In a recent article by Small Business it states that Small Stores are facing a never-ending battle with low income vs high overheads. Many stating that they cannot afford to take on staff or grow.
“We are seeing a change in how people start retail businesses. Entrepreneurs entering the high street are not creating the business around selling a product, but often plan a dual-purpose space for their customers. It’s changed the way we quote to these businesses now, as we realise they defy traditional categorisation. While taking comfort from these imaginative answers to the problems faced by the traditional high street, we do see the real signs of struggle for survival among established businesses. Reductions in business rates are significant and noted by shop-keepers, but other overheads continue to rise, and amidst wider economic uncertainty, are restraining growth plans.”Gareth Howell, executive managing director at AXA Insurance said
With many costs rising and uncertainty surrounding Brexit, many businesses are forced to think outside the box and seek new initiative ways to add value to their business. This is where QueueCheetah are trying to help. To offer solutions available to larger retailers and businesses but at more affordable prices to remain competitive and keep small business relevant and IN BUSINESS.
To read more of the article by Small Business visit here