Adapting to Economic Turbulence in the Steem Entrepreneur Community

Hi every soul!

Greetings from my part of the world, thanks for your presence on my blog, I somuch appreciate and count it a great prebilledge. I am here to show my participation on the above contest topic given, Adapting To Economic Turbulence In The System Entrepreneur Community. I have alot to share on the above topic so, feel relaxed as you read through to the end. A very special thanks to the user @hamzayousafzai for such an interesting contest topic.

We live sweetly by the flow of different businesses around the world (far and within) Alot of people travel to somany places just to see the progress of a particular business. It is true that business is ruling the day because I just realise that having money is not just enough but what if you needed something to buy and you don't get it? It means your demand was not met at the moment, that is why business is everywhere to meet people's demand and happiness. But these same businesses (crypto markets) gets affected by one reason or the other e.g the geopolitical turmoil.

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

I am blessed to have my business, its not a daily prayer to see the business moving down but its so joyful to see it moving high everyday especially when the prices of business items or Currencies are moving so high. In business, when things goes high in prices, the owner of such business would smile and keep smiling but when it's just stagnant, it's a course to worry.

Look, cryoticurrenceis are not leftbout in this situation, the market moves up and down without prediction which is one of the uniqueness of crypto businesses. No user or business owner would find it easy to predict exactly how the market will look in the next minutes, hours or seconds. That is what makes it very special and its a good dynamics.

I'm a steemian, the decline in the cryoto currencies has affected businesses and steem is not left out. I had somany plans especially when sbd was printing fully but unfortunately the dynamics of the market at that moment has changed every plan I had to fit into the present state of the market.

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?

Source

It's certain that the crypto market can never be stable and that is what makes it a business therefore, a good business owner should think very far on the worst that might happen and then also have eyes and ears everywhere. Infact one has to create an alternative whereby, whenever that goes bad, one can live or manage pending when the market will make us smile again.

Inorder to enjoy this business especially as a steemian, is to work hard, make savings of your currency may be in steem or anyother currency, sell when the market is abit high into your conventional currency then continue your handwork atleast you wont lack what to survive on in case of when the market is not favourable. That is what I do and it's helping my businesses, I hardly frown when others are frowning because I had my business plan intact.

In conclusion, business minded people always think ahead and prepare for the worst to come and I know we will not be left out.

I invite my friends to join the contest.

@josepha
@jasmimemary
@vickyson