October 28, 2021
For years, we kept watching the growth of some businesses while others disappeared.
Despite all of these varieties, we have seen a few common fears each business is concerned about. There’s no better time to be reminded of these worries than Halloween.
1- Losing Customers
Everybody hates goodbyes, and the worst part is seeing your customers walking away because, regardless of what you do, the prices are going to increase, leading you to wonder how to manage your ‘must make” price increases in a way that keeps your client.
2- Rapid Shifts in Consumer Behavior
Beware of the customer you think you know.
We live in a time where trends in consumers’ attitudes and behaviors are constantly changing. Each generation, like the X generation, millennials, the Y generation, and the Z generation, has its own set of expectations. You must stay on top of it in a way that is relevant to them, otherwise, you will lose it all.
3- Competitor Innovation
The truth is that change is happening at a breakneck pace, and the question is who will be the first to develop innovations that are more relevant to their customers’ changing behaviors.