Startup World
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Activity:
30 views;
last activity : 07 06 2010 20:18:09 +0000
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Lowering your prices earlier.
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PLanned production against market demand
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Fitness checkup
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Offer equity instead of cash
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Reduce salary
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During an economic downturn, the best approach for a business to stay afloat is by lowering the prices. During economic slowdown you have to lower the prices in the future, if you do it earlier you will have an added advantage over your competitors. |
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Lowering the prices will help you expand your customer base, allowing your company to become even stronger when the economy recovers.
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In the present situation of worldly Recession if companies become aware joining hands together with its production and marketing staffs in such a way ; that they produce just the amount of product as they have to supply readily to the consumer.If it stop extra production and stocking it will reduce its expenses inrespect of temporary labors,and also will get rid of interest which is a loss against the cost incurred in stock. So I feel if the company irrespective of how big it is think in this line itr will sure come out of hurdles its now facing in this hard time. |
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In the boon time companies will have time to plan for the competition. I hope this is the excellent time we the company look in terms of its internal process and make them effecient or making it IT enabled. This would be the best period for internal restructuring and reduce the ineffecincies in the company once you reduce the extra fat and be fit when the market picks up company would be able to command the show
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Offer people equity instead of cash e.g. in place of bonuses. Well you can do this without outside vendors. |
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We all have seen during economic downturn companies layoffs employees, but best way to avoid this in your company is to address salary and benefit issues early with your employees. |
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- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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All other industry seems to be in recession other than Telecom Industry. Do you agree that... |
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2 referals
54 arguments,
3684 views
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There are more disadvantages vs advantages |
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114 referals
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Job hopping is common today, organizations are struggling to retain top talent with them, as the... |
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748 referals
112 arguments,
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When we are watching news channels or any other channel or reading news papers you bump upon... |
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2022 referals
13 votes,
283 views
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we all know the perils of talking on cell phones while driving. besides being hazourdous to... |
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290 referals
2 votes,
36 views
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202 referals
3 votes,
135 views
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How convenient it is to blame the government.. There are flaws in government and then there were always flaws there.. now we can see them clearly because many people are coming up and giving voice to the wrong practices.. |
It is a wonderful concept but we need a right plan to follow it. Just an idea wont help. |
Bad news really bad news . 1) We should produce our own arms . 2) More arms means more fight. 3) Only arms would not ensure security. |