Just as in many other organizations, the commencing of a New Year usually comes around with the setting of the new organizational goals. However most times, the probability of success of this goals lies on a 50 by 50 chance. At times, the set goals hardy passes for more than three months before hell breaks loose. But its business and risks are bound to happen whether we have set the right infrastructure and even assign a great number of manpower to mitigate those risks. It also goes without the saying that the Frank Pizza may have gone through a great period of time doing business well and employing too a great number of people. However there are certain hotel industry risks that call intense attention in 2018 and if not looked into, it may cause the collapse of so many hotels and restaurants. Some of the big risks for Frank Pizza that it may face in 2018 include.
Increase in the number of Online Orders. In one way, we may say that this calls for more and more money. But after conducting a further feasibility study, we may realize that the rise in the number of online orders, may lead to a decline in the number of on store visits. This is the same scenario that currently faces the JC Penny Departmental store in the USA. In instances whereby you experience the later, you become tongue tied of what to do .Should you close down some of the Frank Pizza Outlets that are not making a lot of profit and supplement that with the number of online orders. Should you just sit back and earn from the both online purchases and on store purchases. Thesis a big risks that not only face the Frank Pizza but as well a lot of other hotel business too. As you will realize here, any move that you take will have dire consequences but that’s what’s C.E.O are appointed and paid for. To take those risky business decision and ensure that the business doesn’t fall apart.
Franks Pizza In 2018
Use of the Digital Currency in making for Payments
Let’s say that 2018 will be a good year for a lot of the digital currency. Starting with bitcoin, the cryptocurrency has grown from scratch to become this huge and most of the people love it. On top of that the cryptocurrency has now registered a lot of number of users and companies& hotels have adapted to the use of the Digital currencies in the making of online payements.This will definitely not ogre well for the Frank Pizza due to the fact that this restaurant has not yet fully adapted to the use of the same in the making of the payments to their platform. As one will realize that the price of a single bitcoin and any other forms of currencies is way above the ordering of one or two pizza at the franks Pizza. Customers who decide to use the cryptocurrency in the making of the digital payment may surge forward and purchase from departmental stores and other large hotel industry that sell a wide array of commodities. This may cause bad business to the Franks Pizza. Beside the purchasing bit, there arises another problem with the digitals currencies. So many startups restaurants and hotels are currently using the Initial Coin Offering to raise money for the upgrading of their business. This will mean that by the end of 20128, there will be large entry of firms not only in the hotel industry but in other industries as well. This is really a big risk and most business are just waiting to see the Block chain technology go down just as the Public Likes thing s and many other technologies which have crippled.
Need for Expansion of their Premises
Whether it will be more online than on restaurant offers or vice versa, an increase in sales may call for that need to restructure the whole business. Let’s begin by saying that the Frank Pizza restaurant is not that big enough to accommodate a lot of customers at a go. First they will need to expand their floor space and ensure that there is quite a plenty of space that will be able to store and serve a lot of customers. Secondly, this will also call for the expansion of some of their other supportive areas like the parking areas. Overall, this will come forth with a cost and it will take quite couple of years for the same to be actualized in all of the Frank Pizza outlets. At the same time the channeling of finances to renovate some of their premises at this time may cause a great reduction of their profits and sales in the long run. Not to mention that consumers may shift to other restaurant and place their orders. This could snatch some of their loyal customers.
Franks Pizza In 2018
Intense Competition from Other Hotel Industry
There is something that is going on with the most of the restaurants. 2018 seems to be quite a big year with most of the restaurants being on the go to offer eximious service to the customers. Even the later Sleeping giants are waking up and renovating their premises, appointing well qualified staff and the ensuring that customers get close to an instant delivery in the purchase that they make in the restaurants. Some of the offers which are being thrown to customers may make you wonder if this guys are really selling at cost or there is something! This competition is something that the Frank pizza should prepare to tackle in 2018 if they are to go as one of the best Pizza restaurant in the USA.
In conclusion, this year seems to be a big year for most businesses. There is something that we don’t understand about 2018 and business. Its simple most of the business are trying to go platinum with the use of technology in all their business and the one that will succeed will definitely rule the day