Feb 2020

Resilience in Challenging Times:

Hacks For Sustaining your Business.

Author: L. Chacar

Feb 2020

Resilience in Challenging Times:

Hacks For Sustaining your Business.

7 min read

In challenging economic times, where uncertainty takes over, companies today are pushed to take new measures and adapt quickly in order to sustain their businesses.

Here are 5 hacks that are immediately actionable and useful no matter who you are and where you are that can help your business to become more resilient and support you to take a leap of faith.

Bartering is one of the world’s first and oldest trading processes. In practice, it is about exchanging your services, skills and expertise to make a professional business deal. Instead of using the traditional currency, you can offer your own resources for services or products you need and barter for change. When currency is unavailable or scarce, bartering can help you get things done.

Most recently, our team has created 'Intersect' an online professional trading platform to facilitate the bartering process between individuals. It allows you to network, connect, match and make a deal. You can check it out on intersectmena.com.

With globalization and ease of internet access, geographical expansion has become one click away. Simply put, the more online presence your business has, the more clients it’ll be exposed to. Consequently higher chances arise for new work opportunities and increased income.
There are various online business tools that can help you establish and launch your online business, in order to reach new countries with large networks and where purchasing power is high.

Building for multiple incomes from different untapped sources can significantly help boost your sales game and market growth also for the long term.

Consider constrictions as a fuel to Rethink. Requestion. Redefine. What is your original business purpose? How can you adapt it to today's new markets? In a fast-paced world where environments are ever-changing and nothing stays the same, new needs are being born everyday.

Hence it is important to stay informed on the latest market changes, to expand your thinking and to diversify your service spectrum.

As we're all in this together, difficult times call out for more awareness and empathy. Choose not only to buy but also to work local. It’s high-time to know your business neighbors, discover how you can partner and support each other.

This will create a positive ripple effect and will help to strengthen the economy in general but also, on a micro level, it will help in sustaining jobs and supporting families.

Many of us find it challenging to be constantly bombarded and distracted by countless images, numbers and information across all platforms. During work hours try to disconnect from negative news and focus on creating a zen environment that makes the workplace productive and more healthy.

Even in the toughest of times, list the positives and cultivate gratitude for the good things happening. This will calm your mind and will help you to start focusing again on what’s important.

Tags

Strategy Design Lebanon Challenge Local