But with all the fun running your own local store can bring, there are a couple of pitfalls that await if you rush into it without taking the time to do your due diligence first.
The risks of non-complianceDepending on the specifics of your business and the specific violation you make, you can be fined by the local regulatory body.
For example, if you’re planning to be hiring employees, you’re required to pay them at least a minimum wage, as well as respect their rights.
Compliance means protecting the customers as well as your company.
Furthermore, letting them know you’re compliant will increase the trust of your customers.
When a customer’s card is swiped, that’s the point where it’s most vulnerable to theft and interception.