The Community Impact of Local Businesses
By Stewart Flemming
Small or micro businesses are becoming the backbone of our communities. They allow families to work around school hours, partner work schedules and the varying commitments of the community.
You can run them from home, visiting your clients or meeting in cafés. They reduce the peak load on our major arterial roads and increase trade where we need it the most, in our own backyard.
Small business also impacts more strongly on local politics, local tax and plays an increasing part in lowering unemployment. According to the ASIC, children who grow up in a business-oriented family tend to have a better handle of financial matters. Recent research from the US shows that children start developing spending habits as early as five years of age, so immersing them in a business environment can have long-term benefits.
So, you have a great business idea but what can you do with it?
For under $100, you can register a business, open a business bank account, register a website and start trading, all usually within a week or two. Of course, there are a few steps in there that could take a little longer, but it has been designed to be cheap and easy because the government wants more businesses.
While starting a business is easy, making a success of it can be much harder. If you are considering starting your own business in Park Ridge, connect with other local business owners. You may not need their product or services or they yours, but you will need support people who have gone through what you will go through. It can cost as little as a cup of coffee for some priceless advice and support.
Also check out Hive West in the Logan West Library. Hive West is a free co-working space, available to registered business members of Logan City Council Libraries. The space is a designed for working, networking and collaboration, and has the information and equipment you need when starting out in business. They also run free training sessions and can show you how to use many software packages on their computers.
Finally, remember the golden rule, serve your customers. Know them and what they want and business will be easy.
Starting your own business might be a challenge, but it can be very rewarding and help the community in ways you might have never considered. It Can help your kids, give you freedom and a lifestyle that ‘employees’ can only dream about.