Make the Most of This COVID-Induced Down Time

March 2, 2021

Christy Bareijsza

Christy Bareijsza, CMP, CMM is the founder and chief experience officer of Events By Red Carpet. A former Vice President of Corporate Events for one of North America’s top financial firms, Bareijsza has vast experience in contract negotiation, international etiquette, conference development and sports management. 

 

Dating back to local artisanal trading in medieval Europe and evolving through the Industrial Revolution to the 20th century, trade shows have survived war, disease, economic disaster and travel restrictions. So, why did the COVID-19 pandemic have such a devastating impact on a deep-rooted business practice?

Some may blame political direction or public disenchantment, while others claim the delay in preventative science or sensational media reports. Regardless, the virus has led to an undeniable amount of deaths, ultimately propelling the temporary, but prolonged elimination of face-to-face gatherings. Additionally, the lack of support from state and federal legislature to protect businesses from COVID-19 liabilities has caused additional delays to the industry’s return. 

As a professional who is financially supported by the production of trade shows, how do you realistically sustain your business during this unprecedented time?

Internal Focus

While the convention industry is known for its fast-paced, energetic and timeline-oriented design, we are now faced with the impact of unknown deadlines of global proportion. Therefore, shifting the focus to internal business will not only alleviate the stress of external elements that can’t be controlled, but also allow the time to fix processes that haven’t been ideal but were considered sufficient due to time limitations. Initiating a comprehensive analysis of your brand and sales strategy, administration, revenue streams, subscription technology, advertising, marketing and membership affiliations will not only streamline efficiencies,but  also help you develop a leaner business methodology. The combination of refinement will also initiate a more seamless process when applying for federally funded support.

Education

Continuous learning is the key to keeping the mind active and creativity fresh, whether it’s required CE credits, certifications, business accreditations or indirectly related fields of study. Education is critical for overall career advancement and a necessary part of development. Rather than sit idle and ponder the latest media scandal, dedicate a larger percentage of your time to learning. From complimentary online classes and certifications, to reduced university tuitions and scholarships, there is no better time to take advantage of higher learning. The diversion of studying and new networking groups will temporarily put the mind at ease and help reduce stress.

Connection

Just because the ability to meet face-to-face has been put on hold doesn’t mean human connection has to be completely lost. Technology has ironically hindered the personal touch that solidifies most business relationships, so use this time to reach out to new and existing relationships with “traditional” forms of communication like personal notes, phone calls or small gifts from a local business. The hospitality industry prides itself on creating memorable experiences – rebuild that fond impression by initiating a genuine conversation. Don’t get in the mix of trying to schedule a Zoom call that has a greater probability of being canceled—just reach out at a reasonable time and say, “hello.” This time has been a stressful experience for all and having an empathic conversation not necessarily related to immediate sales or COVID-19 measures being taken will go the extra relationship mile. Also, sharing a proven success story, a complimentary service or mini brainstorm can help shift perspectives and open doors of communication. Loyalty and future business is not only based on skill, but also on genuine effort, mutual understanding and selfless acts.

Words and Actions

Social media provides a “free” platform to share immediate thoughts in conjunction with marketing business services. While these online applications are ideal conduits to remind clients of past successes, they can also be detrimental if used to enforce political views or engage in negative chatter. While freedom of speech is a constitutional right, personal or controversial views should not be a part of your overall business strategy, especially ones made in haste. Use the excess time the pandemic has created to build a weekly social content plan; engage, like, hashtag and comment on other pages; and share personalized photos, video tips or trends. This combination of social media interaction will increase audience participation, expand beyond immediate networks, and set the stage for a higher probability of current and future online sales conversions.

The only aspect of life that can never be recovered is time, so use it wisely, learn the lessons, pay it forward and keep forging ahead. COVID-19 is only a chapter—not a novel. Every page in this unprecedented moment will be far from perfect and will continue to have varying degrees of challenges. Acknowledging the pandemic’s advantages, understanding this time period is temporary, and remaining both positive and accountable will help set the stage for an accelerated recovery when business “normalcy” finally returns.

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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.