By Jerry Bellune
Last week we talked about 3 trends that can help or hurt you. Here are 3 more:
• A friend observed that the political bickering in Washington is building popular sentiment for term limits. Don’t expect anybody in Congress to favor limiting their own terms. Yet their actions will make incumbents vulnerable to challengers and cost them millions in campaign donations.
• When restaurants and non-essential retailers are able to reopen, they face the problem of hiring workers and restocking inventories at a time when they are cash poor. Smart lenders are going to have a field day. But many of these businesses are going to face higher costs with fewer customers and will have to cut their margins to attract customers to come back to them.
• The pandemic has already driven many weaker owners out of business. This reduces the competition for consumers’ dollars when the stronger ones are open again.
Be sure you are ready to provide 1st class service and products to take advantage of this less competitive market.
Do you see other trends? Please let me know by writing [email protected]
We share such ideas in “Uncover Your Inner Sales Genius.” For a complimentary copy, please visit JerryBellune.com
Next: Protect your credibility during covid-19 to retain your customers’ loyalty.
Copyright 2020, The Bellune Co., Inc.