Sunday 18 August 2019

Traders Encouraged To Take The Plunge

A combination of changing customer preferences, competition, and financial realities is encouraging many Traders to take the plunge and change their trading arrangements.

Changed trading arrangements may involve giving up days, down-sizing, or moving stalls. It makes sense to cut out the unprofitable aspects of your business and experiment with new arrangements. For some Traders this is a cause of anxiety, but it doesn’t have to be that way.

Reacting to changed trading conditions is a smart move and can have significant financial and emotional benefits. In times of great change flexibility is important, and most changes can be reversed when things improve. Some PE Traders have expressed concern about giving up stalls but giving up a stall doesn’t change your trader status. Stalls or trading days can be added down the track.

If you find there are days that are just not worth trading at present, talk to your Precinct Manager and find out your options. You may be surprised at how easy the process is. Ultimately we all want happy profitable traders who are best prepared for difficult trading conditions. Trading at QVM has inherent flexibility and it makes good sense to use that flexibility to enhance our profitability particularly in tough times.