Adapting to Economic Turbulence in the Steem Entrepreneur Community

Hi everyone,
It's another day of the week and I'm delighted to participate in this contest today organized by @hamzayousafzai which talks about Adapting to Economic Turbulence in the Steem Entrepreneur Community. I will be making my entry below so read through it and drop your valuable comment as it will be appreciated.

Source

How has the recent geopolitical turmoil affected your business operations, revenue streams, and market dynamics within the Steem Ecosystem?

Indeed the recent geopolitical turmoil has affected me greatly within the Steem ecosystem. Recently we saw that SBD was printing and suddenly we saw it disappear which has drastically cut down my expectations of achieving one of my set goals.

You will agree with me that since SBD started printing, the growth of Steemians on the platform has become increasingly much because people get more Steem via the SBD and the amount powered up too has drastically grown.

Recently due to the drop in the price of crypto assets, we saw that the SBD which gives users more joy has gone back and that made my goal or target which I hoped to achieve before the end of the year not look possible.

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?

Fluctuations in the prices of cryptocurrencies like Bitcoin can not be controlled. The Steem token also fluctuates the time the Bitcoin fluctuates hence all I will do is to watch the market carefully and then ensure I gather as much as I can when the prices are favorable enough.

During this turbulent time, how I used to sustain my business by using the saved resources i.e. the Steem I initially transferred out to an exchange which I converted to USDT when the price was much better.

So I sell them and use the money to solve the various issues that come my way at the time. Since the earnings are no longer much on the platform, I will keep using this until the return of SBD or when I gather enough Steem which I can transfer part and power up part to solve some of my issues.

Looking ahead how do you plan to navigate future uncertainties and economic fluctuations? What strategies will you prioritize to enhance the resilience of your business model?

From what I have seen recently, it's obvious that one can not completely trust the printing of SBD because it may come and disappear at any time. So based on this fact, all I will do now is always maximize the use of the time I have to work harder to print or earn more SBD when the market is okay.

When I gather this SBD, I will be able to use them when the printing stops. In that way, I will earn and power up as well as transfer much Steem which I can also use for my business when the price of the asset appreciates.

So the plan now is to gather more and then wait and see how far the market will go and then sell and make money immediately if the price is good. This money will be used for my business and also kept to handle one or two other things.

I want to invite @bonaventure24, @lhorgic, and @vickyson, to join the contest in this community and share their entry participation.