2015 is almost over and the number of small businesses around the world is booming. More and more young entrepreneurs are entering the scheme and more importantly, they are helping their community. From this vantage point local businesses get a better handle of what the community and people multinational businesses tend to do.
Local businesses hire local talent, around them need, allowing them to market or produce according to their unique situations. It’s a ‘by the people, for the people’ situation that enriches the locality in more affordable ways than one, creating job opportunities for many people in the community even without the need for more experienced or professional personnel. Similar like the giant corporate like Myers. In fact look at the number and they may even be the same (per head).
They use local resources, encouraging the community to take care of the environment, and therefore saving a big cost from buying products and materials from other manufacturers. Their services are usually cheaper and more personalized than those given by bigger businesses, who many people say tend to lose touch with their customers. And local businesses create bonds and connections within the community that benefit everyone.
Supporting your local business can encourage other young entrepreneurs to start their own. Many locals are proud of the small businesses in their community. The number of such businesses across the country is growing and they do very well– not only for their owners, but for the people around them, who proudly buy merchandise made from products they know, in places they are familiar with, from people who are essentially their neighbors. It creates trust, brand loyalty and sustainability within the community, and small businesses with reasonably-priced and high-quality products adds to the value of the neighborhood.
Today, more than three hundred local businesses have been operating for more than twenty years and have established good reputations in their community. People in the neighborhood value them for their friendly service, the opportunities they create and the convenience of their locations which saves them petrol and transport costs. They have become staples and constants in the neighborhoods they operate in, working in symbiosis with their community to meet customer needs.
If some of you remember, we featured a Perth business dealing with liquid limestone (check out our previous post here). This time around, we are featuring yet another Perth local business who have just opened their doors to the public. The business name is Storage Perth WA, check out their website at www.storageperthwa.com.au and check out what they have to offer. We encourage you to support them!
Located in Welshpool, in the newish look industrial area, the storage company is bound to raise some eyebrows. Why? Simply because they are taking on the big boys in the game. For Perth residents, you may know some big names in the storage industry such as Koala storage and other similar big companies. But the owner of Storage Perth WA is confident that there is enough demand within the metropolitan area. The owners have previous and current experience in the removals service, so the move to incorporate storage services is a natural move. In fact, removals and storage pretty much goes hand in hand. Take a good look around, many removals company will also offer self storage facilities.
As admin of BMLTA, I urge our readers to offer their support to this local business in any shape or form. Spread the word around about their opening! Perhaps you are actually looking for for somewhere to store your belongings, or maybe you don’t any space left around the house. Then please check out what Storage Perth has to offer. By supporting local businesses, we keep the money right here in Australia and also provide job opportunities for local people. Help the locals… by supporting your local businesses. Don’t get us wrong, the big boys in the field also play a pivotal role in our community; but the smaller players also have their role. So let’s show them our support and wish them all the best.
Another note to add, is the owners of the business mentioned above are also currently enrolled in our business leadership course. So you are rest assured that they are very serious with their new venture, make no mistake about it!
If you have any comments in relation to local business in particular, please fill in the comment form below this page. Even if you just wanted to say hi. We’d like to hear what you have to say!
It is quite common for a business to have a cyclic revenue pattern. Certain time of the year it may be quite and other periods it may be very busy. In the Perth area, liquid limestone peak season is usually just before the summer months. Probably explained by home owners wanting to prepare for summer. That is, to install the liquid limestone in time for use during summer. Especially the “cool to walk” feature being its primary attraction. One leading and well respected Perth liquid limestone business share their view on the importance of being prepared for the busy periods.
Here is a video on youtube that show their workers in action, the video page will also have a good description of what services they cover:
As you can see, the work are done outdoors. The owner of this business say that although busy periods are good because of the extra revenue generated, it can sometimes be stressful as deadlines are usually pretty tight owing to demand from customers. But through their experience, they now eagerly await the busy periods with a smile. Why, because they are prepared and know what to expect. By doing so, they will give themselves the best chance of maximising the revenue during the busy periods.
Many other business know that preparation is vital prior to peak period, but unfortunately many fail to deliver the goods. So when asked what is the secret to being prepared, the above business simply said: listen to your customers and anticipate the answer beforehand. In their niche (liquid limestone supply and install), the following are what they regard as important to be on top of:
liquid limestone stock
type of liquid limestone (list in order of popularity)
the expected turn around time by clients
additional resources, eg. hiring contractors
The beautiful thing is that the above pointers can also be applied to other business niches. Generically: stock, turn around time, staff number are some of the critical factor when it comes to being ready.
So there you go. Whether its a liquid limestone business or something else, being ready for the busy period will make sure your business take advantage of the plentiful work available and should see your revenue amount improved.
If you ask successful business people, then most likely than not, they would agree that taking risks may land them the biggest opportunity. Take a look at some of the biggest names to date. Some has risked millions to make it to where they are now. So it may not always seem flowery at the start. But those who have made it to the top , albeit a rocky start, will not have it any other way.
This is something that we all can learn from. Too many times, when starting up a business; we are reluctant to spend in order to accelerate the growth. Many make the mistake of not reinvesting back into their business.
Reinvesting back to their business is considered a must, especially when dealing with technology changes. Also, outsourcing should also be considered for small business owners to negate them from having to do the mundane tasks. So the owner can concentrate on the important issues like targeting prospects etc. .
So the take home message is:
Don’t be afraid to take some risk because you make an unbelievable return!