The Struggles of Small Businesses in Medicine Hat

It’s been a tough time for our community, hasn’t it? Lately, I’ve noticed more and more of our beloved local businesses are either struggling to stay open or putting up "For Sale" signs. It got me thinking, why are so many business owners choosing to close their doors, and why is it becoming so hard to find new entrepreneurs willing to take over?

Financial Realities: Employee vs. Owner

Some business owners have realized they can actually earn more as employees than as owners. Beyond just the salary, there are benefits, more stable income, and other perks that business owners don’t necessarily have. In today’s world, business owners are much more focused on 'what’s important'—making sure they can pay their bills, feed their families, and plan for the future. The cost of running a physical business is so high, with expenses like power alone making it tough to stay afloat. This is especially true in the food industry, where rising costs of living and food make it very hard for cafes and restaurants to stay open. Plus, with people and families cutting back on dining out, because they simply can't afford it, our local restaurants/cafes are feeling the pinch more and more. The economic instability has made many prioritize their quality of life, as well as their families' well-being, leading to the realization that maybe now isn't the best time to run a business. As a result, our small businesses face unprecedented risks during this economic downturn.

The Loss of Local Charm

The closure of our local mom-and-pop shops, and small businesses is so much more than just a loss of services—it’s a HUGE loss of the unique charm and character that makes Medicine Hat so special. These family-run businesses are the heart of our community, offering a personal touch and a sense of belonging that big chains simply can't replicate. When they struggle or close, we lose a piece of what makes our city unique. every business owner just wants to build and create something that's close to their heart and give it back to their community (or even the world!)

A Young Entrepreneur's Perspective

As a young female entrepreneur, it’s especially unsettling to see so many businesses I've supported for years facing such challenges. The thought of losing these beloved establishments is a stark reminder of the fragile nature of entrepreneurship right now. These businesses inspire the younger generation to dream big, work hard, and build something of their own. Without them, we risk losing that entrepreneurial spirit that fuels innovation and community growth. Local businesses are a reason I am who I am, becoming 'regulars' at coffee shops, connecting and knowing the staff, supporting someone's dream... As a business owner myself, I put so much energy into what I've built, what I create, and the people I can share it with. I'm like this because I've been inspired by so many incredible small business owners who do the same!

Supporting Our Local Businesses

It’s more important than ever to rally around our local businesses and show them the love and support they need to survive and thrive. Whether it’s shopping locally, spreading the word about their services, or offering a helping hand, every little bit counts.

Here are some amazing businesses you can support:

1. Inspire Cafe - Great little cafe in a beautiful historic location and lovely ladies that work there!
2. Copper Leaf - Amazing lattes, baked goods and family-oriented staff!
3. Chaotic Xotics - Family friendly reptile shop with an incredible owner! Great for educational fun!
4. Pastabillities - Fresh homemade pasta! Owner is a very kind older gentleman!
5. Moose & Squirrel - Outdoor patio with great vegetarian options! Love supporting the art community!
6. DYL Fashions - Great pre-owned women's clothing and often supporting our Women's shelter!
7. Cafe Verve - Great baked goods and amazing staff!
8. Sunday Diner Homestore - Beautiful, newly renovated store with amazing quality products! (Closing sales!)
9. The Yard - Outdoor patio, amazing atmosphere, family-friendly! Great food & drinks!

**Some of these businesses have already set their dates for closure, but if you have the opportunity, I would highly suggest stopping in before it's too late. Show the owners and the staff that you appreciate all of the hard work they have poured into their dreams and our community! Please remember to check their social media for hours of operation!

The Power of Community

In these challenging times, remember that every purchase, every kind word, every social media share, and ANY show of support makes a difference. Together, we can help our local businesses weather the storm and continue to be the vibrant heart of Medicine Hat — they are the soul of our city, and their success is our success.