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How to REBUILD Your Business After A Crisis | Eropa Stein of Hyre
The conversation with the Founder and CEO of Hyre, Eropa, highlights the stark reality for business and startups: the unexpected can happen at any moment.
Just three months post-investment, the pandemic restrictions hit, resulting in a fast growing business reduced to $0 revenues. Eropa's strategic pivot with a very low cash burn while increasing the team was nothing short of admirable. It's a lesson in resilience and the power of quick, decisive action in times of crisis.
In this episode, we delve into Eropa's entrepreneurial journey, the inception of her temp staff marketplace, and the challenges faced during the COVID-19 pandemic.
Europa discusses the strategic pivot to other industries and the development of staffing software that helped her business survive and grow amidst the crisis. They also touch on the importance of adaptability, mental health, and the strategic use of resources. Europa advises founders on fundraising, suggesting they consider alternatives before seeking venture capital and focus on proving their business model.
Learn more about Hyre: hyrestaff.com/
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