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“FORTUNE FAVOURS THE BOLD”

Paula Kaye • Sep 26, 2020

Finding A Competitive Edge 

The announcement from Boris this week regarding further restrictions for pubs and restaurants has delivered yet another blow to a sector already struggling to recover. With sales across the Eating Out market falling 87% in the second quarter of 2020, equivalent to £30bn in lost revenue the need businesses to adapt and innovative to remain competitive has never been greater. 

Business Leaders need to act boldly and innovate quickly to ensure they deliver an experience and service relevant to their customers. How can business leaders learn from elite sporting teams, relentless in their pursuit of excellence they analyse every aspect of their performance to identify marginal gains that give them the competitive edge to secure a win. The “will it make the boat go faster” process that inspired Ben-Hunts Journey to Olympic Gold for the men’s Rowing Eight at Sydney in 2000 is an approach that can support leaders and teams identifying areas that will provide the step change in performance needed to ride out these challenging times. 

Pano, CEO of Pret is a great example of a leader not afraid to take some bold decisions to ensure the longevity of the  business, in a recent interview with the Guardian newspaper he shared that Covid had provided the licence to rip up the rule book, ditching Pret's corporate mantra of “follow the sky Scrapers” to “follow the people”. This led to the recent launch of a monthly coffee subscription which 16,500 people signed up to in the first week. Delivery a previous no go for Pret is now being fully embraced and has grown from 0.4% to 6% of their total business and set to grow further with the development of a new evening offer aimed at delivery. 

It is important leaders are spending time “on” their business rather than being lost “in” them to develop the competitive edge needed for survival in these fast changing and challenging times. Many leaders may  be feeling lost and alone at the moment, Boost Consultancy explores the key elements that will help businesses develop the competitive edge needed to survive. 

EXPERIENCE IS EVERYTHING 

Delivering a great experience for your customer has never been more important,  providing  customer service that is professional and engaging and seamlessly incorporates the  new guidelines without compromising quality is key.  Giving attention to your brand aesthetics and tone of voice when signposting customers will help create something that meets expectations and provides familiarity that will reassure and build trust.   Making the increased cleaning and hygiene measures visible to the customer and having an effective process for capturing track and trace as guests arrive allows customers to relax and enjoy the experience. 

MATCH FIT  

In recessionary times ensuring your business model is lean and fit will help ensure you can weather the turbulent trading conditions.  Reviewing  every aspect of your business model giving consideration to every process and how it serves the customer and enhances the experience will highlight opportunities to improve efficiencies and optimise performance.   Be honest about your current context and develop an open, curious and questioning mindset as this will support the  discovery of new opportunities to optimise performance.  Be forensic in your approach, examine every aspect of the P&L to identify where costs can be  removed or reduced without impacting the quality or service.  Getting your business fit and in shape will allow you to be agile and flexible and respond quickly as changes happen. 

VALUES MATTER  

Peter Drucker famously  said "Culture eats strategy for breakfast", having a sustainable business model that incorporates a social as well as environmental agenda is key to building a strong business.  Developing a values based culture that considers the needs of all stakeholders will serve you well at this time.   Using your core values to guide important decisions and changes and making sure you can communicate how they align  to your principles and values will build trust.  Having  business values that are woven into the culture of your organisation  cultivates trust from both your customers and employees.  There is a call for  more sustainable and responsible businesses with a clear purpose that is about more than just driving profits.  The approach your businesses takes to handling  difficult decisions,  such as redundancies and the support and care they demonstrate to those affected will be a key decider for your success or demise. 

BOLD AND BRAVE  

They say fortune favours the bold, the times we find ourselves in require leaders to think of differently, finding innovative solutions and identifying new opportunities that will drive the success of their business. One CEO spoke about Covid having required them to line up and shoot all the sacred cows in their business that had previously limited creativity and new ways of thinking . Removing these barriers freed them  from previous limitations and  generated new and exciting ways to serve the changing needs of their customers. 

ANTENNA UP RADAR ON

In the onboarding process at The Ritz Carlton they train the importance for employees to have their “Antenna up Radar on” they encourage them to actively seek out opportunities to delight customers and deliver outstanding service that improves business performance. This is a great mantra for businesses to adopt, keeping focused and in tune with changing behaviours of existing and new customers will ensure relevancy and responsiveness. True hospitality is the ability to connect and engage at an emotional level and businesses able to do this will be the ones to succeed. Delivering a great customer experience is a top priority, customers want to  escape the negative narrative and find positive and uplifting places to spend their time.   Getting your team focused on creating an environment that provides an oasis will make customers want to return.  

Surviving the ongoing challenges presented by Covid 19 requires your  best performance to develop a  business model that is healthy and sustainable.  We will sadly experience more casualties over the next few months with more businesses closing their doors,  I am hopeful that the hospitality businesses able to adapt and pivot effectively will not only survive but thrive as new opportunities are created to drive performance.  So how fit is your business and what more could you do to improve its health? 

If you would like to know more or want to arrange a free health check for your business then please  get in touch to see how we can help at enquiries@boost- consultancy.co.uk.  



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If you are saying YES to something, what is it your saying NO to…. A key part of my role as a consultant is to partner with business leaders and owners to help them work through challenges to highlight the opportunities as well as helping them get clear on what this means they may need to let go. I recently read that the courage to grow demands the courage to let go…. I am often asked to support business leaders and owners who are a bit stuck on seeing the way forward and need some expert advice and support to help them generate the options and choices open to them. If you are a hospitality or retail business with a current challenge that could use the sort of skills and expertise I bring, then click here to contact me . To understand more about me and how I approach my work with clients, take a look at my recently updated website and some of the work I have completed click here .
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Consistency is key, great service never has a day off, you need to deliver on your brand promise every time. By mapping the step by step customer journey so every member of the team knows exactly what they need to deliver for the customer to feel special and engaged. This should start from the moment customers are planning their visit through to the welcome on arrival and right through to the thank you and goodbye. A way to envisage this is to imagine your customers are taking a magic carpet ride, for them to have the full experience you need to ensure nothing is missed out so your customers can enjoy the full brand experience delivered to them by ambassadors and promoters of your brand. 3. Systems behind the service : You need to have the right processes and practices to make the delivery of exceptional service easy. This includes a clear purpose beyond making money that all the team can get behind. Having defined service values around employees’ behaviours will provide clarity on expectations so they can hold themselves and one another to account. A great Induction and onboarding process centred around your Customer Experience. Service Manuals that provide a step by step guide to support training and embed best practice. Having the right people is critical so ensuring your recruitment policy reflects the need to recruit for personality, appointing people who have a natural flair/ desire to be of service. Consider putting in place daily briefings to reinforce the mission and to set your team up for success. 4. Reward the behaviours you want to see , develop a Reward and Recognition initiative, sharing stories of great customer engagement to highlight and encourage best practice. Measure customer satisfaction in a way that allows customers to highlight great staff members and ensure leaders take time to speak to and acknowledge those mentioned. Promote the idea of lateral customer service to develop a culture of peer-based recognition allowing employees to nominate colleagues who they see go out of their way to deliver great service either internally or directly to a customer. Leaders need to role model this, taking time to acknowledge those who go out of their way to deliver exceptional service. 5. Keep raising the bar as great service never stops you need to be relentless in your pursuit of customer service excellence. Develop a culture of continuous improvement encourage ideas from the team to evolve and improve the way you do things. Get everyone in the team to ask yourselves each week what they have done to make a difference to the customer experience and share the stories. 6. Recovery Quickly: Every business gets it wrong sometimes, but customer focused ones know they need to put things right quickly and professionally. They have an excellent recovery process for complaints, and they empower their teams to do what is needed to make sure that every customer goes away delighted. They respond to complaints in a timely matter, always within 24 hours of receiving it. They track complaints and collate information so they can use this data effectively to highlight any themes and they work tirelessly to address them. Businesses with a culture of great service know happy staff mean happy customers, so they put people at the heart of everything they do. They invest in their people, seeing value in training and developing their teams so they can be the best they can be. They know customers value the opportunity to build rapport and relationship, creating a loyal and engaged team provides stability and tenure means staff can get to know their customers, their likes and dislikes, allowing them to anticipate their needs and build strong relationships. They never adopt hard selling techniques as the quality of their products and service means they don’t need to as employees feel proud to share knowledge and assist customers in navigating the menu without feeling the pressure to directly sell. Great service is all about making the process as easy and enjoyable as you can for your customer. Great service is seamless every element creates a chain reaction that delights customers it builds trust and makes the customer feel special and looked after. Businesses with a great service culture create a loyal customer base by building strong and authentic relationships. Their customers and staff become their ambassadors and promoters by sharing the experience with other. A positive legacy of the pandemic is that customers will be seeking out businesses that provide an experience that engages with them on an emotional level, lifting spirits and creating happiness. If want to know how you take your customer experience to a new level contact me at enquires@boost-consultancy.co.uk or call me on 07595 278159 as I would love to help.
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