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Until the end of the COVID-19 pandemic, startups will likely be struggling to survive. In this quick survival guide, we advise startups, their owners, and managers on how to withstand the crisis and keep their business under control.

This pandemic is not similar to the financial crisis the whole world faced in 2008. Not all companies are losing, the value of some companies on the stock market is growing and the demand for some companies is higher than they were prepared for.

How Startups Can Survive During Crisis

Future companies will have to adapt to the new regulations and consider the following five ways to mitigate the risks and withstand the economic downturn caused by the effects of COVID19.

1.    Cash management

First, the biggest problem most startups face is money management.

Many estimates suggest that finding and approving a vaccine is likely to take 12 to 18 months in a positive scenario, although post-crisis effects may linger longer.

Thoughts like these raise a fundamental question — how can startups survive this time?

Organizations need to prepare for further bans. Saving money during this period is critical for several reasons.

While most investors stick to transactions, some do not. Also, the investment market has changed.

Bonds fell significantly, making it difficult to inve