Vasyl Khmelnytsky, UFuture

Five practical tips for entrepreneurs from founder of UFuture Vasyl Khmelnytsky

The crisis has changed not only economic forecasts but also the real-life plans of millions of people and businesses. Small and medium-sized entrepreneurs have traditionally been the first to suffer in difficult circumstances. But there are those who are skilful in handling the situation, responding in time to change and not only surviving the crisis, but also increasing their market share and becoming stronger.

The founder of UFuture holding company Vasyl Khmelnytsky in the column for NV gave five practical tips that will help you rationally approach the creation of an anti-crisis strategy and understand what to do today to save your own business:

  • don’t panic and treat to the crisis with a cool head;
  • review business strategies for the next 3, 6 and 12 months and be ready to quickly adjust plans;
  • reduce costs and refrain from investing in new projects;
  • maintain communication with partners and clients;
  • to fix knowledge gaps and to make up for it through specialized online courses, most of which are now available for free.