If you're running a self-funded company, an economic recession might just be the golden ticket for you to stand out against big competitors 🏆
In big saas companies, expectations are set high ⬆ . Stakeholders usually anticipate growth rates of around 200%. When there is a recession, they will cut marketing budgets- as they talk with their investors, CFO, and CMO to understand what spending they can directly attribute to sales. They will face friction with their venture capital and ultimately reduce their branding efforts 💸
Now, on the other hand, self-founded companies don't have to answer to anyone. If you are sustainable and revenue neutral 🌱 , it's a good opportunity for you - it's the perfect time to keep your brand name loud and clear in the industry 🔊 . Your competitors will cut their marketing expenditure, while your brand will be consistently buzzing in the ears of your customer, sending out a message of strength and growth amidst challenging economic times 📈
#marketing #branding #recession