It can be seen that, now little shops owners facing difficulties to continue running their business along with enormous shopping complexes and digital shopping systems. I firmly believe that it has negative influence on local communities because for some people their small business is their economic source, therefore ,it can effects their financial condition. A number of steps can be take to ensure that then can also grown their business without facing losses.
To begin with, competition between local shops and super markets are giving great damage to sales of local shop vendors. For example, super markets usually buy goods direct from farmers and buy in large quantity, hence their products prices are really cheap from local shops. So public prefer to buy grocery from super markets, which lead to decline the sales of local shops. Many local tiny shops are run by poor families so that then can fulfill their daily needs, fall in daily sales can lead their family to poor financial condition. As a result local community people are becoming poor and poor day by day. Online shopping feature is now used by most of the people, as a result people do not like to buy from local shops, they prefer online shops which have variety of option and prices to choose from. Thus the local markets are effected and facing losses.
The solution of those problems can overcome with a plethora of ways. Firstly, we have to make the local shops good available online, so people can buy goods form different part of the world, that will give mass customer base for little shops. Secondly, buying products directly from farmers can reduce the cost of broker collects from shop owner and they can also reduce their prices of product to similar of that super markets. Finally, having limited stocks that can refill again and again that method can be use to win again the other competitions in freshness, which most of the people prefer when buying grocery.
Overall, it is true that big big companies are becoming a threat for small shop owner business, but same time they can also overcome this situation by making their business digital and make some changes in method of getting products from markets.
