The importance of supporting Small Business Saturday

The importance of supporting Small Business Saturday Small businesses account for 98.7 percent of all North Dakota businesses. Small businesses play a vital role in our economy, contributing to job creation, innovation, and community development. They are the backbone of our local communities, providing unique products and services while fostering a sense of identity and character. With the rise of online shopping and big-box retailers, small businesses face numerous challenges in today's market. As consumers, we have the power to support these local enterprises and make a significant impact on their success. One way to do this is by participating in Small Business Saturday, which falls on the Saturday after Thanksgiving. Small Business Saturday was first introduced in 2010 by American Express as a counterpart to Black Friday and Cyber Monday, both of which primarily benefit larger corporations. The initiative aims to encourage shoppers to support local businesses during the holiday season by highlighting the value they bring to our communities. When you choose to shop at small businesses, you are not only supporting the local economy but also creating job opportunities for your neighbors and friends. According to the U.S. Small Business Administration, small businesses have generated 44 percent of all economic activity in the United States and account for 64 percent of new private-sector jobs in the past decade. In addition to job creation, small businesses are also crucial in driving innovation. They often serve as incubators for new ideas and technology, leading to advancements that benefit society as a whole. These innovative small businesses often struggle to compete against larger corporations with more extensive resources. By supporting them, you are fostering creativity and promoting a thriving entrepreneurial ecosystem. Small businesses also contribute to the unique character of our communities. Whether it's a family-owned bakery, a local bookstore, or a neighborhood cafe, these establishments add charm and authenticity to our towns and cities. They are the places where we gather, connect, and build relationships. By supporting small businesses, you are helping to preserve the distinct identity of your community. One common misconception about shopping at small businesses is that they are always more expensive than their larger counterparts. While it is true that prices may differ, there are other significant factors to consider. Small businesses often offer personalized service, expert knowledge, and high-quality products that are not available at chain stores. In many cases, the higher price tag reflects the value and craftsmanship of the goods or services. Here are some practical ways you can support small businesses not only on Small Business Saturday but throughout the year: 1. Shop locally: Make a conscious effort to buy from small, locally-owned businesses. Explore your neighborhood and discover hidden gems that offer unique products and services. 2. Spread the word: Share your positive experiences with small businesses with friends, family, and on social media. Word-of-mouth recommendations are invaluable for small businesses. 3. Attend local events: Participate in fairs, markets, and other community events that highlight small businesses. These events provide an opportunity to meet the owners directly and learn more about their products. 4. Buy gift cards: If you're unsure what to get someone for a birthday or special occasion, consider purchasing a gift card from a local business. It allows the recipient to choose something they love while supporting a small business. 5. Engage with small businesses online: Follow local businesses on social media, leave positive reviews, and engage with their posts. This interaction helps increase their online visibility and attracts more customers. 6. Volunteer: Offer your time and skills to support small businesses. Whether it's helping with a pop-up shop or assisting with marketing initiatives, your contribution can make a real difference. Small Business Saturday is an excellent opportunity to celebrate and support the small businesses that make our communities thrive. By consciously choosing to shop locally, we can all contribute to the growth and success of these vital enterprises. Remember, when you support small businesses, you are investing in the economic, social, and cultural fabric of your community.