Impact of US Economy downturn
Sunday, October 12th, 2008Impact of US downturn is visible now in India, companies across the board focussing on cutting cost and becoming cash flow as soon as possible. In fact everyone is trying to follow these steps. How is it different from Dot com bubble burst happened in Y2K.
That was the time when everyone was saying, this is the end of online era and no one was ready to invest money in internet biz. Well, here comes the quote, “challenges come with an opportunity“. Some of the international online companies indeed survived that with smart investment, outsourced model and focus on profitability.
Few key points that become the focal point in going thru these times:
- Perseverance
- Check on Expenses
- Profit
- Eyes wide open for New Areas of Growth
Short term or long term, this downturn will remain for a while. Lets hope everyone comes out of this with blazing guns…