Yes, is the short answer.
Whilst you may have felt a drop in engagement over the past year (it’s the same for everyone), the algorithm isn’t mystical or unworkable. – you just need to ensure your page looks good from a functional point of view and the content is appealing to your target audience or customer.
Increasingly social media channels are coming up in search engine results, so it’s critical that if you’ve set up channels for your business that you commit to keeping them updated, otherwise you could be losing leads.
Whilst Facebook can feel like an uphill battle at times for organic reach for primarily B2B business, it mustn’t be underestimated as there are over 2 billion active users on the platform and these people include the very business owners you’re aiming to target.
The reduction in reach isn’t an accident, it’s a Facebook strategy and is becoming increasingly a “pay to play” arena, but you could find that if you have a niche service or product, a small amount of budget can go a long way if it is putting your content right under the noses of your ideal customer.