The $100 MBA Show MBA1824 Ecommerce Product Pricing 101
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Jul 6, 2021 Feeling lost in today's unpredictable economy? Discover essential strategies to navigate uncertainty and thrive as an entrepreneur. Learn effective cash flow management, the importance of understanding customer needs, and diversifying income streams. Hear inspiring success stories of businesses that turned challenges into victories. Embrace resilience, innovate through obstacles, and invest in personal growth to turn today's economic hurdles into tomorrow's opportunities.
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Focus on Cash Flow
- Focus on cash flow to navigate uncertain economic times.
- Audit your cash flow, cut unnecessary expenses, and create consistent income streams like subscriptions.
Reassess Customer Needs
- Reassess your customers' needs as they shift during economic downturns.
- Survey your customers, engage with them directly, and adjust your offerings to align with their current challenges.
Build a Financial Cushion
- Build a financial cushion to weather economic storms and make strategic decisions.
- Save 10-20% of monthly profits and aim for 3-6 months or even a year of operating expenses in savings.