental impact.
Speaking of impact, why not also support the environment on your altruistic journey? Locally-owned businesses often make more local purchases for their products, requiring less transportation and outsourcing. They also typically consume less land and create less traffic and air pollution. All of this leads to less congestion, less habitat loss and less pollution overall. This is a pretty big step. When you support small businesses, you help make a difference in the community near and far by making choices that are environmentally-friendly.

4. Build nonprofit relationships.
Finally, one of the most beautiful things about small businesses is their partnerships with local nonprofits in the community, working together to help people living right down the street from you. Small businesses build strong relationships with charities nearby, helping to create a better community for everyone to enjoy. When you support small businesses with your purchases, you help build up their revenue, which they can in turn use toward nonprofits. If you already plan on making a purchase, choosing to buy from a small business is the best way to ensure your purchase also gives back.

Supporting small businesses is an important part of living an altruistic lifestyle. Not only do they strengthen the local economy and create more jobs, but they also have a lower environmental impact and can build powerful relationships with nonprofits in the community. Next time you have a purchase to make, try to support a small business near you, and give back to the community you love.

Our Customers Say it Best

  • Hexagon Lincoln
    Hexagon Lincoln

    “Hexagon views Continuum EAP as a key business partner and a valued resource for our employee populace. Continuum provides high-quality — and confidential — educational and counseling services for “Team Hexagon.” The professional staff is always available and willing to help at a moment’s notice.”
    - Matt Becker, Human Resources Manager, Hexagon Lincoln

  • NebraskaLand National Bank
    NebraskaLand National Bank

    “Continuum has been such a great benefit for NebraskaLand National Bank. Once a month we offer employees a “Lunch ‘N Learn” where we feature a Continuum HelpNet webinar and provide lunch. We have received great feedback from employees and attendance continues to increase each month.”
    - Stacey Dawkins, Human Resources, NebraskaLand National Bank

  • Lincoln Electric System
    Lincoln Electric System

    “Continuum remains proactive in offering monthly workshops that address what organizations are currently experiencing in today’s work environment. They are also a great resource when wanting to bring customized training on site to address topics relevant to the larger employee population. The Continuum staff has been professional, helpful, cooperative and effective.”
    - Anita Schinstock, Learning & Development, Lincoln Electric System

  • Duncan Aviation

    "We look to Continuum as a strategic partner, in helping our employees cope with stress at work and at home, which leads to improved work performance, decreased absenteeism, and greater workforce retention."
    - Leon Holloway, Team Member Services Manager, Duncan Aviation

  • Assurity Life Insurance
    Assurity Life Insurance

    "Continuum is part of Assurity's high performance culture. Trust has been created for associates who use their services for personal life issues but also for work issues whether they refer themselves or a supervisor refers them. Continuum's expertise demonstrated by all staff aligns to our mission and values and helps associates understand there are resources available for them and their families. The value the Assurity Team receives from Continuum is a measure of performance and risk management. I have worked with them for over 20 years and would choose them over the other two employee assistance programs that I have worked with."
    - Jan Zoucha, Assurity Life Insurance

  • NE State College System
    NE State College System

    "The Nebraska State College System has been very pleased with the services we've received from Continuum. Continuum's experience and expertise have served our employees and College administrators very well. Continuum is extremely responsive and skilled at coaching, consulting, and providing a variety of employee assistance services. In addition, our employee feedback from training sessions has been very positive."
    - Kristen Petersen, General Counsel & Vice Chancellor, NE State College System

Powered by Firespring.org