Silicon Valley Is A Mindset, Not A

Before Dreaming About The Future Or Marking Plans, You Need To Articulate What You Already Have Going For You - As Entrepreneurs Do.

One Of The Really Key Things To Look At In Terms Of Crafting Strategy When You're In An Economic Crises Is How Do You Maximize Essentially Your Liquidity Position? Your Ability To Both Take Kind Of Profits And Revenues And Business And Then Convert That Into A Stronger Lead. And So Those Companies That Can Do That Can Actually, You Know, Get A March On Their Competitors.

Be Persistent, And Hang On To Your Vision. And At The Same Time, Be Flexible.

The First Set Of Questions To Ask Yourself When You're Doing Cost Cutting Is Relatively Straightforward, Which Is, You Know, Can You Use The Necessity Of Cost Cutting As An Opportunity To Do Pruning Or Trimming For Projects That Aren't Being As Successful? But, You Know, Frequently Those Are The Easy Ones. I Mean, There's Always Some Kind Of Social Costs Internal To The Company, But That's The Easy Way Of Looking At The Future.

Now, In Economic Crises Times, The Kind Of Things You're Looking At Is It's Generally Harder To Get Capital, Revenue Growth May Be More, Revenue Lines May Be Unstable Or Growth May Be Less Easy To Predict That You're Going To Get To. And So What You Do Is You Take A Certain Conservative Approach Of When, As All Entrepreneurs Should Do, You Plan For Both Good Luck And Bad Luck, You Put Extra Time On, "okay, If I Have Bad Luck, What Do I Do About That?"