Is shared hosting realy that bad?

Hi, I'm creating a website for my business, it is a small local store. I already picked my WordPress theme. There will be some photos from the store, a simple announcements module, and a map for the store. IMHO, a simple shared hosting plan will be more than enough to me, however the people around me constantly giving me advice to buy a bigger and better hosting plan, like VPS or cloud hosting. My question is, is shared hosting realy that bad? I still believe that it can meet my needs.

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