e-book Surviving During Crisis

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Crisis is a time to apply value investing principles. Market psychology works in mysterious ways. People are too optimistic during the boom and too depressed during the downturn to make financially sound decisions. They buy high and sell low. Which is in fact the opposite of financially rational behavior.

With enough luck and skill, a major crisis could be turned into an opportunity to buy lower. Here is what some long-term traders do.

They comprise a list of big companies with impressive fundamentals more on that here and good enough chances of making it through the crisis. They then wait for them to lose a substantial share of the market value and make their move. It is quite possible, though not guaranteed, that the companies will regain the lost value over the course of a few years. If you believe things will get really ugly during the upcoming recession like they did in , you can also consider buying gold instead of fiat currencies.

This precious metal never goes out of style.

How to survive a financial crisis

By following these simple steps, you will increase your chances of being better off during the next recession than the rest of your less prepared environment. NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

1. Reduce your debt

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Best way to prepare? These are the current trading conditions that we can offer. Thank you for your suggestion, we will send it to responsible team for further consideration. In case you have specific questions, please contact us via support iqoption. With good trending markets spreads need to be much lower i mean have a the spread the size of a 1 day move is kinda riduculous to be fair. Due to the length of time they should be much smaller.

Tags: Financial crisis. Vasiliy Chernukha. Alina Alpeeva 5 months ago.

Fact Sheets And Publications

Hopefully your strategy will bring you fruitful results! Good luck! Starting up a business in that massive market, an entrepreneurial heaven with over million potential clients, seemed logical. Little did I know that life had other plans for me. After several weeks, I stepped off of the plane in NYC. I quickly began to realize that something was terribly wrong.

Crisis management: Your 5-step guide to surviving IT emergencies

Managing a company from overseas turned out to be a very complex task. In my situation, absolutely insurmountable. My inability to delegate authority hit me hard. Treating my employees with a little too much kindness and dignity affected their ability to do their jobs. I was on the brink of bidding farewell to New York and returning back to Ukraine to start it all from scratch. But then I realized what I could do to save my agency. Here is what I did.


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Dealing With a Crisis. Five Steps to Success. Humans are psychologically hardwired to avoid stress and getting out of our comfort zones. Not surprisingly, many entrepreneurs would prefer to not mention that their businesses are in the red.

Focus on Decision Making

Our brains are powerful enough to distort reality. Life is not rainbows and unicorns, though. Never mentioning a problem is a clear path to failure. Thinking without doing is futile. Get real! You are responsible for your business — nobody else. Admit when you are in a crisis and move on to the next step.

Firing people you have worked together with for years is painful. But do you know what is even more painful? Realizing that your employees take advantage of you, use you as a source of money and prestige but never pay you back with their performance, commitment and value. Hard choices must be made so that is what I did. I fired everybody who dragged my company down by finding endless excuses not to work hard.

And believe me, when your company is pressed for money, you will do the same thing. Eventually, you will have to cut spending and increase efficiency, even if you have funds to get you through your crisis. Barely surviving on a shoestring budget but ending up without any resources after is even more awful than complete and utter failure.

Because it is easier to fail a business and start a new one than to deal with plateau for years.

Five Tips to Survive an Economic Crisis

Only the best of my team kept their jobs. And you know what? Since that crisis, I have managed to triple the number of people I employ! But then I had to learn to survive with a larger team, so….

https://fibnanetafu.cf I love my company and I love what I do. I cherish every project and every campaign. Cancelling projects that lost money but were interesting broke my heart. But I did it, and I strongly advise that you do, too. Surviving a crisis is all about taking a fresh look at your business, employees, projects, niche and so on.

But, while you cleanse your company of non-productive workers, you should also cut expenses by getting rid of unprofitable projects and customers. I had to act quickly and, within several months, put a stop to twenty projects. Because even lizards sacrifice their tails to survive. Only several projects remained. Here is what I did next. By the end of , Singree. I had to drop many projects and customers to make ends meet.

This was my last frontier.