Vava Virtual Assistants


How Small Businesses Benefit Our Economy and Communities

by | Aug 3, 2021

Many communities work hard to support their local businesses. Advocates organize small business shopping days and social media campaigns ask shoppers to #ChooseLocal when they have the chance. Especially since the pandemic rocked the economy, the importance of giving business to local establishments over massive corporations has been emphasized again and again. While there are many advantages of upholding small businesses, one of the main benefits is keeping money circulating in the local economy. This helps communities flourish.

VaVa Virtual was built around assisting entrepreneurs and encouraging small businesses to grow. We’ve seen firsthand how our clients and partners make a difference in their communities every day. Small businesses contribute more than you probably think to our society. From inspiring creativity to fulfilling vital needs, they make our communities stronger. In today’s blog post, we’re highlighting several amazing ways that small businesses improve our local communities.


Career Growth

Entrepreneurs and small businesses benefit the economy by providing local jobs. The experience of working at a small business differs greatly from employment at large corporations. These jobs provide an opportunity for workers who excel in the hardworking and creative atmosphere unique to small businesses.

These environments often promote mentorship and career development in a deeper way than other organizations. An aspiring entrepreneur can gain invaluable knowledge from simply working alongside a small business owner. Apprentices can learn a trade and venture out on their own. In this way, small businesses spur new small businesses. Small businesses also increase the wealth of an area. This, in turn, increases the tax revenue that ensures communities offer essential services and continue to be maintained.


Creativity and Innovation

Small businesses often run on creativity. Artisans and crafters bring their artistry to market as small businesses. This introduces arts and crafts to communities that might not have access otherwise. These types of businesses inspire residents to pursue their own art. They provide new opportunities for families and students. Businesses supporting the arts, like an art supply store or photography business, contribute to the vibrancy of an area. They generate cultural growth.

Creative entrepreneurs also supply communities with novel products and services contributing to diversity in the market. They approach existing problems in new ways and design brand new offerings. New business ideas are often the genesis for technological advancements and scientific evolution. These efforts promote competition and push all businesses to be more creative. Competition accelerates progress and leads to industry growth.


Meeting Needs

Entrepreneurs succeed when they identify gaps in the market. Opportunity exists in the areas that existing business does not serve. This leads small businesses to fill community needs that are not currently being met. Seizing those opportunities is often hugely meaningful to the lives of community members.

For example, urban areas with limited access to affordable and healthy food choices, known as “food deserts,” would be uplifted if a family-owned grocery store were to open its doors. Communities in short supply of learning opportunities like libraries would benefit from a used bookstore. By meeting these needs, small businesses become the backbone of revitalized communities. In a way, small businesses pick up the slack when other areas of society falter.


Feeling of Community

Small businesses help communities feel more like communities. When local businesses have been around for a while, they become embedded in the identity of the community. They become essential to what it means to live in a certain area. Residents are proud to live in towns or cities with unique or memorable businesses.

Small businesses also provide spaces for communities to get together, whether that’s in person or online. They give community members something to rally around, something to brag about. Seeing new businesses pop up is often a reason to be excited. It becomes a topic of conversation. Depending on the business, it might even be an excuse to see friends and family. When community members enter into business, they are wished well and encouraged. This creates a culture of shared support.


Giving Back

Finally, small business owners often feel a responsibility to give back to the communities that welcomed them when they started out. Local charities and nonprofits look to the small business community for backing. That’s why you see small businesses running important initiatives like food drives or fundraising. Small businesses also do what they can to help fellow small business owners. They form partnerships and grow together. Without small businesses, our communities would have less of a structure to depend on when times get hard.

Whether this post gives you a new appreciation for the small businesses in your area or even inspires you to take the leap into owning one, we hope it at least offers a new perspective on the important roles all small businesses play. We’re proud to continue supporting small businesses in the work we do every day.


7 Ways Professional Creatives Find Harmony With a Virtual Assistant

Professional creatives are doubly busy. Whether your business is rooted in photography, design, writing, or some other form of creative expression, you need to maintain inspiration and creative...

Client Spotlight:  Emma Schroeder, Major Traveler

Emma Schroeder of Major Traveler took a chance early on to live her passion of helping people to experience luxury travel and take the trips of their lifetimes. Emma learned to turn her business on...

How a Copywriter Can Help You Create More Meaningful Content

In today’s market, becoming a leader in your industry often depends on publishing informative and engaging content. Your content drives your digital marketing success. You need to continually...

How to Fast Track New Business Growth with Innovative Ideas

Standing out in today’s quick-moving and ever-changing marketplace takes creative thinking—especially if you’re trying to grow a new business. Even if you follow the best tips and proven strategies,...

5 Amazing Benefits of Working For A Virtual Assistant Agency

At VaVa Virtual Assistants, we hire highly-skilled professionals who deserve to get the most out of their experience. Some of our team members will go on to start their own companies or have picked...

6 Ways to Inspire Seamless and Productive Collaboration

Successful collaboration is like putting your team into high gear. You get the most out of each individual member while cultivating a company culture that is satisfying for everyone. It just feels...

5 Traits to Look for in an Outstanding Bookkeeper

Delegating the bookkeeping function offers small business owners freedom in their busy schedules, lowers costs, and ensures that their finances are being handled by someone with expertise. You won’t...

How to Build Strong Community and Culture in a Virtual Work Environment

Dr. Abigail G. Scheg, People & Culture Manager, VaVa Virtual Assistants Cultivating a strong virtual organizational culture requires creativity and some extra effort. Be especially mindful of...

Boost Your Small Business Finances by Outsourcing Your Bookkeeping to an Expert

Small business entrepreneurs like you often start out doing business all on their own. That means you are your own salesperson, marketer, bookkeeper, and much more. Eventually, as your business...

Client Spotlight:  Tulani Thomas, Tutu’s Green World

When Tulani Thomas started Tutu’s Green World, it was like coming home. When she was a child, she remembers everyone called her the “green” one, and now she spends her days connecting youth to...

LET'S Talk!

Our team of experts is available to answer any questions you may have. Simply fill out the form or reach out via phone or email.

VaVa Virtual Assistants - Facebook
VaVa Virtual Assistants - Instagram
VaVa Virtual Assistants - LinkedIn