As the old saying goes, never let a good crisis go to waste. A downturn is no different.
As a founder or CEO, the most important thing to think about is how you are framing the challenge ahead.
The way you frame these issues will seep down through every level of your organisation, so it's vital to get it right. Instead of "How do we survive this?", ask yourself "How do we get stronger?". Set the tone for the entire company, and focus on finding opportunities that will enable you to not just survive but to thrive.
Here are our top five ways to emerge stronger:
Balderton EIR Dave Kellogg shares his top tips for startup leaders.DOWNLOAD SLIDES HERE
When you really focus, you enable innovation. Instead of trying to do five things, you're doing one - and you can direct all of your resources and energy into innovating in that area.
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