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Shashikant S Kulkarni

How To Succeed In A Downturn

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How Start a Startup during a recession

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Page 1: How To Succeed In A Downturn

Shashikant S Kulkarni

Page 2: How To Succeed In A Downturn

Do not worry Start a New Business in the recession

Don’t compromise with the quality of the Product/Service

Start With Little CapitalBootstrap, do not go for institutional

funding (Request Family and Friends)

Page 3: How To Succeed In A Downturn

Reduce gestation period of business Instead focus on Monetization (e.g.,

A company which develops products & services must focus on Services, because that brings faster Cash)

Have a Committed team, with necessary domain expertise and proven track record.

Page 4: How To Succeed In A Downturn

Focus on ‘What We are doing’ and' How We can do it better’

In the due course don’t get defocused, confused and demoralized

Innovate

Page 5: How To Succeed In A Downturn

Always concentrate on ‘must-have’ rather than ‘nice-to-have’ products (Remember Wal-Marts “Save Money Live Better” philosophy

So don’t wait hurry up