With the economy still on its knees, it might not seem like the most appealing time to try to get a new company off the ground. However, no matter whether you are looking to conduct your business online or on the high street, there are many reasons why it might actually be the perfect time.
Whilst shop leases will be more favourable than ever, allowing businesses to open their doors at a much lower cost, there is still a lot of uncertainty on the high street. However, by starting your business now, you will certainly have far more chance to afford a prime location. In fact, for those who can spare the start up money, it may even make sense to simply pay the small amount of rent each month to hold one of the more favourable vacant shops until the economy hits its stride once more, and in the meantime use the window space to promote the forthcoming business and to promote the far more stable side of any business – the ecommerce side.
Whilst sales on the high street remain very volatile, online sales are going from strength to strength and any business that plans to have any longevity and wishes to be as stable as possible should do a great deal, if not all, of its business online.
The start-up costs of an online business are far less too. With website design being able to be done for next to nothing and the majority of ecommerce software solutions being extremely cheap, not only will an ecommerce business be safer in the long term, but it will also be far less costly to set-up in the short term.
Over the next few years, experts predict that online sales will surge by a further 62%, a figure that could equate to well over a hundreds billion pounds. And with ecommerce software being so cheap and easy to acquire, it will also not be a huge financial risk to test the water before you dive in and enjoy it.
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