How to pre­pare the com­pany

The Economic Times - - Power Of Ideas -

Keep your core in­tact. Do away with the ex­per­i­ments you are do­ing

Be hon­est about your fi­nan­cials to the em­ploy­ees

If you re­ally have to fire peo­ple, do it in one go, rather than pro­long­ing the process

Plan back­wards with re­gards to fi­nan­cials

Al­ways keep your eyes on growth Get pes­simistic about rev­enue

If your busi­ness model is right, you can still raise money

Be ready to pivot. If you are in the B2C space and see that, with some changes, you can cater to the B2B space, do it

Bring se­nior mem­bers of your team in an equity kind of model, rather than salary

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.