Following the bankruptcy of Joann’s and Party City, Michaels has started carrying festive paper products, fabric, sewing supplies, and balloons. While it is great for customers that these items are available for in-store purchases, I wonder what Michaels is no longer carrying in order to accommodate this new inventory.
I thought the same thing when Target reorganized its stores to feature grocery products and an expanded beauty section. Other stores have redone their layouts to feature spacious displays. No square feet were added, so something had to be lost in the transition. Did they make this possible with a smaller selection of the same items, or were whole product lines removed to make room for the new?
The same principle applies to your time. It’s nice that you added an exercise routine, but what did you forego? Your customer appreciated the in-person meeting, but what was set aside to make that possible? You started a side hustle, but what did you give up in order to manage it? It’s nice that your team wants to start a new project, but what aren’t they going to do because of it?
Certain resources are finite, and while it is necessary to rearrange them, don’t forget to consider what is being lost as you get excited about what is gained.
