Wisdom-Trek / Creating a Legacy
Welcome to Day 1398 of our Wisdom-Trek, and thank you for joining me.
This is Guthrie Chamberlain, Your Guide to Wisdom
Life After Covid-19 Part 3 – Ask Gramps
Wisdom – the final frontier to true knowledge. Welcome to Wisdom-Trek where our mission is to create a legacy of wisdom, to seek out discernment and insights, and to boldly grow where few have chosen to grow before.
Hello, my friend, I am Guthrie Chamberlain, your captain on our journey to increase wisdom and create a living legacy. Thank you for joining us today as we explore wisdom on our 2nd millennium of podcasts. This is Day 1398 of our trek, and it is time for our Philosophy Friday series. Each Friday, we will ponder some of the fundamental truths and mysteries of life and how they can impact us in creating our living legacy. As we continue on this trek called life, sometimes we have questions about life, so our Friday trek is a time when we can “Ask Gramps.” Gramps will answer questions that you would like to ask your dad or granddad, but for whatever reason, you are unable to. No matter how old we are, I know that all of us would like the opportunity to ask Dad or Gramps questions about life in many areas.
We may mix it up a bit on our Friday episodes, but we will strive to keep them down to earth and enjoyable. If you have any questions that you would like to ask Gramps, please email them to guthrie@wisdom-trek.com.
Earlier this month, we addressed a question that is too broad to answer in one episode. The answer today is the third in a series that will span several weeks, which I will address on our Ask Gramps episodes, discussing the long term economic effects of the pandemic. Please make sure that you download our Friday podcast sessions to follow the complete analysis. Better yet, subscribe to Wisdom-Trek so you can gain a bit of wisdom five days a week. So here is the question…
“Hey, Gramps, I realize that after this whole Covid-19 pandemic is under control, life will take on some sort of normalcy for most people. I can’t get my mind around how life will change with so many people out of work and many businesses not being able to survive. What is your take on how life will be after Covid-19?”
Life After Covid-19 Part 3
Our analysis so far has been overall jobs in manufacturing and brick-and-mortar retail. As I mentioned the past couple of weeks, I do not have a crystal ball nor a prophetic message about life after Covid-19. That being said, I do have over 40 years of business and nearly 64 years of life experience, which helps me to see what others may not.
The core of the content today and in subsequent weeks comes from a book and companion blog written by Peter Diamandis. His book The Future Is Faster Than You Think was published in January of this year before Covid-19. Peter has recently also stated that Covid-19 would accelerate his predictions significantly. I recommend his book.
Let me once again offer some perspective. It has been said that crises don’t so much alter the course of history as accelerate changes that are already underway. Exponential technology has been disrupting traditional industries at an ever-increasing pace. The pandemic has put these changes into hyperspeed. Never have we had the opportunity to rewrite entire sectors, redefine the problems they address, and reinvent their solutions. This is a scary and also exciting time to be alive! Any time we have a disaster such as this, there is also unlimited opportunity.
The next economic sector we will explore is the restaurant industry & future dining.
Impact: In the same way that the 2008 economic crisis devastated housing, the pandemic of 2020 is laying waste to the restaurant industry.
As Phillip Stutts mentioned on a recent podcast with Peter Diamandis, “even when America fully opens the economy, 30-50% of the restaurant industry will disappear.” Think about it — if you remove 65% of a restaurant and bar’s seating to be socially distant, there is no money to be made. Even if official “social distancing” measures are relaxed, ingrained habits die hard as residual caution lingers in the public’s mind.
On the good news side, according to an AMC Global survey, 38% of polled consumers plan to support local businesses far more in the future, indicating a dramatic emphasis on community support and local dining. If you are in the restaurant or related business, or would like to be, what are some of the opportunities that will be a result of Covid-19?
Entrepreneurial Opportunities: Here are some ideas to consider.
(1) Enter KaaS, or “Kitchen-as-a-Service:” For many restaurant owners, it’s time to ditch your dine-in square footage, and focus on maximizing your kitchen to prepare “fine dining” services and deliver these to your local clients. Send out push emails every morning with the “special of the day,” and grant users easy access with a one-touch purchase. Make it easy. You could also consider delivering frozen meals that are easy to reheat.
(2) Offer White-Glove Service: Imagine restarting your restaurant with a Post-COVID mindset that accounts for the significant consumer shifts discussed above, emphasizing trust, safety, and consistency. Ironically, the post-COVID era may be the best time to start a restaurant. As Stutts explains, “You can negotiate cheap commercial rent, the labor is available, and you can be flexible with seating capacity (you [won’t] be married to the old model).”
Imagine offering a service where you not only deliver meals to your client’s home but provide in-home servers that set the table, serve the meal (with N95 masks and gloves), pour the wine, and take away the dirty plates. Turn-key and high-touch!
(3) Robotics & AI: And for the tech geeks out there, the use of AI “food recommendation” engines and autonomous delivery robots that can easily deliver within a few miles of a restaurant, should both be materializing shortly. One great example is the work done by a company called Starship Robots, accelerating your access to a KaaS provider near you. Many companies will be providing vehicles for deliveries, including some drone options. A world of possibilities is just opening up now. You must be prepared for the next wave.
Now is not the time to retreat, but to look for the opportunities that are just opening up in this new era of business.
24:14&version=NLT" target="_blank" rel="noopener noreferrer">Proverbs 24:14
In the same way, wisdom is sweet to your soul. If you find it, you will have a bright future, and your hopes will not be cut short.
We are still just scratching the surface of some of the accelerated changes that we will see in the next few years. Next Friday, we will explore more areas of transformation that is to come, specifically in commercial real estate and offices.
That is a wrap for today’s question. Join us again next Friday for another question on our Ask Gramps episode. Our next trek is Mediation Monday, where we will help you reflect on what is most important in life. So encourage your friends and family to join us and then come along on Monday for another day of our Wisdom-Trek, Creating a Legacy.
If you would like to listen to any of the past 1397 daily treks or read the associated journals, they are all available at Wisdom-Trek.com. I encourage you to subscribe to Wisdom-Trek on your favorite podcast player so that each day will be downloaded to you automatically.
As we take this trek together, let us always:
- Live Abundantly (Fully)
- Love Unconditionally
- Listen Intentionally
- Learn Continuously
- Lend to others Generously
- Lead with Integrity
- Leave a Living Legacy Each Day
I am Guthrie Chamberlain reminding you to Keep Moving Forward, Enjoy Your Journey, and Create a Great Day Everyday! See you on Monday!
Leave a Reply