Trent365

Just a few short weeks ago, I had all the time in the world.

I was on LOCKDOWN.

The one thing I was allowed to do, go to the supermarket, had become annoyingly cumbersome time consuming due to the new COVID-Safe SOPs.

But it didn't matter. I had time.

Today, the supermarket and any shopping experience for that matter is still annoyingly time consuming. 

But now it does matter. I don't have all the time in the world anymore.

As your business starts to reopen, remember that your customers will soon resume to their normal programming - ie: time starved (or so they think).

You will need to implement new SOPs that will take more time.

So start thinking about what else in your product or service offering or process can help your customers save time.

Pre-COVID-19, Time was a big deal.

Post-COVID-19, it will be again.

#time #postcovid19 #reopening

As many countries around the world look to restart their economies and reopen businesses, we all want to know when our specific industry and business will get the green light.

In recent weeks, many in the Spa Industry around the world have been asking me, 'When will Spas be able to reopen?'

Sadly, I think Spas will be one of the last industries to reopen in many countries.

We simple are not seen as an essential enough industry AND we are high contact...which means we are high risk in terms of this specific virus.

As Adam Chatterley, Chair of the UK Spa Association said recently, 'Hope for the best, but plan for the worst'.

#spas #reopening #postcovid19

If your primary business is selling services or experiences, you really should make sure you also sell a physical product too.

Use your existing expertise, experience and networks to source products that your existing customers would buy.

If business is good, it's an additional revenue stream.

If your services or experience business is bad - like it probably has been lately during this global pandemic - the revenue from your product sales may just be the difference between survival...or not.

#products #revenuestreams #businessstrategies

A Self-Fulfilling Prophecy is an 'individual's expectations about another person or entity eventually result in the other person or entity acting in ways that confirm the expectations.'

 

That's what's happening with Wellness in Hotel Spas.

 

I don't believe that the push towards Wellness in Hotel Spas is necessarily demand-led.

 

But I do believe that hotels are, once again, looking for Spas to bring them the shiny new thing.

 

That shiny new thing at this time is Wellness.

 

I do not believe that this will be the right, long-term strategy for all Spas - or indeed most Spas.

 

At the high end? Sure. But for the vast majority, I don't think so.

 

I've spoken and written about this extensively before.

 

In fact, I have a few FREE eBooks on my site that you can take a look at if you want to dive in a bit deeper.

 

Here's the link to the eBooks - http://bit.ly/2n6HOHo

 

#wellness #hotels #spas

When the Russian chemist Dimitry Mendeleev created the Periodic Table back in 1869, he knew it wasn't complete.

He knew there were some elements missing, but he just didn't know exactly what they were yet.

So rather than hold off on publishing what he had until it was complete, he put it out as it was and left some blank spaces in his table for others to fill in over time.

In business, especially at a time like right now, you should do the same.

Don't wait until you have all the pieces.

Put out what you have now and then work hard on filling in the rest of the pieces as you go along.

PS: Thanks to Seth Godin for the inspiration for today's episode.

#lessonslearned #business #dontwait

Time is an Equal Opportunity employer.

So said American author & motivational speaker Denis Waitley.

It's something we sometimes tend to forget.

So often, the excuse we use for why we aren't able to get something done, do achieve something special is that we just don't have enough time.

But if you have the same minutes in a day as the next guy - and you do - then it's just a matter of choice about what you spend your time on.

The next time you find yourself about use lack of time as an excuse, just remember that we all get the same amount of minutes in a day.

PS: Thanks Lucky for the inspiration!

#time #noexcuses #motivationalquotes

In the wake of the death of George Floyd and the subsequent global protests we've been hearing this word a lot.

Minority.

George Floyd was black. He was a minority.

I understand that technically that he way well have been from a socio-demographic group that has less total numbers than some other such groups. So yes, in that sense, he was in the minority.

But I feel that the term 'Minority' instantly suggest that this group is less than the other group.

The term, to me, carries with it negative connotations.

I don't think that is helping the cause.

#minorities #discrimination #racialequality

A lot of people right now are feeling like life just isn't fair.

Understandable too.

Many have lost their jobs and some are literally forced to beg, borrow and steal just to survive.

However, life has never really been fair.

It's just that so many of us have simply been so lucky, so privileged for so long that this current situation is unfair - to us.

But for many others, this has been their reality for a long time.

Also, by writing off your situation as life just not being fair, it also absolves you of any responsibility for taking action to remedy the situation.

#fairness #equitable #luck

From Crisis Comes Opportunity.

And this current COVID-19 Crisis may well lead to a boom time for Spa Management Companies.

Many hotels have been forced to lay off most, if not all, of their staff, including the Spa Team.

As they start to re-open, hotels will be looking to cut costs and reduce their risks wherever they can.

One area of exposure for hotels in the payroll of the Spa Team.

So, why not outsource the management to the spa to a Spa Management Company in return for a revenue share or profit share?

It reduces the risk/exposure on the payroll yet ensures the hotel can still offer the Spa to their guests.

If you're a Spa Consultant or a Spa Manager who's been laid off, there could be an opportunity there for you, if you're willing to grab it.

#hotels #spas #opportunityawaits

'Just-In-Time' is an inventory management technique which, as the name suggests, is based on carrying a minimum amount of inventory or stock.

Rather than carrying lots of stock, you schedule the stock to arrive Just In Time to meet the market demand.

It makes perfect sense from a cash flow perspective.

But during the COVID-19 crisis, with global supply chains shit down, those relying on Just In Time were suddenly exposed.

Or were they?

Maybe Just In Time actually saved them at this time, as they weren't carry lots of stock which they couldn't sell.

So, what does the future hold for an inventory strategy like this?

Have a listen...

#justintime #inventorymanagement #cashflowmanagement