Strategies for tackling recession

Growth | Survival | Doom The thin line in between By Abhishek Rungta Founder / CEO, Indus Net Technologies

Recession = Reality Check
Recession is cyclic and hence predictable
It is a reality check on our value proposition, customer loyalty and business strategy
It is not forever!

Strategy & planning
Are you afraid of pirates? Rethink your strategy.
Do you have a back-up plan for every critical step you are taking?
Are you executing or just planning?

So what is your value proposition?
Does your service / product have value for your clients? Is it proven?
Are you measuring your marketing spend? Change the mix.
It is time and check if you will buy what you are selling?

Is your HR aligned?
Is your focus your headcount?
Do you know how much each employee is earning for you?
Are you really developing your people?
Image credits: Image of the Involver Team

Money Matters!
Do you have cash surplus? If not, why?
Are you saving where you can and investing where you should?
Drill down as much as you can. There is a lot to discover! (Hint: Project based accounting)

The beauty of managed diversity
More Revenue Streams, Insights, Control
Less Risk
Diversity in
manpower,
clients,
business areas,
revenue models

The light bulb problem
Q> How many IT experts do you need to fix the light bulb?
A> As many as you wish!
Be £ Wise & penny foolish.
Use resources wisely. They cost.
Focus on value, productivity and results

What will recession teach us?
What does not work.
Risk Management.
Profitability is important. Valuation is not.
Strong fundamentals win. Always!

Reaching me
[email_address]
+91-9831151614
Blog:
www.abhishekrungta.com
Twitter:
@abhishekrungta
Some images have been used from some websites. If anybody has an objection, please notify me and I will remove them.

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Strategies for tackling recession

by Indus Net Technologies on Mar 26, 2009

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