In today’s episode of Startup Therapy Podcast, Wil and Elliot talk about the benefits of a hard reset for a Startup, letting go of liabilities in exchange for a fresh start, and identifying priorities when going through a hard reset.
Show Notes
In today’s episode of Startup Therapy Podcast, Wil and Elliot talk about the benefits of a hard reset for a Startup, letting go of liabilities in exchange for a fresh start, and identifying priorities when going through a hard reset.
Listen in to know why a Startup reset can sometimes help save a business!
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What to Listen For
- 00:00 Intro
- 00:47 Benefits of a Startup's hard reset
- 04:16 Outsourcing based on what may happen
- 08:19 Part of a hard reset is getting fresh talents to join the team
- 12:27 With a rest, what does the staff look like?
- 15:12 Take inventory of the stuff that didn't work
- 18:20 Businesses walking away from monthly liabilities
- 22:06 Shred expenses and cut old agreements to reset
- 25:51 Sometimes, a start over is best to be profitable
- 27:51 If you're thoughtful, can build a more nimble business
- 30:01 Some hard events push for a reset, for decisions to be made
What is Startup Therapy?
The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.