100 % Facts : Everything Has Changed ! ! !
This is where you will be tested on your : Creativity, Passion , Authenticity, Industry knowledge, Operational efficiency and Innovations.
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Here are a list of things to do about it :
- Not all businesses will survive this change, some may be too big or too slow to Pivot
- Cash is king
- Have a stronger online presence include online payments
- Collect customer data
- Streamline your business and reevaluate your opening hours : Buckle down
- Cut back on expenses
- Restructure/Renegotiate loans and payment plans
- Hire great staff- they will save you money in the long run
- Talk to landlord, talk to staff- cut some salaries but keep some employed
- Invest in logistics – delivery bikes
- Invest in better equipment
- Get rid of old assets and optimize your operations
- Get rid of weak employees
- Get rid of low performing products
- Review your supply chain
- Revisit menu, costing and recipe- what can you cut back on
- Work more in your business- multitask and get busy- time to be an active leader again
- Improve your Customer service and Build a community
- Invest in proper packaging to deliver food in the best condition
- Review the “Business model canvas”- what is yours ? how else can you get your products to customers – distribution
