How startups can beat recession?
Tags :
starting during recession, economy, startup in a bad economy, start up, startup, business startup, starting a business, startups, funding, small business startup, venture capital, angel investor
Industry :
Management & Strategy Consulting, Hedge Funds/VCs/Private Equity, Technology Consulting, IT Products, IT Services, Construction, Industrial Products/Heavy Machinery, Oil & Gas, Banking, Automobile, Advertising/PR/MR/Events, Hospitality
Functional Area : India, Business Processes, Strategy Execution, Organizational Development, Consumer Sales, Product Development |
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About "How startups can beat recession?" topic:
The economy may be sputtering, but entrepreneurs can still succeed with the right business model and cost controls. In this topic let us discuss all aspects of on how recession should be dealth by Startups......
2 trends
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, 2 debates
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, 1 question
on topic: "How startups can beat recession?"
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I recently participated in an ET panel discussion. The slides are attached below. Some recommendation to entrepreneurs Hard to predict when markets would be getting better Cut down burn to the extent possible Try to get to profitability asap Don’t spend ahead of market to try and get market-share Great time to understand need build value into products and services, without overspending on sales marketing Make sure you’re in it for the right reasons; not for a quick exit, esp, with India still being very early in many ways
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Joe Gonsalves
| Commented
| 3 years ago
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Very nice.. this will help all startup's in building a strong organisatioin down the line..Thanx for the inputs and info shared..
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Insight: "Tough times are good times for entrepreneurs" deleted from your view.
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Dotcom burst in 2000-2001 was the worst time for IT professionals. It hit almost all big IT companies throughout the world. That dot-com burst or IT bubble burst wiped away as much as $5 trillion from IT companies. Among worst hits, professionals were leading the hierarchy. The current scenario reflects more or less the same situation. US economy is recessing and IT world is again facing a setback. At this moment, you are left with lesser options or excuses to defend yourself for a kick throwing you out of the job. In such turmoil, businesses just look for the alternatives that can save them money and cut on costs. Management does not care to give you a moment’s notice and you are out of th...
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Sairam. M
| Commented
| 10 months ago
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INSIGHTS DO NOT SUPPORT GRAPHICS, EVEN THOUGH I TRIED TO DRAW A NETWORK DIAGRAM FOR VPN SERVER. IN DEBATES WE CAN DRAW MUCH BETTER.
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Sairam. M
| Commented
| 10 months ago
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YES, VIRTUAL PRIVATE NETWORK. A NETWORK SHOULD HAVE DOMAIN CONTROLLER, DNS, DHCP (SOMETIMES STATIC) AND VPN SERVER WITH 2 PHYSICAL LAN CARDS. NETWORK DIAGRAM FOR VPN (STATIC IP) DC, DNS VPN SERVER VPN CLIENT | | | _ _ _ _ _ _ _ _ _ _ _ _ | |...
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Shaillender Mittal
| Commented
| 3 years ago
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Pratyush is right. even IPSec has vulerabilities. And all of this because Identity (the labels of end points) are all absolute. We have a mechanisms to authenticate before identity credentials are shared, based on existing mathematical frameworks...
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Trends: "VPN The Tool for Coping with Recession" deleted from your view.
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1
Less Capital Cost
2
Less competition
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Business Management Consultant
| Supported idea
"Less competition"
| 2 years ago
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Well you can say that it's a many different things all rolled into one. But with there being less competition can lead to cheaper start-up costs. Someone could get ahead of their competition while they're down and out. Also once the economy...
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Shaju George
| Added idea
"Less Capital Cost"
| 3 years ago
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Due to recession, prices are going down which will help in setting up the start up at lesser capital expeses. Rentals, interest rates.. all are in the negative trend due to which there is a good scope for negotiations in all fields and better prices.
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vishab veer singh rana
| Supported idea
"Less Capital Cost"
| 2 years ago
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in downturn time one can sustain his startup easily for longer period and can learn more things .and one can hire qualified people for his start up on lesser cost which can help him/her for his start ups future growth. so i believe slowdown is...
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Ideate: "Why to start a Startup in Economic Downturn ?" deleted from your view.
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Hi friends, Here is a small list of startups which were considered as `trailblazers' and `sizzlers' till a year back have either closed down or have been sold. I wonder till what extent this slowdown monster will be there........ Guava Technologies Guava Technologies Inc is among the startups that sold themselves up for sums which experts term less than what their investors may have spent on them. Millipore Corp acquired Guava Technologies, a developer of cell-analysis systems, for $22.6 million. California-based Guava made roughly $22 million in revenue last year. TZero Technologies Another tech start-up that fell victim to the economic downturn was TZero Technologies, a Ultra-wideband (...
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Anil Kumar Singh
| Commented
| 3 years ago
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I wonder how many startups in India has been closed!!! Thanks for sharing....hope to see more updates on recession affecting startups...
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Trends: "Recession: Tech startups that closed" deleted from your view.
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By Jess Halliday, UK organic farmers will not have the option to switch to conventional animal feed during the recession, the Soil Association has decided, as a consultation raised concern for consumer confidence. In late 2008 organic certifiers began floating the idea for organic farmers to have the option to feed some animals conventional feed for a limited time, in order to have some respite from the higher costs of organic feed. These animals would cease to be organic and any produce derived from them would not be labelled as organic. However under the rules of organic certification, switching some animals to conventional feed would mean the entire farm would lose its organic status, ev...
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Rakesh K Swarnkar
| Commented
| 3 years ago
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very much informative article. In our country message should spread by govt. channel.
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Vikas G. Chaudhari
| Commented
| 3 years ago
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This is very important !! Quality for very essential products cannot be lowered in recession !!
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Insight: "Certifier decides against easing organic rules during recession" deleted from your view.
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andyappan
| Answered
| 2 years ago
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360 kmpl BIKE, 60 KMPL CAR, 30 KMPL TRUCK 300 KG.............2 T................20 T 120.................200................200 KMPH SPEED DOUBLE SPEED, 1/3 FUEL FOR SAME TON-HP VC 1 Mn$..1 Yr.....CHENNAI. INDIA
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Veena Gupta
| Answered
| 2 years ago
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Dear Sidhharth, would you please elaborate the question or is it something else....
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Answer: "SMEs and Startups looking for assistance in Business Development/Lead Generation?" deleted from your view.
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Yes
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4
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VS |
11
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No
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Ardhendu Pal
| Argues in support of
"No"
| 9 months ago
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It is coming soon as of now I can predict in 6 months we will witness another even greater.
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veena srinath
| Argues in support of
"Yes"
| 2 years ago
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It is, slowly but surely the world is regaining confidence in business and the future. The thing to note is that every downturn teaches us invaluable lessons, and its up to us to learn them and move towards a more sustainable and stable growth...
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Pankaj Dubey
| Argues in support of
"No"
| 2 years ago
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I think the recession is not over,but it is not going to be more worst.All the countries are trying to control the degradation of private companies as well as of own companies also.But recession harmed to the base of economy so we can't say...
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Debate: "Is the worst of RECESSION over ??" deleted from your view.
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cutting jobs
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1
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VS |
6
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cutting salaries
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Shameena W.
| Argues in support of
"cutting salaries"
| 7 months ago
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Yes Renashmi, great insight. Clearly money has to be pumped into the economy at times like this. However it should be regulated and not used to further bulge the treasury of the political and industrial netas.
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Srinivas suravajhala
| Argues in support of
"cutting jobs"
| 7 months ago
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There are many more ways to cut down the costs.I dont believe these are the only two ways to choose. Ensure cost cutting measures in every walk of the business. From procurement to distribution. Wastage has to be cut, use the HR to the most....
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Renashmi Kaur
| Argues in support of
"cutting salaries"
| 7 months ago
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Neither - the best is to target and tax the upper segment of the country. Salaries cut especially among the junior segment will only restrict the purchasing power of an individual and naturally derail the spending power. During times like this it...
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Debate: "which is the best way to get out of recession-(cutting jobs/cutting salaries)" deleted from your view.
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Hyderabad June 7: Bulls may be loading up stocks and nudging up the Sensex in anticipation of fresh economic reforms by the UPA Government, but recessionary fears continue to cast a gloom in the job market, especially for the fresh MBA pass-outs this year. Despite some recent positive signals in the recession-hit economies, fresh MBA graduates still have to deal with constricted campus placements and lower availability of jobs. A survey by the Hyderabad chapter of the Indian Institute of Management (Ahmedabad) Alumni Association has shown that so far hardly 20 to 30 per cent of the pass-outs from the 90-odd MBA colleges in Hyderabad this year have been able to land jobs. “It is a more or less similar story elsewhere in the country. Campus placements have dwindled beyond expectation,” the alumni association says. Collecting data from the 90-odd MBA colleges in Hyderabad, the association points out that 20 to 30 per cent of the 10,000 graduates who passed out this year have been...
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No 1: India Since 1991, when economic liberalization unshackled India from the slow rate of growth and threw its doors open to the global economy, India has never looked back. The Knight Frank report assumes that India will shake off its current crop of social, political and economic issues and go on to the top of the heap.
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Steps to take in creating a powerful and rewarding 2012: Write yourself a letter describing your dreams and desires for 2012. Include all the aspects of your life—your business, vacations and new opportunities you would like to explore. Keep adding to the list for a few days. Our thoughts will keep multiplying when we give ourselves the freedom to be honest and not pass any judgment on our vision. When you feel your list is complete, create different categories for your ideas (business, vacations, social events, family and friends). Plug the ideas into the different categories. You will be amazed what thoughts surface. Congratulations, you now have your dream list. Choose both a big and a small dream you would like to accomplish. Plan the two steps you will take this week for each dream. Remember, as my mother always said, “Rome was not built in a day.” Taking time during this quiet time to plan for a powerful and rewarding 2012 is a beautiful gift you are giving yourself. ENJOY...
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