In these trying times, entrepreneurs are eagerly trying to define the “new normal” for their respective businesses. We have come across numerous queries on the fundamentals of maintaining business continuity in such uncertain times.
In this week’s #DamaniTalks #AskMeAnything special episode, I tried to answer as many questions as possible on “How to maintain business continuity amidst the global pandemic”
Key takeaways from this episode
- What is the outlook for the next 3-12 months? What are my thoughts on cutting salaries? How much should the pay cut be? How should entrepreneurs curtail cost without downsizing?
- What actions can be taken to meet the needs of the stakeholder and address doubts/concerns? Have the investor’s expectations changed during the lockdown? Should founders look to hold off immediate fundraising aspirations?
- How does one achieve work balance with the team while working from home? How to maintain the best communication line with your team virtually? What are the things that worked for me during this time, and what are the things that did not work?
- What is the biggest mistake that founders make during this time? What is my view on some of the industries in the current scenario? What are the industries/verticals that I’m currently focusing on in the next 7 months?