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3 Reasons to Join the Chamber in a Time of Economic Uncertainty

1/9/2023

8 Comments

 
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​Times of economic uncertainty don’t cause anyone to look for new ways to spend money. But there are some investments in your business that even when you’re worried about cash flow, are worth the return. Without those necessities—be they software or services—you couldn’t operate. Chamber membership is one of those necessary business investments and here’s why:
 
Uncertain Times Mean Unprecedented Business Challenges
According to a survey released in early January by the National Association for Business Economics, more than half of respondents believe the U.S. is headed toward a recession in the next 12 months. An additional 11% of those polled think the economy is already in a recession. (A recession is commonly defined as two consecutive quarters of shrinking growth). However, the severity and depth of the possible recession are matters of debate among most economists and market experts. 
 
Whether we face a recession or not, growth is slow. Costs are up. Shelves are not as full as they once were. Some industries are already claiming a recession has hit them.
 
In times of economic uncertainty, businesses have greater needs than usual. It helps to have a partner looking out for your best interests. The chamber is in a unique position to provide that assistance for a minimal investment.
 
The Hidden Job Market
One of the reasons economists are slow to call what we’re in currently “a recession” is because the job market on average remains strong. Employers are hiring. Sometimes their hiring needs are even outpacing available, skilled candidates.
 
Through chamber membership, you receive two types of job assistance—help in finding positions and candidates. If you’re looking for a job, you can network and locate available opportunities in the hidden job market (before they come available). Membership helps you get to know hiring managers and business owners, making a job search much easier and improving your chances of finding your dream job.
 
On the other hand, as a hiring entity, you will be in a solid position to get to know potential job candidates who aren’t actively looking for work. This is often one of the easiest ways to find top performers. Plus, connecting with possible job candidates on a professional level outside of the office can assist you in getting to know them better than you would through a 30-minute interview. This helps to ensure a stronger hire and better fit for your organization.
 
Public Sector Assistance & Advocacy
Whether you have your eye on pro-business legislation or are worried about a zoning issue, like anything else, business often goes your way based on who you know. As a chamber member, your concern over business—your own or the entire business community—is amplified. When the chamber speaks to city, state, or federal leaders, they are speaking on behalf of all businesses. This gives your concerns more power among elected leaders.
 
The chamber may also be able to help by placing your request in context in the larger picture. The zoning problem you’re having isn’t just about your business property but all properties moving forward. The chamber is well-suited to propose “if, then” scenarios that can help you get the assistance you need quickly.
 
Economic Development
While economic development of the area may not seem like a pressing issue in your mind right now, it helps keep you in business, regardless of your industry. A strong local economy can help maintain prosperity even when the national economy is struggling like the minority-business owners did along Auburn Avenue in Atlanta in the 1930s. While the rest of the country was experiencing the dark crash of ’29 and subsequent depression, Auburn Avenue thrived because its interests were protected.
 
The chamber is dedicated to building community and ushering in smart economic growth so everyone can thrive. Chamber membership not only safeguards your business interests and helps you achieve your own goals but improves the business community, and thus the community, for all.
 
 
 
Christina Metcalf is a writer/ghostwriter who believes in the power of story. She works with small businesses, chambers of commerce, and business professionals who want to make an impression and grow a loyal customer/member base. She loves road trips, hates exclamation points, and believes the world would be a better place if we all had our own theme song that played when we entered the room. What would yours be?
​
8 Comments
Mark
4/11/2023 09:22:25 pm

Nice

Reply
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4/11/2023 09:23:38 pm

As a business owner myself, I have found that these are crucial for success in any economic climate. The Chamber provides all of these benefits and more, making it an excellent investment for any business looking to thrive and navigate through uncertain times.

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2/12/2024 12:48:44 pm

During times of economic uncertainty, investing in your business may seem daunting, but certain investments, like chamber membership, are essential for long-term success. Here's why:

1. **Navigating Business Challenges:** Economic uncertainty brings unprecedented challenges. With costs rising and growth slowing, businesses need support more than ever. Chamber membership provides invaluable assistance and advocacy, helping businesses navigate difficult times.

2. **Access to the Hidden Job Market:** Despite economic fluctuations, the job market remains strong. Chamber membership offers access to the hidden job market, allowing businesses to find skilled candidates and job seekers to discover opportunities before they're publicly available.

3. **Public Sector Advocacy:** Chamber membership amplifies your voice in advocating for pro-business legislation and addressing concerns with city, state, or federal leaders. By representing the collective interests of businesses, the chamber ensures your concerns are heard and addressed effectively.

4. **Economic Development:** Strong local economies are vital for business resilience. Chamber initiatives focus on economic development, ensuring prosperity for the entire community. By investing in chamber membership, businesses contribute to the growth and prosperity of the local economy.

In uncertain times, chamber membership provides essential resources, networking opportunities, and advocacy support, benefiting businesses and the community as a whole.

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  • Visit Key West
    • Community Calendar
    • Getting Here
    • Map & Places of Interest
    • Places to Stay >
      • Lodging Online Booking
    • Places to Dine
    • Things to Do >
      • The Florida Keys & Key West
    • Weddings
    • Sunset Times
  • Live, Work & Relocate
    • New Residents Guide
    • Important Telephone Numbers
    • City of Key West >
      • Utilities
      • Disaster Preparedness Resources
    • Monroe County >
      • School/College Registration
      • Auto/Drivers License Info
      • Fishing/Hunting/Boating Licenses Info
    • Latest Community News
    • Job Listings >
      • Job Board
  • The Chamber
    • Why Join the Chamber >
      • Membership Application
      • Testimonials
      • Member Login
      • Membership Referral
    • Board of Directors >
      • How to Become A Board Member
    • Chamber Staff
    • Chamber Calendar
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      • Member Discounts and Affinity Programs
    • Awards >
      • Athena Award Nominations
    • Chamber News >
      • Cybersecurity and Ransomware
    • Photo Gallery
    • Blog
    • Contact Us
  • Foundation
    • Tom Sawyer Five Star Program
    • Teacher Appreciation
    • Past Scholarship Award Winners
  • A Guide to Tourist Development Tax for Home Rentals
  • Economic Partners
  • Quick Facts