Inflation is being felt everywhere, from Fortune 500 companies to solopreneurs just starting out; however, the difference between large-scale companies and smaller ones are their reserves.
According to JP Morgan Chase, the average small business runs with only 27 days of operating expenses in reserves.
Three quarters of small businesses are seeing a rise in their costs but less than half have raised prices. Costs are going up. These businesses have held out as long as they could. Soon those that haven’t already will raise their prices. It’s inevitable.
Small businesses need you to:
- Show up. Keep patronizing them as much as you’re able.
- Understand. Costs are increasing for everyone. They are not here to gouge you.
- Support them. If not through purchases then through reviews, word-of-mouth, or referring someone looking for work.
- Pass the message along. Remind others what businesses are going through. It’s stressful wondering how you’ll make payroll, pay your suppliers or your landlord.
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On July 20, from 3pm to 6pm, the Business After Hours event happening at CW Racquets will be a great opportunity to show up and support a local business and all are welcome!
Business After Hours events are great networking opportunities, giving you the chance to discuss and share ideas while learning about local businesses. It is a relationship-building experience held in a relaxed setting that benefits you and your company through added contacts and resources.
The CW Racquets space was renovated in 2020 and if you haven't seen it, this is a great chance to stop by for a tour! There will be refreshments, outdoor games, you can try your hand at a racquet sport, and of course, enjoy a summer afternoon of casual networking!
RSVPs appreciated but not required. Please email [email protected] or call 519-843-5140.
Member Profile: CW Racquets
CW Racquets has over 40 years of history in the CW community. Since 1980, they have welcomed thousands of members and guests.
As of 2019, the club is under new ownership and has been beautifully renovated but many things have not changed. A strong sense of community, a love for playing racquet sports, and lifelong relationships. CW Racquets is a special place and, with its fresh look, they look forward to welcoming a new generation of players and families who are looking for not just a gym but a club, a place to belong and for their family to feel safe.
With a variety of sports to play (Squash, Tennis, Racquetball, Table Tennis, Basketball), a cardio area and gym plus a bustling social atmosphere, there is something for people of all ages at CW Racquets!
“Our community needs to support local businesses now more than ever and the Chamber can help in so many ways. It is important for local businesses to join the Chamber so we can all work together to keep local businesses going strong. The Chamber provides a great opportunity for collaboration and networking which is helpful for all businesses right now”
The Racquet Club is a great place to meet like-minded people to both socialize and play with. They are happy to be involved with the Chamber and enjoy benefits of membership such as new contacts, new clients, networking programs & opportunities, and more.
You can connect with CW Racquets on Facebook and Instagram or visit them online here.
Are you interested in joining the Centre Wellington Chamber of Commerce? Learn more about membership and benefits online here.