How Entrepreneurs Influence Their Communities

|
Posted: Apr 02, 2018 9:59 AM
How Entrepreneurs Influence Their Communities

In today’s economy, the development of small businesses in a community can make a difference in the world view of jobs, job market, and business development. Are you self-employed? Or are you a business owner?

Whether you actually drive the economy in your community with your business, or just impact your own personal economic standing in the community, the result can be a huge difference in local influence.

Are you a buyer of products and services?

Do you purchase products or services for your business? Many entrepreneurs start their careers as paperboys. These paper tossing mastodons of yesterday purchases some of the nicest Schwinn Bicycles sold at Coast-to-Coast Stores across the nation. Did you know there were bicycles built specifically for paperboys? These heavy duty newsboy specials were some of the BEST selling bikes of the era.

As a business owner, you probably purchase products and services for your business. It would be highly surprising that you didn’t spend money to support your business in the local community.

Imagine how much income is produced for the United States Postal Service, through invoicing and billing alone?

Do you offer services otherwise unavailable in your community?

Living in small towns across America, many talented individuals offer home-grown products and services. But often those small towns, rural areas, and even suburbs need something a bit more skilled.

Interestingly enough, the services you choose to offer your community should be relevant to what your community needs. Beyond that concept, if you offer services or products in your community that aren’t needed there, you’ll want to find a market, or a way to market your products and services outside your community.

Do you outsource or Export?

These are significantly different, but both work well when working in a small community. If you outsource some of the labor as contracts to companies outside your physical community, you’re pulling in skill sets that improve your ability to provide quality services. If you import or export products, you’re either bringing in products to the community, or sending products your community manufactures. Both can be massively beneficial to your community. The economic boost to a community that learns the benefit of exporting community provided products or services is exponential to the development of a good solid economic base. Once your base is solid, growing business within a community can increase at a more natural pace.

The key, as an entrepreneur, is to understand the simplistic values of importing and exporting, plus the additional benefit of outsourcing any skills needed to grow your business until you can afford to hire employees and bring them to your community.

While contracted jobs may cost more than the figurative wage of the same employee, the overall cost will be lower because you don’t have the full time employee cost, when you outsource small batches of work. Learning how to manage these resources will increase productivity and profits within your business. Which in turn, will improve the economic value and impact of your business in the community.

Are you seeking ideas for implementing your own small business efforts?

A business owner thinks about his ability to scale the business as it grows within a community, while an entrepreneur generally thinks more about what he can do on his own. Both can be beneficial to the community as a whole, and drive economic growth with potential community impact. A business owner more readily considers the outcome and plans for growth, while an entrepreneur often is simply making an effort to fill a need, solve a problem, or answer a question.