By The Business Battle-axe, Amanda Vigar,
Managing Partner, V&A Bell Brown LLP
The demise of the small independent business against the larger national chain has been a hot topic for some time. However, with the current tough economic conditions, we are finding that larger national companies are far from flourishing.
In
recent times, JJB Sports, Clintons Cards and Julian Graves have fallen into
administration, while electrical retail conglomerate DSG, the owner of Currys
and PC World, plunged £30m into the red. The issue is that people want to deal
with people they know and trust. This is
where the smaller businesses and independent traders can, and often do, come
into their own.
Ask
yourselves – do you want to deal with someone who you have a personal and
engaging relationship with, or do you want to deal with representatives of a
larger national, often faceless, organisation? Do you want to shop locally from
retail outlets that have been fixtures on your high street for years? Do you
want to have a business relationship with someone who prides themselves on
personal recommendations? And do you want to deal with someone you might
actually have the chance of meeting in person?
I
suspect that most people, whether they’re looking at making a high street
purchase or want professional advice on anything from finance to marketing
would prefer to deal with someone they know and trust.
In
my accountancy practice, we like to put the people into business. In practice
this means that we work with numerous people in all sorts of trades and
occupations; we have built strong relationships based on trust with our clients;
clients know they can meet with the same person every time and are not simply
assigned to whoever is available; and we value each and every client, no matter
how big or small.
We
are also more than happy to provide testimonials from clients who are more than
happy to say when they think we’ve done a good job. I for one firmly believe
that putting the people back into business should be the way forward for our
high streets; it may well also have the knock-on effect of re-invigorating our
town centres.
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