Anupam Satyasheel, CEO of Occams Advisory, founded the company in 2012 after spending over half a decade on Wall Street. In light of potential economic downturns that worry investors, Satyasheel believes that maintaining superior capital efficiency can be key for small- and medium-sized businesses (SMBs) to not only survive but potentially thrive in difficult times. With the World Bank projecting slowed global growth due to rising inflation, high interest rates, and declining trade, economists are unsure if the U.S. will experience a recession or a soft landing in the near future.
To help SMBs protect and enhance their capital efficiency, Satyasheel suggests 10 strategies for businesses to consider in 2024. Some of these strategies include optimizing cash flow management by implementing strict accounts receivable and payable policies, enhancing operational efficiency by streamlining processes and reducing costs, focusing on core competencies to optimize resources and investments, leveraging technology for efficiency through automation and AI tools, and implementing adaptive business models to swiftly respond to market changes.
Monitoring market trends, enhancing supply chain resilience by strengthening supplier relationships, exploring alternative financing options, investing in employee training and retention, and deploying a regenerative investment philosophy are also highlighted as ways for SMBs to thrive during economic downturns. Satyasheel emphasizes the importance of these strategies to empower SMBs to make smart and strategic decisions that align with long-term goals and efficient capital use.
As a member of the Forbes Business Council, Satyasheel’s company embodies a philosophy that seeks to help businesses navigate challenging economic times effectively. By incorporating these strategies into their operations, SMBs can potentially position themselves for success and resilience in the face of economic uncertainties. Ultimately, the goal is for businesses to not only survive but also thrive by using capital efficiently and making strategic decisions that support long-term growth and success.
