Flooring Hut, a growing UK online flooring retailer, is bucking the trend of more positive UK business and corporate news, particularly given the recent government announcement that energy bill support for businesses is set to be cut in April 2023.
Paul Brewster, CEO of Flooring Hut, comments: “Our business model, telecommuting structure and lack of brick-and-mortar stores put us in a very favorable position to not only survive, but to thrive and thrive during these trying economic times.”
Choose your business model carefully
Chief Technology Officer at floor hutcomments David Greaves: “We are fortunate that a business model like Flooring Hut’s currently offers many competitive advantages.
The government’s recent announcement to remove support for energy bills for businesses plays to our strengths as we don’t have a staffed headquarters and costly stores to run.”
Flooring Hut reinvests its profits back into its growing business. To that end, they are proud that in January 2023 generous pay increases were awarded to their small team of Sussex-based customer service representatives to reward them for their hard work and to help each of them financially through the cost of living crisis.
Ashley Funnell, Chief Operating Officer at Flooring Hut adds: “If you are thinking of starting a new retail business, or are an established retailer considering a move to e-commerce, then consider the following competitive advantages, that you could incur as a result of the change.” :
- Low overhead
- Ability to reach a global or UK customer base
- Lower storage costs
- Personalization and data collection
- flexibility and scalability
- 24/7 availability
What works for your business today may be obsolete in 3 years. The landscape for many businesses large and small is changing at a rapid pace. A longer-term perspective and approach may not result in instant sales and revenue growth, but has a much greater chance of future-proofing your business.
You have to understand that Principle that the interests of customers and shareholders are perfectly aligned in the long term.
