Forbes magazine published an article by Guy Kurlandski listing 5 tips for managing startups during times with an economic crisis.
Guy Kurlandski is a Managing Partner of North America operations at Liquidity Capital, providers of unsecured, non-recourse, no dilution growth capital.
Coronavirus lead to an economic downturn and in times like these when even some top international corporations are struggling to keep their grounds, it’s no surprise that startups are struggling too.
Kurlandski’s lists some tips for startups to set the right preventative measures and position themselves to reduce the impact of this recession.
The Five Tips include:
- 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.
To read the detailed article and find out more about each tip, click here.
