Small businesses are what makes the world go round, in fact with the majority of transactions in Australia taking place between smaller enterprises than larger ones, it should come as no surprise to learn that the government are encouraging the use of local service providers instead of larger ones. Let’s imagine that you’re in need of a plumber for example, did you know that you could actually benefit your country by picking a local service, as opposed to going for a bigger enterprise?
Now, you might be wondering why this option can be so beneficial and the answers might actually surprise you. But why choose an independent local plumber over a bigger organisation? Is it all to do with you saving money?
The first thing that you might notice about hiring a local plumber is that they often charge less than bigger organisations. This is because they will often rely on your custom to keep them in business and as a result, they might be willing to go below the market standards to obtain your cash investment.
It’s not all about your expenses though, in fact your money is just the starting point – one that could go on to help your entire region to reap the rewards of local services.
Supporting local businesses
If you’re in Melbourne then why wouldn’t you want to see your local region thrive? Although your financial input might be minimal, if your friendly local plumber was able to obtain business from a range of customers like you, then they would be far more likely to see a return for their efforts.
They in turn might put their own investments back into Melbourne and over time, the entire region could become an even greater hub for businesses. In fact, this is why the area has become as prominent as it has over the past decade.
Keeping money in the region
By keeping money in the area, it will mean that there will be more to go around for the locals. For example, if you paid $100 AUD for your plumbing services and 19 of your neighbours did the same, the plumber could walk away with an additional $2,000 that month.
If the plumber owned a house in Melbourne and wanted to invest in a conservatory and hired a local construction company, more and more cash would be passed from pillar to post and as long as it stayed in the region – the entire city could thrive. Everything has to start from somewhere and so when hiring a local plumber, you could actually be playing a role in the longevity of your region.
Giving back to those in your area
As mentioned above, if you make a point of hiring a small business belonging to a plumber, then you could be triggering a chain of events that actually come back to benefit you in the long run. Imagine that you hire a plumber, then they hire a contractor for a new porch, then the contractor pays for goods from a local depot and that depot sources its materials from a supplier that works in an office. If you work in that office, your boss will be paying you a wage to do your job.
If you sell more supplies, the materials will be available for the contractor that can provide their service to the plumber, who in turn will be able to use your investment to pay for their porch. It’s all swings and roundabouts and the closer to home that you keep your efforts, the more your entire region could benefit in the grander scheme of things.