How To Survive A Crisis For An Enterprise

Table of contents:

How To Survive A Crisis For An Enterprise
How To Survive A Crisis For An Enterprise

Video: How To Survive A Crisis For An Enterprise

Video: How To Survive A Crisis For An Enterprise
Video: 15 Ways to SURVIVE the Next Financial CRISIS 2024, December
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In a crisis, it is important to think over a survival strategy. It should be based on regular development, on the conquest of new markets. If you throw all your strength into maintaining your working capacity, it will be difficult to stay afloat.

How to survive a crisis for an enterprise
How to survive a crisis for an enterprise

Instructions

Step 1

As soon as the first problems appear, start optimizing income and expenses. Don't be afraid to do something wrong - be afraid not to take any initiative. When the company becomes insolvent, it will be pointless to solve any problems.

Step 2

Reduce unnecessary staff costs. These include: holding corporate events, training employees, etc. Refuse the staff, which brings little benefit to the company. Do not under any circumstances cut departments that improve the well-being of the firm. These are usually sales and marketing departments. They also need to make certain changes: to make wages in the form of interest, not salary. Get rid of employees who work poorly. You can easily recruit new specialists to replace them.

Step 3

Reduce your rental, household, water and energy costs. Try not to waste a single ruble. If you are the owner of the building where the company is located, rent out some of the offices. You can make money on this.

Step 4

Try to develop. Enter into new contracts, look for other clients. Do not let your income drop by all means. Try to explore unfamiliar markets, to do what the organization has not done before.

Step 5

Supervise the work of all staff. If every employee works hard, the organization will be able to withstand the crisis. Listen to telephone conversations of subordinates and visit workplaces as often as possible. Set penalties for unfair work.

Step 6

Reduce costs for whatever you can. Find new suppliers who will sell raw materials at lower prices. Review your packaging costs. Often, these simple actions can greatly reduce the cost of goods. After that, decide whether you will sell the product to more buyers at a low cost or leave a larger percentage to the firm. The first option will allow you to develop, the second will bring quick income.

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