{"id":8628,"date":"2024-02-26T13:07:22","date_gmt":"2024-02-26T13:07:22","guid":{"rendered":"https:\/\/desktrack.timentask.com\/blog\/?p=8628"},"modified":"2024-05-03T06:19:31","modified_gmt":"2024-05-03T06:19:31","slug":"how-does-survival-of-business-go-tough","status":"publish","type":"post","link":"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/","title":{"rendered":"How does Survival of Business go Tough?\u00a0"},"content":{"rendered":"<div id=\"1\">\n<p><span style=\"font-weight: 400;\">\u201cNo increase in Bill Rates, employee salaries are high or high operational cost, shrinking profit margins &#8211; No room to breathe\u201d. In the current economic situation of volatility, businesses are having a hard time managing their margins to grow. The survival of a business is a constant challenge, shaped by a myriad of factors such as market dynamics, economic conditions, competition, and internal operations. In today&#8217;s fast-paced and ever-changing business landscape, the journey of business survival is tougher than ever before. This blog explores the various dimensions of why and how the survival of businesses has become increasingly tough in recent times.<\/span><\/p>\n<\/div>\n<div class=\"wp-block-button is-style-outline text-center\"><a class=\"wp-block-button__link has-dark-red-color has-electric-grass-gradient-background has-text-color has-background\" href=\"https:\/\/appdesk.timentask.com\/site\/company-sign-up-new\">Take a Free Trial<\/a><\/div>\n<div id=\"2\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0a0a0a;color:#0a0a0a\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0a0a0a;color:#0a0a0a\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#Top_3_Challenges_for_Business_Survival\" title=\"Top 3 Challenges for Business Survival:\">Top 3 Challenges for Business Survival:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#1_No_Change_in_Bill_Rates\" title=\"1. No Change in Bill Rates:-\">1. No Change in Bill Rates:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#2_Increase_Operational_Cost\" title=\"2. Increase Operational Cost:-\">2. Increase Operational Cost:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#3_Productivity_Issues_Unhappy_Clients\" title=\"3. Productivity Issues &amp; Unhappy Clients:-\">3. Productivity Issues &amp; Unhappy Clients:-<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#Top_3_Solutions_for_Business_Survival\" title=\"Top 3 Solutions for Business Survival:\">Top 3 Solutions for Business Survival:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#1_Honesty_is_Never_Cheap\" title=\"1. Honesty is Never Cheap:\">1. Honesty is Never Cheap:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#2_Work_with_Your_Best_Team_Reduce_Your_Ramp-Up_Time\" title=\"2. Work with Your Best Team &amp; Reduce Your Ramp-Up Time:\">2. Work with Your Best Team &amp; Reduce Your Ramp-Up Time:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#3_Identify_Under_Working_or_Burnout\" title=\"3. Identify Under Working or Burnout\">3. Identify Under Working or Burnout<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/desktrack.timentask.com\/blog\/how-does-survival-of-business-go-tough\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_3_Challenges_for_Business_Survival\"><\/span><span style=\"font-weight: 400;\">Top 3 Challenges for Business Survival:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_No_Change_in_Bill_Rates\"><\/span><span style=\"font-weight: 400;\">1. No Change in Bill Rates:-<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the red ocean competition of Business Survival and getting a new client is a challenge. <\/span><span style=\"font-weight: 400;\">10 of your competitors are reaching your client and clients are having more room to negotiate. To gain the client, there is no choice except to lower your rates. How hard you try to convince others about your USP or differentiator, final pricing matters. This leads to shrinking incomes or to increase in the number of clients is pressure on sales.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Increase_Operational_Cost\"><\/span><span style=\"font-weight: 400;\">2. Increase Operational Cost:-<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If your business is like IT, BPO, in people-centric businesses anything requires high skills that are less available than demand. The issue is not with the number of people available, the problem is they are not employable because of loss of skills. So, whoever is having business skills has to pay high to hire &amp; retain them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That brings additional costs due to economic volatility, high inflation rates, rates of other things that also increase your interest, phones, electricity, food and so on.<\/span><\/p>\n<\/div>\n<div class=\"\">\n<div class=\"blog-mid-img\">\n<div class=\"mid-section\">\n<div class=\"right-box-responsive\">\n<p>Try 15 Days for Free<\/p>\n<p><a class=\"trial-btn\" href=\"https:\/\/appdesk.timentask.com\/site\/company-sign-up-new\" target=\"_blank\" rel=\"noopener noreferrer\">Start Free Trial<\/a><\/p>\n<\/div>\n<div class=\"left-box-responsive\"><img decoding=\"async\" src=\"https:\/\/desktrack.timentask.com\/blog\/wp-content\/uploads\/2024\/01\/demo.png\" alt=\"Bio-plugin-SDK\" width=\"\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"3_Productivity_Issues_Unhappy_Clients\"><\/span><span style=\"font-weight: 400;\">3. Productivity Issues &amp; Unhappy Clients:-<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">So many things are available for our human brains to consume.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Technology on one way helps &amp; increasing convenience, On the other hand eating time of humans unknowingly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I saw so many instances of people keeping their phone every 10 minutes, like for something they are waiting for.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Scrolling through social media posts, Instagram reels, YouTube shorts is so common that people don&#8217;t realize how many hours they spent in this, losing their money and helping content creators to get much of their time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Business Survival, how to avoid distraction so people can work with complete focus &amp; finish.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, endless reasons for not delivering results are not leading a business or their own life anywhere.<\/span><\/p>\n<figure id=\"attachment_8630\" aria-describedby=\"caption-attachment-8630\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8630\" src=\"https:\/\/desktrack.timentask.com\/blog\/wp-content\/uploads\/2024\/02\/Business-Survival.jpg\" alt=\"Business Survival\" width=\"600\" height=\"315\" srcset=\"https:\/\/desktrack.timentask.com\/blog\/wp-content\/uploads\/2024\/02\/Business-Survival.jpg 600w, https:\/\/desktrack.timentask.com\/blog\/wp-content\/uploads\/2024\/02\/Business-Survival-300x158.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-8630\" class=\"wp-caption-text\">Business Survival<\/figcaption><\/figure>\n<div id=\"3\">\n<h2><span class=\"ez-toc-section\" id=\"Top_3_Solutions_for_Business_Survival\"><\/span><span style=\"font-weight: 400;\">Top 3 Solutions for Business Survival:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Honesty_is_Never_Cheap\"><\/span>1. Honesty is Never Cheap:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Old school saying, honesty is the best policy to gain and retain your clients.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business can bring one additional thing which brings transparency and peace for clients.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Especially businesses which work in outsourcing industries like BPO, IT, Support or Service deals, if they show their performance with transparency, that makes them stand out from the competitions. Everyone knows they will not get honesty cheap.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tools like <\/span><a href=\"https:\/\/desktrack.timentask.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>DeskTrack<\/b><\/a><span style=\"font-weight: 400;\">, helps you to show data of exact working hours with validation of activity logs. Automated timesheets bring more transparency. How many hours spent on which task by which resource brings more confidence in the client.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">So, Clients can get real time, they will not doubt your hard work &amp; if there are delays or some negative conditions, they are also part of such an incident as they have been part of it since beginning. Nothing is hidden from them.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Work_with_Your_Best_Team_Reduce_Your_Ramp-Up_Time\"><\/span>2. Work with Your Best Team &amp; Reduce Your Ramp-Up Time:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In any organization, retaining your right resource is a challenge. Keep trying &amp; filtering till you get mr.<\/span> <span style=\"font-weight: 400;\">work is the best way to go. However for this you must depend only on manager feedback.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use a system like DeskTrack to identify whether people are giving 100% &amp; then they are facing or they are faithing without effort.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once you identify the efforts, you can check on their <\/span><a href=\"https:\/\/desktrack.timentask.com\/productivity-monitoring-software\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Productivity Monitoring Software<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lastly, co-relate their results with their efforts. Sometimes some team members are good in their skills but they are not disciplined or adhere to timings. This leads to them not available at the time of need.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DeskTrack provides complete data analysis to identify the right resources in less time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">So, you reduce your ramp-up time to a week<\/span> <span style=\"font-weight: 400;\">instead of months. So you can find your right team in less time.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Identify_Under_Working_or_Burnout\"><\/span>3. Identify Under Working or Burnout<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is very important to have clear visibility whether your resources are fully utilized or our booked.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DeskTrack provides you detailed working patterns about your team work with time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DeskTrack provides analysis of each team and their members whether work is properly allocated and what has been done.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If there are technology distractions, managers can educate their members to take their activity log &amp; time invested in them and strategy to do best of their outcome.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Once your people identify where they perform more, the team can be motivated to achieve more and be productive.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This makes your team assets for organization, make your people on your journey, bring awareness through data to get more from the same team with efficient use of time with DeskTrack.<\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-button is-style-outline text-center\"><a class=\"wp-block-button__link has-dark-red-color has-electric-grass-gradient-background has-text-color has-background\" href=\"https:\/\/desktrack.timentask.com\/demo\">Get Free Demo<\/a><\/div>\n<div id=\"4\">\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"font-weight: 400;\">Conclusion:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Business should use technology tools like DeskTrack to avoid mis-use of technology, get detail to shrink operational cost with better outputs, transparency and honesty as best we can bring more peace believers. Your own people and clients.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such a transparent relationship helps your clients and employees to stay along with You during your business. All your stakeholders have more trust on your DeskTrack helps to play a vital role of ethical business and peace making.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>How Do Survival of Business During Tough Times? Use these business strategies to prevent your business from facing any kind of diversity. Look for opportunities to expand your business.<\/p>\n","protected":false},"author":1,"featured_media":8629,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,1],"tags":[32],"_links":{"self":[{"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/posts\/8628"}],"collection":[{"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/comments?post=8628"}],"version-history":[{"count":0,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/posts\/8628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/media\/8629"}],"wp:attachment":[{"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/media?parent=8628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/categories?post=8628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/desktrack.timentask.com\/blog\/wp-json\/wp\/v2\/tags?post=8628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}