Help For Small Business Owners – The coronavirus pandemic has created an existential crisis for America’s local small businesses, the backbone of the nation’s economy. They create most of the nation’s jobs, drive innovation, and shape the character of our communities. Unlike most national retail chains, they tailor their products and services to local needs. Compared to chain retailers, a greater percentage of dollars spent at locally owned businesses stays in the community, creating economic activity that supports schools, parks, first responders and other important community services.
Most small businesses lack credit and capital to weather the coronavirus pandemic. The average small business owner has enough cash to stay open for 27 days. For restaurants, it’s only 16 days; for retail stores, only 19. Weeks and months of closures due to the COVID-19 pandemic will devastate hundreds of thousands of small businesses. Governments, foundations and nonprofits are scrambling to help small businesses survive this crisis, but everyone can help. Here are some things you can do.
Help For Small Business Owners
Buy from local and independent businesses. You can help your favorite small businesses stay afloat by purchasing their products and services. In fact, many small businesses now operate online and over the phone. And by buying locally, you’re not only supporting businesses in your community, but it also means you’ll get your products ordered online faster. Then call them!
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Buy a gift card. You can use them when the business reopens. In the meantime, you’re providing the income you need to keep your business afloat.
Buy more. When you buy a gift card, you can buy it as a birthday gift for a friend.
Delivery order. Restaurants across the country have been quick to make it easier for customers to order food, order it at the curb or have it delivered. Many other small businesses also offer curbside pickup.
Be flexible. Many small businesses are experimenting with new ways to meet the needs of their customers and stay solvent. Whether it’s an online class offered by your favorite yoga studio or a video concierge for phone shopping at your favorite bookstore, give it a try.
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Donate your tickets. If you have tickets to a concert canceled due to the pandemic, donate to an arts organization instead of getting a refund.
Leave a comment. Now is a great time to leave positive reviews for your favorite local businesses on Yelp, Google, Facebook and other social media sites. Not only can this help increase traffic to these businesses, but owners and employees will appreciate the emotional support right now.
Don’t forget the farmers. Farmers’ markets across the country have been closed due to the pandemic, but farmers still have crops and food. Check your local farmers market website for information on how to support farmers and buy their products until the market opens.
Many retail and restaurant workers live paycheck to paycheck. A week or two out of work can put them in serious financial jeopardy.
Small Business Owners Of Ontario
Give better advice than usual. If you’re patronizing a service industry company where employees receive tips, leave a larger tip than usual.
Contribute to charities and community foundations that support employees. Industrial unions quickly rallied to help workers struggling to survive this crisis. For example, the Restaurant Workers Community Foundation has set up a relief fund for restaurant workers, many of whom rely on tips and are particularly vulnerable to the coronavirus pandemic. In addition, state and local organizations are putting together emergency funds for specific types of workers, such as the Boston Art Center’s COVID-19 Artist Assistance Fund.
Encourage local or regional community foundations or community service organizations to provide emergency assistance to displaced workers. If your city has a community fund, call or email to offer to set up an emergency fund for workers who have been marginalized by the coronavirus pandemic. Community service organizations and religious organizations like the Rotary Club, Lions Club, or Kiwanis can also help.
Some communities have organized crowdfunding campaigns to help local small businesses, especially small businesses that are more vulnerable to sudden and acute crises. In some communities, crowdfunding campaigns are focused on specific companies. In other cases, they concentrate all local businesses into a group. If one of your favorite local businesses is struggling, ask them if they have a crowdfunding site and contribute.
Buy Local Text Badge In Support Of Small Business Owners And Farmers. Isolated Vector Artwork 11313206 Vector Art At Vecteezy
Congress, state legislatures, and city and town councils are exploring programs and policies to sustain small businesses. The biggest need for independent local business owners right now is cash flow. Ask local, state, and federal legislators to act quickly to provide grants to small businesses; low-interest or no-interest deferred payment loans; Prohibition of evictions and late payments; estate tax deferral; financial assistance and health care for small business employees. Dozens of cities and towns rushed to create emergency programs to help small businesses cover wages, rent and utilities. Encourage your city and town council to do the same. You can find some examples here.
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Kennedy Smith is a Senior Research Fellow at the Independent Business Initiative at the Institute for Local Self-Employment. Her work focuses on analyzing the threats to independent business and developing policy and program tools that communities can use to address these issues and create prosperous and equitable local economies. Finding ways to support small businesses has always been important, but the pandemic has shown that they are the backbone of our economy, and beyond numbers, these stores, restaurants, and offices make up the fabric of our communities.
Many of the challenges we face due to the coronavirus are changing our routines, whether it’s going to the gym, shopping at a boutique, going to the movies, having dinner, or drinking with friends.
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Most of the time, our gathering places are small businesses. The community members who own them need your help.
We know we are stronger together, so we encourage you to be a source of support during this unprecedented time. Together, we can make a real difference to save small businesses and the jobs they create.
Fortunately, there are some incredibly simple ways to help and support small businesses. Best of all, it can be done at home. From ordering pickup or delivery to making a small donation to benefit employees, we’ll do the following:
Let’s stand together for small businesses. Our communities would not be the same without them. With our continued support, businesses will survive today’s challenges.
Supporting Small Business
Their credit representative is Hannah Snowden. Call him at 619-243-8678 or send him a quick email at hsnowden@ You can also provide your contact information and we will get back to you! A recent visa survey found that 33 percent of small business owners do not see the local community supporting their business during these difficult times.
“Canada’s economy will not recover until small businesses recover,” Visa Canada Country Manager and President Stacey Mudge said in a press release.
“Small businesses are the heart of local communities and have shown tremendous resilience since the onset of COVID-19. The road ahead remains unclear, but today we are focused on creating simple and effective tools that support digital enablement to help small businesses not only survive, but thrive,” he continued.
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According to the results, 77% of SME owners are optimistic about the future of their company.
However, 52% of those surveyed said they were worried their business revenue would never return to pre-pandemic levels, and 38% said they were worried they wouldn’t be able to attract future customers.
In addition, it is estimated that SME owners take an average of 10 months to run their business at full capacity.
Additionally, 76% of Canadians have reduced or stopped using cash when shopping since the pandemic began.
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In addition, 54% of Canadian shoppers believe contactless payment is the most important security measure for store compliance, and 40% say they would not shop at a store that only offers contactless payment. . The holiday season is here! Your support for small businesses is critical during this time. For many of them, that little bit of two months can make all the difference in the world
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