Do I need to use Instagram and Facebook to market my business?

I work with my husband on our new business. Together, my husband and I run a premier fencing club based out of New Jersey. We currently use Facebook a little to share links to upcoming events and tournaments we are attending. Is there any reason why we should think about using other social media platforms for our business? At the same time, I am wondering if there is anything we can do to improve our Facebook initiatives. Thank you in advance for your help!

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