Saturday, 28 July 2012

Support your local Business

In an age where we are bombarded with thousands of corporate advertisements, it is easy to get lose sight of where are money is going.

It is easy to be attracted to flashy promotions in corporate ads and overlook the value independent businesses provide us, both we have to take into consideration what we gain personally and in our communities.

The disappearance of local businesses leaves a social and economic void that is palpable. We are also seeing the disappearance of products manufacture in our own countries. Economically, this can be disastrous.

History shows that countries that relied in one form of main economy or industry suffer the most when economical crises hit, or even environmental disasters or other crises like war and conflict.

This is because being reliant in one form of economy puts you at risk, be it individually or as a whole country, especially now that economy is Global and its affects can be felt worldwide. In a way, don't put all your eggs in one basket. 

More of us are shopping online, and the numbers keep rising. This has open new opportunities for online traders who get cheap products Made in China from websites like Alibaba, and re-sell for a higher price on sites like Amazon and Ebay.

Many of us also do our grocery shopping online from the usual big chains like Tesco or Asda, but many of products you find at the super market are also Made in China.

Money spent at community-based merchants is multiplied in the local economy, meaning that from each £ spent at a local independent merchant, three or more times as much typically goes back into the local economy compared to a £ spent at chain-owned businesses.

When asked to name our favourite restaurant, cafe, or shop, it’s typically a unique local business. Those businesses define our sense of place, but we often forget their survival depends on our patronage. Local owners, typically have invested much of their life savings in their businesses and take a natural interest in the community’s long-term health.

As consumer, we have the power to change the world with our wallets. We all shop online and by brands, but if each of us make a little effort to buy more products made locally, and go to your local cafe now and then instead of going to Starbucks or Costa, then we begin putting money back at our local communities and create local jobs.

So support your local businesses and keep your community thriving!

original post 28 July 2012
last updated 04 January 2017

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