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In the Eye of the Storm: Survival Tactics for Startups Amid Economic Uncertainty
Episode 229th August 2023 • Real World Entrepreneurship • Alan Clarke
00:00:00 00:22:45

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In this episode, Alan and Bhairav discuss the potential for a financial crisis and its implications for those starting up a business.

They note that there has been a huge influx of funding into AI businesses in the first six months of 2020, whereas other areas are becoming harder to raise money in.

They discuss the importance of planning for the worst case scenario and having a good hard look at what is necessary and what can be cut out.

They also discuss the importance of having a team of the right people who are willing to put their all in to make the most of it during the hard times.

Finally, they note that while the current situation is difficult, it is not the hardest of times and that it is important to re-sharpen focus and plan for the future.