How To Start A Business In Crisis Market?

1. "

You should know that this is the best for you.

2. focus on creating value.

The key should not be "how can I raise funds and recruit people?"

The key should be "how do I create value?"

Because you create value every day, connect people who feel you can't be replaced, and then you will become irreplaceable.

3. expected costs will decrease.

Understand that not only do people spend less money on you when you are in a recession, but you also need to spend less to make worthwhile things.

4. don't hire as much as you did in 1999.

I see organizations competing to hire 50 people, because they feel it is important to be bigger as soon as possible, which makes me sick.

When they cut 20 people, they said "it's not their fault."

Of course, their mistakes.

It's entirely your fault, Mr. entrepreneur, because you shouldn't have hired 50 people at the beginning.

5. focus on those who cannot be replaced.

The goal is not to hire as many people as you can.

The goal is how indispensable your staff can be.

How far can you simplify the essence of your construction?

6. streamlining institutions and countering giants

Let's take a look at family companies on the Internet.

They are not 18 million dollar Daily Beast companies, nor hundreds of employees.

They are Twitter, with very few teams, but they all have a very consistent vision.

7. discipline is strict.

If you want to follow the budget and the time, you must release the new product when you reach the budget or the deadline. That is what you have to do.

This is a competition.

So, that's what you should do.

Don't you say how can I find enough money to meet the specifications? You have to say, how do I use my existing money to make this specification?