Back

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

Professional Business Concepts— 3 “ Business Hibernation Strategy ” Business Hibernation is same as animal hibernation , in this process you just need to survive the period of huge problems and Competition. In this process you need to cut few things from your business and wait for favourable condition 1=} Calculate the market conditions and how it will last 2=} Calculate the impact on your business and revenue 3=} Cut non essential cost 4=} Start negotiating or anybody for better terms 5=} Slow down operations 6=} Stream like everything and focus only on core products 7=} Manage your work force 8=} Reduce less important employees 9=} Reduce working hours and salary 10=} Communicate with your team and tell your problems 11=} Manage cash flow and seek for financial help 12=} Only operate core products that give profits 13=} keep in touch with your loyal customer base 14=} Rebuild everything and with detailed analyse of every problem 15=} Reduce debt and slowly start

4 Replies
1
12
Replies (4)

More like this

Recommendations from Medial

Image Description

Piyush Rawat

Building on regular ... • 1y

Cut Cost By Hiring Freelancers And Giving Project Contracts. If you think hiring a freelancer is not trusting I can understand your problems. I am a freelancer contact me on Twitter I can help cut your money burns: Twitter: OrcusXds

6 Replies
6
Image Description

Dharm Ji

Corporate business h... • 6m

can I help you your business problems solution

1 Reply
3
Image Description
Image Description

Kunal Insa

Let's build somethin... • 10m

Loss Management in Business 1. Risk Assessment: Identify and evaluate potential risks. 2. Cost Control: Manage expenses to reduce unnecessary costs. 3. Insurance Coverage: Protect against unforeseen events. 4. Quality Management: Ensure high prod

See More
4 Replies
5
Image Description
Image Description

Harshajit Sarmah

Founder & Editor of ... • 8m

Just like you audit your business, audit your friendships. If they're draining your energy or time without return, it's time to cut costs.

4 Replies
1
5
Image Description
Image Description

Aakash Kumar

Hey, I'm a new aspir... • 1y

Guys just wanted to know some of the problems you often face in your business and startup

11 Replies
3
Image Description
Image Description

SSUMIT GULATI

Jeet te hai chal • 8m

Swiggy , Zomato and other online platforms are a business model. You open cloud kitchens and think you are a businessman , but you fall in a trap and realise you have become nothing but a vendor of Swiggy and Zomato. order cancellation- money cut X

See More
9 Replies
1
9
Image Description
Image Description

Chahit Sanghvi

Modern Marwadi Entre... • 1y

Please describe your business problems I'll try solving it ! ( it's Resourceful and knowledgeable to ask so please do )

7 Replies
6

Download the medial app to read full posts, comements and news.