How to protect your business and ensure seamless operations during an economic slowdown

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08 MARCH, 2021
Uncertainty is an inevitable part of managing a business. Based on national and international economic trends, governmental regulations, political climate, and other macroeconomic factors, your company might experience a cyclical movement in business growth.
While it is not possible to predict what may trigger a downturn or when it will happen, it is prudent for a business to have a plan in place so that it’s not caught off-guard. Here are eight strategies spread across four categories that will keep you prepared and cushion your business from future economic downturns.
Business strategies
Management strategies
Customer strategies
Financial strategies
If you are looking for financing, look no further than Kotak Mahindra Bank. Kotak Mahindra Bank’s Business Loan & Working Capital Solutions offers a host of credit and lending products that are suitable for different needs and tenures. This ranges from instant cash-credit and overdraft facilities up to Rs.20 lakh, to short-term working capital loans up to Rs.75 lakh, to large-ticket need-based term loans going up to 10 years, to import-export solutions, and more. Kotak Mahindra Bank’s Business Lending Solutions thus can serve a multitude of capital needs, so your business doesn’t merely survive in the event of an economic slowdown; it can also thrive!
This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. and its employees. We make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article does not constitute legal advice. Kotak Mahindra Bank, its employees and the contributors are not responsible or liable for any damage or loss resulting from reliance on or use of any information contained herein. Credit at the sole discretion of Kotak Mahindra Bank Ltd and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loans
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