Adapting to Economic Turbulence in the Steem Entrepreneur Community

Asalam alikum, I hope all steemians are doing great. Topic of the contest is apt according to nowadays situation. I look forward to views of steemian fellows on the topic. Here I will share my views:

How has the recent geopolitical turmoil affected your business operations, revenue streams, and market dynamics within the Steem Ecosystem?

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Wars have always brought horrible repercussions on each and every aspect of life. Where it kills dreams of people and put them into vulnerable conditions it has effect on rest of the world too. Recent intervention of Iran in Israel and Palestine conflict has resulted in anticipated fluctuation of crypto currency. Bitcoin faced decrease in its value and similarly other crypto currency including steem. Steemit platform used to pay in SBD which had yielding and fruitful results for the people working on this platform, for some time it stopped paying in SBD which was bit disappointing but now the latest is that again it has started to pay in SBD.
Though apart from writing posts on steemit I am not involved in any business dealing in crypto currency but even here we put our resources and expect acknowledgments of our efforts in form of earning. So when payment is affected our revenue stream also gets affected.
I would also like to mention effect of recent geopolitical turmoil on other businesses that involve international routes. International parcels that used to take fortnight in delivery are taking 4 to 5 months now. This is affecting the businesses badly. With increase in price of oil, every commodity has increased price and that has brought inflation.

What proactive measures have you taken to respond to fluctuations in Bitcoin prices and disruptions to platforms like Steemit ? How are you sustaining your business during these turbulent times?

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Consistency is the key to solving or facing any issue. For those who are investing in crypto currency should be very careful and should not invest much in crypto currency. When the situation becomes favorable they can continue with their plans. For people who are on the steemit platform they should continue working and should utilize most of their earning in power up, when SBD is operational again they will have their desired earnings.

Looking ahead how do you plan to navigate future uncertainties and economic fluctuations? What strategies will you prioritize to enhance the resilience of your busines model ?

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First and foremost strategy that I will adopt and will want other steemians to adopt will be having a long term perspective. We should not get panic and should not focus on short term changes. Steemit has a very positive environment; we should respect the values and objectives of steemit and should continue spreading positive vibes by contributing from our side. With situations becoming favorable, we will reap the fruits of our patience.
Second strategy would be to keep an eye on market trends and geopolitical conditions, it will help us adapt our goals and objectives accordingly and will help us to be mentally ready for upcoming situations.
Last but not least, we should not rely on one source we should try for expansion on many possible prospects. These are sme of the sartegies that can help us maintain or enhance our business model.

I invite @aaliyarubab, @virajherath, @drhira and @abdulrakib to this contest.