Local CPA explains how to help on Small Business Saturday

Laveta Brigham

Local CPA explains how to help on Small Business Saturday Updated: 1:43 PM CST Nov 27, 2020 Hide Transcript Show Transcript CHRISTINA: WELCOME BACK. WITH SO MANY SMALL BUSINESSES TAKING THE BRUNT OF THE COVID-19 PANDEMIC, THIS SMALL BUSINESS SATURDAY COULD NOT HAVE COME AT A BETTER TIME. HUNDREDS OF […]

Local CPA explains how to help on Small Business Saturday



CHRISTINA: WELCOME BACK. WITH SO MANY SMALL BUSINESSES TAKING THE BRUNT OF THE COVID-19 PANDEMIC, THIS SMALL BUSINESS SATURDAY COULD NOT HAVE COME AT A BETTER TIME. HUNDREDS OF THOUSANDS OF BUSINESSES ACROSS THE NATION HAVE BEEN FORCED TO SHUT DOWN, INCLUDING SOME OF THE ONES WE KNOW AND LOVE HERE IN NEW ORLEANS. CPA KEMBERLEY WASHINGTON JOINS US LIVE TO TELL US ABOUT HOW YOU CAN SUPPORT SMALL BUSINESSES THIS WEEKEND. THANK YOU FOR YOUR TIME. THEY ARE MANY PEOPLE TRYING TO MAKE SURE THAT WE SHOP LOCAL, SO WHAT IS ONE WAY TO DO THAT? KEMBERLEY: THE FIRST THING YOU WANT TO DO, IF YOU WANT TO SUPPORT SMALL BUSINESSES, THE FIRST THING TO DO IS MAKE SURE THAT YOU HONOR THEM BY MAKING A PURCHASE WITH THEM RIGHT NOW. ONE THING YOU CAN DO THIS WEEKEND IS LOOK AT YOUR LIST. IF YOU KNOW YOU ARE SHOPPING FOR DIFFERENT TYPES OF CLOTHING, SEARCH FOR A BUSINESS IN OUR AREA, SO YOU CAN SUPPORT THIS BUSINESS. LOOK THROUGH DIFFERENT SOCIAL MEDIA PLATFORMS TO DETERMINE WHAT SMALL BUSINESSES ARE IN YOUR AREA THAT YOU CAN SUPPORT DURING THIS TIME. CHRISTINA: WE ALSO KNOW THAT RESTAURANT OWNERS ARE STRUGGLING BECAUSE OF THE PANDEMIC, SO WHAT CAN WE DO TO HELP THEM? KEMBERLEY: RIGHT NOW, IF YOU KNOW YOU ARE A PERSON THAT NORMALLY EATS OUT, FIND A SMALL RESTAURANT THAT YOU CAN SUPPORT. YOU CAN DO SO BY CREATING OR SELECTING A GIFT CARD FROM THE SMALL BUSINESS. AND IF YOU KNOW YOU’RE GOING TO BE SPENDING A COUPLE OF DOLLARS RELATED TO DINING OUT IN DECEMBER, SUPPORT THEM NOW BY PREPAYING FOR THOSE MEALS. FOR THE NEXT COUPLE WEEKS OR SO, YOU MAY WANT TO SUPPORT THE BUSINESS BY MAKING CERTAIN EVERY TIME YOU EAT OUT, THAT YOU PATRONIZE THAT BUSINESS. THAT IS SOMETHING YOU CAN DO NOW TO SUPPORT BUSINESSES AS IT RELATES TO RESTAURANTS. CHRISTINA: WHAT ABOUT FOR PEOPLE WHO ARE NOT GOING INTO THE STORES THIS WEEKEND, BUT THEY WANT TO DO ONLINE SHOPPING — WH AT’S YOUR ADVICE? KEMBERLEY: WHETHER YOU ARE SHOPPING ONLINE, OR YOU DECIDE NOT TO SHOP AT ALL, YOU CAN SUPPORT SMALL BUSINESSES. YOU CAN GO ONLINE, ON YOUR SOCIAL MEDIA PLATFORMS, AND GIVE A SHOUT OUT TO A SMALL BUSINESS OWNER IN THE AREA. THAT WAY OTHER INDIVIDUALS MAY SEE IT AND THEY WILL GET THE IDEA OF, I WILL SUPPORT THAT BUSINESS AS WELL. BUT DO SOMETHING RIGHT NOW TO SUPPORT SMALL BUSINESSES LOCALLY, BECAUSE WE KNOW THEY ARE GOING THROUGH A TOUGH TIME DURING THE PANDEMIC. CHRISTINA: THEY REALLY ARE. WE HAVE SOME ANY GOOD SMALL BUSINESSES IN OUR AREA, SO BE SURE TO SHOP LOCAL.

Local CPA explains how to help on Small Business Saturday


With many small businesses taking the brunt of the Covid-19 pandemic recession, this Small Business Saturday could not have come at a better time. According to Yelp.com, more than 163,000 U.S. businesses listed on Yelp have closed since the pandemic outbreak on March 1 through August 31. Here – locally in New Orleans – the pandemic has also impacted small businesses significantly. According to the New Orleans Business Alliance, the number of small businesses open has decreased by approximately 45%.Here are a few ways you can support small businesses this Small Business Saturday. Add a small business owner to your list If you are shopping this weekend, review your shopping list and determine what items you can purchase from a small business retailer Search for local businesses online through social media platforms Look within your groups and network and determine if you can support a small business owner. Buy a gift card from a local restaurantThe best way to support local businesses is to support a local restaurant If you are spending a certain percentage of your budget for eating out, consider redirecting these funds to patronize one local restaurant in your area For the next two weeks or a certain timeframe, consider eating at this business Please pay it forwardIf you are not shopping this weekend – pay it forward There are still some ways to support a small business:Consider sharing or creating a post about a small business on social media Make a listing of small businesses in your area that you love and share with family and friends Share pictures of previously items purchase and share your testimony – why you love working with a local business Kemberley Washington, CPA is a financial news contributor, author, and entrepreneur. Follow her @kemcents!

With many small businesses taking the brunt of the Covid-19 pandemic recession, this Small Business Saturday could not have come at a better time. According to Yelp.com, more than 163,000 U.S. businesses listed on Yelp have closed since the pandemic outbreak on March 1 through August 31. Here – locally in New Orleans – the pandemic has also impacted small businesses significantly. According to the New Orleans Business Alliance, the number of small businesses open has decreased by approximately 45%.

Here are a few ways you can support small businesses this Small Business Saturday.

Add a small business owner to your list

  • If you are shopping this weekend, review your shopping list and determine what items you can purchase from a small business retailer
  • Search for local businesses online through social media platforms
  • Look within your groups and network and determine if you can support a small business owner.

Buy a gift card from a local restaurant

  • The best way to support local businesses is to support a local restaurant
  • If you are spending a certain percentage of your budget for eating out, consider redirecting these funds to patronize one local restaurant in your area
  • For the next two weeks or a certain timeframe, consider eating at this business

Please pay it forward

  • If you are not shopping this weekend – pay it forward
  • There are still some ways to support a small business:
    • Consider sharing or creating a post about a small business on social media
    • Make a listing of small businesses in your area that you love and share with family and friends
    • Share pictures of previously items purchase and share your testimony – why you love working with a local business

Kemberley Washington, CPA is a financial news contributor, author, and entrepreneur. Follow her @kemcents!

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