What is a local business and Why should we care about it

Any company that provides goods or services to a local population is considered a?local business. Often described by the phrase, "brick and mortar," a local business can be a locally owned business or a corporate business with multiple locations operating in a specific area.

Despite the growing popularity of online shopping, the majority of shopping still happens in brick and mortar locations. Even some local businesses don't have online presence, existing online is still very critical in today`s business world. Digital media and online listings have changed the game for local businesses by providing them with avenues for greater online visibility.

So, online presence is important! However, it is not the final step that the consumers take before they purchase any good or services. It just adds more awareness to the business game. It is still vital to offer a good product with a fare price and to add a smile on the package.?

Then what makes a local businesses important?

Well, today`s world is a multi-dimensional place that has many different colours. This is a good thing. However, today`s world is also getting simplified all the time, which is not so good! Especially, for communities and neighbourhood that are used to live locally since the very beginning of industrial revolution and creation of working to mid classes in any modernised country.

A local business in most cases means also: a small business.

According to the U.S. Small Business Association (SBA), small businesses of 500 employees or fewer make up?99.9% of all U.S. businesses?and 99.7% of firms with paid employees. Of the new jobs created between 1995 and 2020, small businesses accounted for 62%—12.7 million compared to 7.9 million by large enterprises. A 2019 SBA report found that small businesses accounted for?44% of U.S. economic activity. Without small businesses, the American economy and workforce would be a pretty wild landscape to imagine.