The local grocery store was going to close. There were two other stores close by and foot traffic wasn’t where it needed to be. Both received a significant facelift, but this one had the hallmarks of a store from decades ago.
And then conditions change. A new freeway offramp was constructed that increased the flow of traffic to the store. And all of a sudden its fate changed. The economics of the store made sense to keep it open.
Conditions change all the time in the business landscape. And many times they are out of your control. But the change can have a significant impact on your business. Do you have a mechanism to note the changes and adjust your strategy accordingly?