Price increases may be inevitable in times of economic hardship, but this doesn’t mean companies don’t have other options. Instead of focusing entirely on cost changes, businesses would fare far better during and after inflationary cycles if they attempted to determine what drives the most value for their customers. To be able to do this… Continue reading Is Raising Prices The Only Option?
Most firms suffer during periods of economic decline – including startups. However, the changing conditions during recessions often present opportunities for smaller, more resourceful firms to outmaneuver larger competitors, who are either engaged in routine business practices or are unable to adapt quickly (except to downsize). That means your startup has an inherent advantage. Successfully… Continue reading How Your Startup Can Survive in an Economic Downturn