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Hari kiran

Insight guru • 6d

GIVE AWAY ALERT!!!! - A BOOK OF MY CHOICE FOR 1 WINNER WHO GIVES AN APPROPRIATE ANSWER (I would be the judge and jury for all the answers) TO MY QUESTION. QUESTION:: You are the founder of a small bootstrapped company who provide tech services to various mid size MNCs across the globe. Your team comprises 50 IT employees who were divided and allocated into various projects. You have a HR dealing with recruitments, a CFO looking after the finances of the company. You took 2 independent board members who had advisory equity and two more family members as the part of your board. Your company is 5 years old, has a good track record of growth in first years but the last 2 years, revenue is declining 20% a year and profitability declining 10% an year. Reason for the degrowth is the global slow down in the western companies which eventually led to aggressive negotiations from those companies regarding the project costs. Simultaneously, there's a pressure from the employees for increase of salaries who are threatening to leave the organization if their demands are not taken care of. Also, a new AI company is in the market which can be a good competition in providing similar kind of services to the clients at a cost which is 20% cheaper than your quotations. You have $100 million in your bank and as the founder CEO of the company you need to tackle all the situations. WHAT WOULD YOU DO? PS: Your answers can be elaborate, can be dealing with one or all the problems mentioned. Write the intentions and reasons behind your answer. I admit that, there's no standard bookish answer for this, So, I'd just evaluate the answers based on my ability to understand and select the best one that I find reasonable. You have one week to answer and I would declare my winner on 25/08/2025. Winner receives a original hard copy of a book which I believe is something that can guide an entrepreneur in managing his company and keep good relations with the employees. I can promise that it would be a great book . Good luck

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Rishi Chavan

Inquisitive • 3d

I’d first level with my team and board about exactly where we stand. Time is money, so I’d call a quick meeting, lay out the numbers, the competitive threats, and our available cash, making it clear there’s no room for business as usual. I’d explain right away that only essential, profitable projects will move forward; clients looking elsewhere due to cost will get immediate offers with price adjustments or bundled value, but only if their business actually helps the bottom line. With employees demanding raises, I’d be fair but firm. I’d identify who this company absolutely can’t afford to lose maybe 10 or 15 people out of 50 and take care of them with selective raises or retention bonuses. For everyone else, I’d clearly state there won’t be across-the-board salary increases now, but I’d commit to revisiting this in six months and make sure they see real efforts in upskilling, especially in AI. This is about survival, and the team deserves honesty and a sense of direction, not empty promises. Knowing we can’t ignore the AI threat, I’d pull together a small, sharp group from my current team to quickly prototype an AI add-on or new tool, no perfectionism allowed. I’d also immediately start looking for a quick partnership or small acquisition in the AI space. At the same time, I’d tighten all non-essential spending if it doesn’t directly protect revenue or build our future offering, it’s paused or cut. I’d keep the board fully looped-in, using my independent directors for their experience in past downturns and press them for leads or introductions to potential new clients. Through it all, I’d make sure communication is open and frequent, clients, board, and staff should never be in the dark about what’s going on or why.

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