Anticipation is palpable in our industry as we put the second month of the new year behind us. Everyone is speculating and chomping at the bit to get back to the show floor. The big question is, are you ready?
What kind of question is that? Of course, you’re ready. There’s nothing you’ve ever been more ready for. Maybe a better question is, are you prepared?
Have you put strategies in place to handle challenges in cash flow, overhead and growth? What could be worse than finally getting back to business and having to turn down work because you lack the capabilities or capacity to deliver? Or taking on work you can’t handle - sacrificing values and company culture in the process?
The good news is it’s not too late. With many forecasting a major return later in 2021, there is still ample time for you to focus on positioning yourself for success.
Overhead Costs and Ramping Up
With a changed landscape, we need to acknowledge that stepping right back into where we were isn’t an option. Managing growth through smart staffing, operational and production strategies will be key to ensuring your organization survives and thrives in a post-COVID world.
(Re)Building a Team
Your people are your biggest asset in delivering the quality product your clients expect and building a company culture that makes you happy to work where you do. So (re)building your team deserves intentionality and careful consideration.
Balancing that with a potentially fast and furious ramp-up in business will be a challenge that every organization should be ready for. Hiring the wrong people can be disastrous. But no one wants to turn down business after being sidelined for a year. Timing will be everything.
Partnering with a company that provides industry experts through a white label service is one strategy exhibit producers can employ to strike this balance. This can be a way to gain access to experienced trade show pros who act as members of your organization – giving you the expert operational help you need, as you need it, without the risk of jumping into an employee relationship too soon.
This strategy can take you beyond the COVID return, providing a way to scale your business, without overtaxing the team you worked so hard to (re)build.
Obviously, we all prefer face-to-face interaction, but don’t let networking fall by the wayside while events are on hold. One of the best things you can be doing right now is strengthening and building your professional network. LinkedIn is a great place to connect with other industry pros, meet new people, share information and strategies for navigating this new landscape together.
Don’t let your vendors fall off the list of people to stay in touch with. Do you know what’s going on with your trusted partners? Do their capabilities now fit your future needs? There is a good chance you will need to establish some new vendor relationships in the coming months. Don’t be surprised later with information you could find out now.
Wholesale Exhibit Production
Changes in capabilities go hand in hand with changes in staff levels. Until you return to some semblance of normalcy, establishing relationships with wholesale exhibit providers is a strategy that can help you navigate this expensive portion of the exhibit creation process.
There are a number of options across the U.S. to choose from. It may take some trial and error to determine which one fits best with your business model, but once you have a trusted partner or partners, you have the opportunity to scale your business in a way that you would never be able to if you produced everything in house.
Focus on the Internal
If you haven’t been using the last year fine-tuning your operations, strengthening your vendor relationships and searching out the weak points in your internal workflow (organizationally and individually), you’ve been missing out on a huge opportunity.
Personal/professional development reading and listening to podcasts can be a great way to make little changes that can make a big difference in your day-to-day life.
In Good Times and Bad
Of course, these are all good things to consider during regular times, too. But right now, employing smart strategies to overcome unique challenges will decide who survives and thrives in our industry in the years to come.