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How Start a Startup during a recession
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Shashikant S Kulkarni
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)
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.
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
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