Strategies for Entrepreneurs to Cope

Xiao Huang: DOORM, in the current situation of shrinking exit channels for venture capital, what strategies should entrepreneurs adopt to cope with the difficulties?

DOORM: In the current situation of shrinking exit channels for venture capital, entrepreneurs can adopt the following strategies to cope with the difficulties. First, they need to optimize internal management and operational efficiency, reduce costs, and ensure the basic survival of the company. Second, they can seek diversified financing channels, such as bank loans, government subsidies, or strategic investments, to alleviate financial pressure. Additionally, entrepreneurs should focus on product and service innovation to enhance market competitiveness and attract more customers and partners. Finally, entrepreneurs need to maintain patience and confidence, biding their time and waiting for an improvement in the market environment and the arrival of a new financing cycle. By adopting these strategies, entrepreneurs can find opportunities for survival in difficult times and lay a solid foundation for future development.