More

    Latest Posts

    4 Ways to Support Philadelphia’s Small Businesses After COVID-19

    Like the rest of the country as we approach the end of the year, Philadelphia remains
    gripped by COVID-19. As of this writing, Governor Tom Wolf has issued further state-
    wide restrictions aimed at slowing the spread during the winter season. These
    restrictions include a fresh ban on indoor dining, closing gyms, and pausing high
    school sports for a minimum of three weeks, according to a news article by CBS
    Philly.

    While these measures are necessary in combatting the virus, they unfortunately
    represent further difficulties for small businesses around the state, and in
    Philadelphia in particular. Countless businesses in the city have struggled mightily
    throughout the year, and these restrictions — necessary as they may be from a
    public health perspective — can be devastating for them.

    Even so, these restrictions differ from those we’ve seen in past months. Throughout
    most of 2020, we’ve used protective measures as our sole protection against the
    virus, with no end in sight. Now, the idea is to get through a winter season long
    predicted to be a major challenge with respect to COVID-19, and then begin to see
    widespread vaccinations taking effect early in 2021. This is a crucial difference where
    small businesses are concerned, because it means that getting through just one
    more stretch of difficulty could mean the worst is behind them. Activity should pick
    up in 2021.

    That activity will still depend on consumer behavior though, and for that reason we
    wanted to give some thought to how you might be able to support Philadelphia’s
    small business community at the end of this pandemic.

    1. Support Black-Owned Businesses

    There are plenty of Philadelphia businesses in need of hope that are not specifically
    connected to the Black community. And to be clear, we’re pitching assistance for
    the entirety of the small business ecosystem in the city. The real idea is to shop where you can, support businesses you like, and give a little extra if you can, because
    the city’s businesses will depend on rising consumer activity.

    That said, we’ve identified the ‘Top 5 Black-Owned Businesses to Support in
    Philadelphia’ before, and we’d continue to encourage people to seek out these and
    similar companies to patronize. Black businesses comprise much of the backbone of
    the Philadelphia economy, and are often afforded fewer inherent advantages than
    some of their counterparts. So, within your general effort to contribute to the
    returning economy, we’d recommend once again that you make a specific effort to
    assist the Black business community.

    2. Start Now!

    The idea that the end is in sight is incredibly reassuring, not just for small business
    owners and employees, but for all of us. At the same time though, even a few more
    months without regular business can be crippling for many of these establishments.
    So, if and when you see the opportunity to do so, start helping now! Purchase gift
    cards, order items or services in advance and pay now, request deliveries or safe
    pick-up arrangements…. You can even simply make a small donation to a local
    business if there’s one you’re passionate about and you have the means. Small
    businesses may have the chance to recover in the first half of 2021, but by
    supporting them now, you can make it all the more likely that they get that chance.

    3. Open Your Own Business

    If you’ve considered starting your own business before, or you have an idea or skill
    that you believe could become a company, now could be the time to turn it into a
    reality! Existing Philadelphia small businesses need support, but the community will
    also need an infusion of new businesses to help jumpstart the economy and re-
    establish a culture of innovation. Starting your own company can make you part of
    that process.

    It may be a great time to do it for your own sake as well. Costs (for real estate, hiring,
    etc.) will likely be lower than usual, and you’ll have an opportunity to capitalize on a
    post-COVID uptick in consumer spending. Furthermore. the actual logistics of
    launching your company are fairly straightforward in Philadelphia. A  ZenBusiness post on how to get a Pennsylvania business  off the ground narrows things down to
    just five steps (naming the business, identifying someone to handle its legal matters,
    and so on), none of which are particularly complicated. This particular explanation is
    specifically geared toward Pennsylvania LLCs, but this is in fact the most common
    startup structure — and a sole proprietorship, one of the other most popular
    choices, is even simpler to get started.

    All things considered, you can start a business with ease, enjoy favorable conditions
    for growth, and contribute to the rebirth of the Philly small business scene all at
    once!

    4. Prioritize Restaurants

    Lastly, we strongly recommend you make a specific effort to support local
    restaurants. This is not to diminish the struggles of any other businesses by any
    means. But restaurants have been among the hardest-hit establishments
    nationwide, and unfortunately Philadelphia has been no exception. PhillyMag is
    keeping a list , in fact, of some truly wonderful local restaurants that have had to shut
    down during the coronavirus, to give you some idea of how dire the situation has
    become. And there are many more on the brink. These businesses have had very few
    options during the pandemic, and if there’s any way you can help them, there aren’t
    many better local causes to get behind.

    All of these efforts can have a profound positive impact on the Philly small business
    community, and the state economy in general. Please do what you can now, and
    here’s hoping that in another six months we’re talking about the beginnings of a
    small business resurgence!

    Tap Into the Hype

    Please enter your comment!

    spot_img

    Latest Posts

    [democracy id="16"] [wp-shopify type="products" limit="5"]

    Don't Miss