The event industry has taken a severe knock since the recent pandemic exploded and it is estimated that things will not get back to nearly normal for quite some time. The event industry in particular has been the hardest hit with Pubs, Restaurants and many other venue’s closed. Although there is light at the end of a very long tunnel and many establishments will be allowed to open, it will be with strict measures in place meaning many businesses that serve the event industry will continue to be affected.
Where there is crisis, we must also appreciate that there can be opportunity. Many businesses must conserve cash as much as they can during this crisis but they also must look at opportunities that can arise from the current situation.
Photo Booth hire Companies are one such business that has been severely affected, with venues closing and events cancelled, there has been a dramatic halt to any Photo Booth hire and it is important that Photo Booth Companies first conserve any cash they have to ride out the hard months but at the same time they must find a way to shift some or all of their business to be part of a solution to the covid-19 problem.
There are many opportunities that can arise from this crisis and those Photo Booth Companies that think outside of the box and invest in other products will have the edge on the market when things begin to move again.
We will eventually find a way through the crisis and Weddings and events will take place again, they may have to adopt different strategies but people will still get married and they will still celebrate.
There are many ways Photo Booth hire Companies can diversify to accommodate the changes going forward and investing in a Photography Robot is one solution to social distancing that is working incredibly well. The autonomous Robot will roam free, interact with guests and take Photographs. This not only adds to the experience for guests but also helps solve the problem social distancing will present at many functions in the future.
Those Companies that can see the opportunities rather than the end of their business will thrive when the crisis finally comes to an end.