otae.com

How do I adjust my business strategy during economic downturns

Sure! Here are four different ways you could respond to that question:

**Focus on Core Customers**: "When times get tough, it’s all about tightening your focus. Identify who your loyal customers are and double down on serving them. Maybe offer them special deals or personalized services to keep them coming back."

**Cut Unnecessary Costs**: "You gotta take a hard look at your expenses. Trim the fat where you can—like canceling subscriptions you don’t use or renegotiating contracts. Every little bit helps when the money's tight."

**Diversify Your Offerings**: "Think about branching out a bit. If your main product isn't flying off the shelves, maybe there’s a related service or product that could attract new customers. It’s all about being flexible and adapting to what people need."