Five Tips For Managing Your Startup During An Economic Downturn

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Five Tips For Managing Your Startup During An Economic Downturn

https://www.forbes.com/sites/forbesbusinesscouncil/2020/04/28/five-tips-for-managing-your-startup-during-an-economic-downturn/#:~:text=%20Five%20Tips%20For%20Managing%20Your%20Startup%20During,partners..%20How%20you%20approach%20your%20supplier…%20More%20

Navigating the impact of a recession won’t be easy, but with the right preventative measures, startups can position themselves to ride out the storm.

1. Undertake proven cost-cutting measures.

2.  Turn to freelancers.

3. Be smart about alternative funding options.

4. Develop a plan of action with your strategic partners.

5. Consider pivoting your business. 

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