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As we continue to evolve with the COVID virus, life is returning to some semblance of pre-COVID normalcy in many locations. However, people are still working remotely, thousands of businesses have closed, a significant number of people have left the food service and hospitality industry, and online shopping remains prevalent. As a manager of a traditional (brick and mortar) restaurant or retail business:
-What internal data would you use to forecast the next 12 months of sales?
-What external data would you be monitoring and analyzing to help you achieve a competitive advantage (be specific)?
-Based on the information gained from that data, what strategies would you employ to get people back in your store
-What data and warning signs would you pay attention to during the next 12 months as a business manager?
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