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Arcane

Hey, I'm on Medial • 1y

Startup Simulations #1 Your startup, let's call it "Freshfoods," has been delivering organic, locally-sourced meal kits for the past year. You've gained a loyal customer base and have been steadily growing. However, things have taken a turn. Your m

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

That's why I always prefer emergency funds and my business always have 6-7 months runways so that situation never happened in my leadership but if happens then I will definitely prefer my plan b for tackle this because I always prefer to check all the possibilities and situation. Step 1 - cut 50% salary Step 2 - cut offers Step 3 - sell some family assets Step 4 - move towards profitability Step 5 - slow down some expanding plans Step 6 - start market analysis and Competition strategies Anyday I become profitable if that situation happens with me

1 replies3 likes

Replies (1)

Arcane

Hey, I'm on Medial • 1y

Thanks for an elaborate answer! Keeping an emergency fund for sure is a great startegy.

0 replies1 like

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