"Adapting to Economic Turbulence in the Steem Entrepreneur Community"
| Assalam o Alaikum to all |
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The today's contest is Adapting to Economic Turbulence in the Steem Entrepreneur Community . I hope I will write it good so that you can get some useful from here.
How has the recent geopolitical turmoil affected your business operations, revenue streams, and market dynamics within the Steem Ecosystem? |
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| Answer |
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I am a student and not doing any business that may affected by any international activity. Although I works on Steemit platform and this is also affecting by those activities. I know some of the affects of recent conflicts. Not only business Men or the economy is Disturbed but also the lives of innocent children and Men and women are wasting due to these fight.
Due to these conflicts many sea shipping has been disturbed. After that the prices of imported things have been increasing. The oil productive countries will increase the oil prices, because Western countries have no oil productions.
As the Steemit users concern, these matter can become a problem for them because they will put an very loss on Bitcoin also. But if we see that, if the Palestinians can sacrifice their lives for their rights, we can also bear this very small loos for them.
What proactive measures have you taken to respond to fluctuations in Bitcoin prices and disruptions to platforms like Steemit ? How are you sustaining your business during these turbulent times? |
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Yes I am sustaining my business in these situations. Because I am a beginner so I have not much experience about loss and profit in Bitcoin. By doing somethings a user can sustain his business in turbulent situation:-
- Be constant with his efforts
- Making certain a clear unique selling proposition
- And be creative with budget
- Be attentive on customers retention
But as I am involving in different crypto activities, I am knowing that how to be deal to different fluctuations and how to be sustain in these situations.
Looking ahead how do you plan to navigate future uncertainty and economic fluctuations ? What strategies will you prioritize to enhance the resilience of your business model ? |
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Resilience is as to be the most sensitive strategic variations of an organization or a business man.
Business resilience is such a different focus from business consistency. It includes creating structure or order for making things easier to come back and energetically to unwanted interruptions.
- I will do in future for the resilience of my business:-
- Making resilient functions
- Embracing technology
- To become quick and alert
I like to invite @bippe @beewrites @protoss20
Thank you very much for sharing your high-quality post in our Steem Entrepreneurs Community. We always strive to endorse and promote excellent content within our community. We sincerely hope that your contributions will persist in inspiring and fortifying the entrepreneurial spirit among our members.
Kind regards:Steem Entrepreneurs Team
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Thanks for upvoting my post.
Nice to read your post. Well said that we have to remain alert and up to dated with market trends. And consistency in efforts is the key to success in every field of life.I wish you all the best for the contest.
Thanks for giving time to my post and for giving remarks.🌺