Ways to support entrepreneurship 

 

There is much evidence that small businesses are vital to the country economy and provide employability to the local people. If you are a business owner yourself, it is important to recognize your competitors however, it can be beneficial to support your local small businesses by subscribing to their services or even collaborating to help each other to stay afloat in the industry. 

 

Hire small businesses 

There are various industries that are available in the market and it is most likely that your business would need some sort of services or products that small business is able to cater. For example, web design, product design, accounting and so forth. 

 

Help boost small businesses on social media

Most of the businesses are active on social media aiming to reach their customers and even possible interested leads to visit their online or physical store. By liking, share and commenting, these simple steps are able to help boost their social media post and account and help to boost their engagement rate. Many would have also benefited from something that is shared by someone else and it gives more credibility than paid advertisements. 

 

Refer new customers to trustworthy small businesses 

You may have a network within your own industry or even a different industry that is looking for the same service as you. Most of the time, you may have already hired the same small business or have paid for the service before and most probably it will be the first thing that comes to mind if the same service is needed. This is when you know that the particular company is a trustworthy one and it does not affect your retention towards them. When a small business company leaves a good impression, it is too good not to be shared! 

 

Encourage collaboration and partnerships among each other

Local small businesses should often collaborate with each other to gain more visibility and exposure to the local society. During the COVID-19 pandemic, small businesses could help in hosting as a drop-off point for food, charity clothing or even funds to provide for the needy. This is a kill two birds with one stone solution as it can help in encouraging the better name of your company in community services and maybe even earn press releases. 

 

Check out Netiquette Software today! Netiquette Software is designed for both business owners and professional accountants, from the business dashboard, invoicing, stock control, bank reconciliation, and even generating annual filings.