PROMPT I business strategies
improving performance and growing businesses
Sector challenges...
Each sector presents its own unique challenges and opportunity. Hospitality are currently facing one of the largest challenges with social distancing making restaurant economics difficult.
Food businesses are seeing the local demand grow with home delivery as part of the offering. The key will be to retain those customers by offering unique product and service preventing the consumer being tempted back to the super markets.
Commercial office and Retail space will be impacted forever by changes brought about by the Covid pandemic when the need to be office based 5-days a week was proven unnecessary.
Retail has also been affected as online retail buying has accelerated which in turn is forcing the use of retail space to change.
PLUS the recent increase in Employer National Insurance is already impacting companies growth and development plans.