Buying from a small business is a great way to support local entrepreneurs, businesses, and communities. It’s no secret that small businesses are the backbone of the economy, contributing to job creation, local tax revenue, and building vibrant communities. But what happens when you buy from a small business? What are the benefits? In this article, we’ll answer those questions and more, so you can make an informed decision when you shop small.

What Happens When You Buy From a Small Business?

When you buy from a small business, your purchase – no matter how big or small – means a great deal. This means that you are much more likely to receive a personalized experience and excellent customer service. Small business owners can offer you more personalized advice about products and services and are more likely to remember you and your personal preferences. Plus, when you buy a product that was made in the US, you are supporting the jobs of other Americans. Over time, that will help create even more jobs at home.

In addition, buying from a small business supports local communities in a variety of ways. Small businesses often give back to their communities by donating to local causes, offering internships and job opportunities, and providing goods and services to local families in need. Small businesses also make a major economic impact – according to the Small Business Administration (SBA), small businesses account for 44% of total US economic activity.

6 Big Reasons Why You Should Shop Small Every Day

  • Small businesses give back (more) to your community – Small businesses often give back to their communities in a variety of ways, from providing goods and services to families in need to donating to local causes.
  • Small businesses make a major economic impact – According to the Small Business Administration (SBA), small businesses account for 44% of total US economic activity.
  • You get more personalized customer service – Local business owners can offer you more personalized customer service, as they provide better advice about products and services.
  • You get more bang for your buck – Small businesses often offer discounts or incentives when you buy from them, making it more cost-effective to shop small.
  • You get to be part of something special – When you buy from a small business, an actual person does a little happy dance. We are grateful for each and every single one of our customers!
  • You can shop local – Shopping local helps support your local economy, creates jobs in your community, and keeps your money circulating locally.

As you move forward with buying a business, the seller issues a letter of intent, or LOI, to the buyer when both sides have agreed on a price. This document outlines the terms of the purchase and is the first step of the negotiation process. To learn more about the letter of intent and other important steps in the business purchase process, visit Atlantabusinesses.com – a great resource for answers to your questions about business brokers and about selling a business in Atlanta.

What advantages come from purchasing from small businesses?

Here are some great benefits of supporting small businesses: they give back to the local community, make a major economic impact, provide better customer service, offer greater access to product diversity, and create a sense of community. Plus, you’ll feel good about your decision!

What does purchasing a small business entail?

Acquiring an existing business instead of creating one from the ground up or investing in a business opportunity.

What dangers are associated with purchasing an already established business?

The downsides of starting up a business include unfinished business, liabilities that need to be settled, dependence on loan or investor financing, high legal and accounting costs, customer loyalty to the previous owner and not the company, long-term contracts with potentially unreliable or pricey suppliers, too much inventory, and inadequate personnel.

What should one anticipate when investing in a business?


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Tax returns.

Here are some of the essential documents to review when carrying out due diligence prior to purchasing a business: business licenses and permits, organizational paperwork and proof of good standing, zoning laws, environmental regulations, letter of intent, contracts and leases, business financials, and tax returns.