Small Business Saturday 2018
Support your local economy ...
POSTED BY JONATHAN VOWLES ON 09/10/2018 @ 8:00AM
What are you doing for Small Business Saturday 2018? If you are a shopper, are you planning on shopping locally? If you are a local business, how will you celebrate the day?
How are you going to support your local economy on Small Business Saturday 2018?
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What is really important is that everyone celebrates Small Business Saturday. Importantly, make sure you do something to support small businesses on Saturday 1st December 2018 because they are vital to Britain's economy and we should all want them to and help them to, succeed.
As a business adviser and accountant to micro, small and medium-sized businesses this is a subject that is really close to my heart. Because the small businesses near you really do make a difference to your local area, and you can really make a difference to those small businesses near you.
"Shop small and local!"
Small businesses are important for several reasons; after all, in the UK there are around 5½ million small businesses! Like all critical business sectors, the 'small' sector both deserves and expects your support. So, on Small Business Saturday please shop small and shop local.
Why are small businesses important? Together they account for 99.3% of all businesses in the UK and, at just under 16m employees, provide 60% of the UK's private sector employment. These are big numbers.
Clearly this means that the health and well-being of this economic sector is vital. Obviously, there is the fundamental reason why we need small businesses: if you don't have them, then you don't have jobs. If you don't have jobs, then you don't have money!
"But small businesses are good for you and your town or region for other reasons!"
Small Businesses, and especially start-ups and growing small businesses, are the growth that fuels the British economy. Not only do they drive growth, but they create local jobs and encourage competition.
Small businesses should be encouraged to flourish in your local area, bringing more choice, more jobs and thus more prosperity to your local region.
Stop buying stuff at the supermarket and go shopping at your local, butcher, baker or grocers. Go have a coffee in an independent coffee shop and buy a magazine or greetings card in your local independent newsagents.
Why? Because local businesses are good for your house price. Research by American Express, amongst others, has shown that if you want your house to be worth more money you should stop driving to the nearest giant shopping centre or supermarket and instead head for your local high street and independent shops.
The research shows that towns with healthy high streets filled with independent shops like butchers, greengrocers, clothes shops, coffee shops, cafes and local markets can add £70,000 to the value of your house! Also, it's just nicer to have a thriving centre in your nearest small town.
TV Property Expert Kirsty Allsop said, "By shopping locally and supporting local traders, you are investing in your home as well as your high street." So, go out and shop small and local on Small Business Saturday. It will be good for the local economy and good for the value of your house.
"Would you like to know more?"
If you're a small business owner and would like to find out more about Small Business Saturday 2018 then do give me a call on 01234 752 566 or click here to ping me an email and let's see how I can help you.
Until next time ...
More about Jonathan Vowles ...
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.
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