The economic downturn brought on by the global coronavirus outbreak has forced companies to reassess their financial position, business model and pricing strategy. As businesses adapt, one of the first things to go is pricing power – having a lasting impact on current and future revenue opportunities.
Being proactive is critical during a downturn. It is critical for the company’s survivial, the team’s security, but also the longer-term opportunities and future.
Entrepreneurs are faced with unprecendented circumstances to navigate. There is much to consider and priortize. To help companies navigate the current uncertainty, we created an easy to use cheat sheet on how to manage your pricing strategy during a downturn.
You can get our free cheat-sheet here.
We will be sharing more resources in the coming days and weeks, so keep a look out on our website and social channels.
Be safe and well.
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