15th of August 2015 The Prime Minister of India has announced a scheme called Start-up India at Red fort. Under the scheme many entrepreneurs in our country were about to get various benefits from the government of India. It inspired many of our youths to move forward towards entrepreneurship but starting a business and surviving, is really a tough task.
We need to stand strong mentally and economically.
In business, we need to deal with various sorts of uncertainties. Meanwhile, a wave of a recession leads unease to sail the boat between storms in the sea but it’s really hard to survive as far as business is concerned. Still, there are many entrepreneurs like us who have the courage to sail in a difficult situation like a recession. Also, there are many of us who want to sail but don’t know how to overcome this storm. In such situations, we need to pay attention to factors that we lack to pay attention
Let us understand in detail:
Don’t invest money from your own pocket:
Many times in recession, we don’t even know and our own hard-earned money turns into a dead investment for our business. In fact, we need to keep an eye on this as it’s a fundamental principle of business which we all need to learn that MNC raises their funds from the market, not from their own sources.
Customer is God:
The customer is God, always keep this in mind. Many times in recession, losing your customers can lead our business to the gap. That’s why understood the situation and entice our customers with an offer, or a discount. So, that you don’t have to lose them, and seeing this new customer will also be attracted to you.
Try to reach as many people as possible in the shortest possible time:
Nowadays there are many such means or mediums through which you can reach maximum people in minimum time. In which Social Media ranks first. Nowadays everyone is associated with social media, which you can take advantage of Social media marketing is a medium that not only saves your time but it also costs less, as well as you will be able to reach more and more people. Also, helps in increasing your brand value of Recession.
Don’t fall in the trap:
Social Media Marketing is an effective and efficient way to take your business to move forward. There are many agencies in the market that not only promises you to give the desired results in the shortest possible time but also at the cheapest rate. So beware of such frauds. Do some research, gather the right information about agencies and then take a step forward.
So folks if you pay attention to the above factors then you can definitely grow your business even in a recession. Our best wishes are with you, Thank you!!