The amalgamation of fresh businesses and startups in Canada is increasing at a rapid pace. A huge credit goes to the reliability and trust factor that the Canadian Govt. has shown on small business owners. While we talk about CFT or Customer Foot Traffic. Obviously, we mustn’t forget that it is regarded as the most wanted thing for the growth of small businesses. In simple words it holds a massive reliance on how the small businesses will going to perform with sustainable action.
ROLE OF ATM’s FOR SMALL BUSINESS GROWTH:
While this is true that ATM’s have a role that might be small, however, it can’t be ignored. The ATM’s definitely improve the customer foot traffic in small retail chains. Furthermore, off licenses in Canada provided they are good for the business. This is in terms of cash availability, i.e. minimum ‘Out of Cash’ statuses in a month’s period. Furthermore, improving per customer serving time which is a mandatory focus if you want your business to grow fast. Your off license shop or a small retail chain might have the same things available in the same price. However, it has a massive difference that is preferable. Ironically, and naturally the difference is nothing but the ‘Hole in the wall’. Yes, the cash machine, or the ATM, i.e. Automated Teller Machine can be a huge difference if used effectively.
SECURITY IN HANDLING CASH:
The other day, there was a reported mugging right outside the retail shop. Somebody was waiting for an old lady’s cash withdrawal right on the bike, and ran with the cash as soon as the money was dispensed. An incident reported in Toronto’s city centre, in an area covered with hi-definition cameras. However, nothing was dealt with except some pictures being taken. This is a scenario which is known as unsafe cash handling or even known as unsafe ATM Placement.
Thus, an ATM placement in an off license shop in Ontario or in a small retail store is highly critical for the business growth. Something, which can avoid snatching and cash handling is the ATM placement to be inside the store. This thing will automatically improve the security aspects in Cash handling. Hence, as well as better ‘customer-ATM’ relationship. The customer-machine relationship and interactions if made safe are highly worthwhile. Especially, for the business growth and local people’s area preferences.
BETTER ATM PLACEMENT INSIDE THE STORE:
Inside store ATM placement are also a massive guarantee of increase in customer foot traffic. Also known in technical retail terminology as CFT. This has a lot to do with placing the ATMs in regions where there are less concentration of people. In addition to this, better visibility from the cameras. The possibilities of mugging inside the store are almost nil. However, it’s better for the people to hide their personal ID and details just in case of card being lost or stolen. For this scenario to take place effectively, its best that the owner places the ATM in areas where the concentration of people is least expected. A scenario that is good for customer feedback. Furthermore, automatically improving the CFT or ‘Customer Foot Traffic’.