Ten tips for startups to ride out the slowdown
Don’t panic! Economic cycles are a part of life. The best companies are built in the worst of times. If you panic, your employees will panic. Conserve cash: Delay spending on non-critical things that do not result in revenue generation. Renegotiate vendor contracts, rental contracts, etc. Improve productivity: Get more out of your team. Differentiate between high and low performers:…