New business owners in Jersey are reporting challenges such as rising costs and staffing issues but are actively seeking ways to adapt. Among the strategies being utilized is the sharing of premises to reduce rent expenses. This follows the Jersey government’s initiative to analyze why some shops on the island remain vacant. Economic Development Minister Kirsten Morel outlined the government’s commitment to improving the environment for business startups and operations.
Sébastien Perrais, owner of the French café and creperie CocoRico, mentioned the difficulties faced by all business operators, noting that his recent relocation to the Central Market has revitalized his business. He reported an influx of small businesses to the market and highlighted its new operating days on Fridays and Saturdays.
Other entrepreneurs have also highlighted rising rent costs as a significant hurdle. Owners of the fragrance shop Willow and wellness shop Alma Sana decided to open a shared physical shop after previously operating pop-ups. Sophie Anderson, owner of Alma Sana, expressed that collaborating to share costs makes business more feasible and less risky compared to going solo.
Minister Morel emphasized his department’s efforts to assist retailers and landlords. He indicated a focus on streamlining regulations to ease the process of starting a business, although he acknowledged that there is always room for improvement. Morel asserted that setting up a business in Jersey is comparatively straightforward and praised the high street’s offerings for both shoppers and businesses.
These developments suggest an ongoing transition for businesses in Jersey, marked by collaboration and government support efforts, amidst economic challenges.
Source: https://www.bbc.com/news/articles/ckgklzkx4gyo?at_medium=RSS&at_campaign=rss