I think it really depends on the type of business you’re running. You haven’t told us what you do, so it’s difficult to give a straight answer. However, I believe that the key to making a local business grow lies in community relations and networking. Consider getting in touch with other businesses around you. Are there any ways in which you could combine your services with others, or help organize different events? Also, you could consider creating unique loyalty programs for your returning customers and offer special prices or rewards. Again, more information on the type of business you’re running would be really helpful.