Vinsure supports a variety of local organisations in the Paarl area. We understand how important it is to give back and contribute to a resilient supply chain, subsequently helping to stimulate the local and national economy. We support local, are you?
Here are 10 reasons you too, should support local businesses.
As a community, we should preserve our one-of-a-kind businesses, each with their own unique character, adding to the Paarl flair that attracts so many tourists from all over the country and the world.
Locally owned businesses build strong communities by sustaining vibrant town centres, linking neighbours in a web of economic and social relationships.
Keeping the moola in the local economy
Compared to chain stores, locally owned business recycles a much larger share of their revenue back into the local economy, enriching the whole community.
When it comes to doing business, people tend to choose a company where they believe they will get the best value for their money and time. When an entrepreneur has made a significant personal financial investment in their own company, it is in their best interest to provide the best service…so let’s support them.
Entrepreneurship fuels South Africa’s economic innovation and prosperity and serves as a key means for families to move out of low-wage jobs and into the middle class.
A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
Local businesses that are growing, supporting each other, and reinvesting their money locally, are contributing to the success of their communities. When the community thrives, more jobs are created, wages and benefits can improve, and people are attracted to live and work in the area. This contributes to reducing poverty and improving the quality of life of the residents.
For a small business to be successful it needs to recognise a gap in the market, and this means selling a product or service where there is a need in their community. Local businesses often produce distinctive regional and cultural products, and this helps to keep their community and the country unique. Product value also increases as the product is recognised as something special and different.
A local business owner who uses local suppliers will usually pay less for products and services as their transportation costs are reduced. With a healthy competition between service providers for this business, it should improve the quality, reliability and affordability of the products or services.
Local is “lekker”
When a person buys a proudly South African product it goes beyond simple convenience. They are supporting and developing small businesses, which transform local economies by providing increased job opportunities. More jobs boost the economy, tackle poverty, and assist in securing the future of the country, making local much more than just lekker.
We support local businesses, so should you!