In today’s Startup Therapy Podcast, Wil and Ryan talk about planning for a downside strategy. Having a downside strategy allows for open conversations to conclude effective upside plans and address issues level-headedly. It’s a clear and sound path for founders to clean up a failing Startup.
Show Notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about planning for a downside strategy. Having a downside strategy allows for open conversations to conclude effective upside plans and address issues level-headedly. It’s a clear and sound path for founders to clean up a failing Startup.
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Resources:
What to Listen For
- 00:00 Intro
- 00:29 Dealing with downsides forces difficult conversations
- 05:33 Downside strategies are a big part of any Startup
- 11:05 What is your tolerance for tough decisions?
- 18:14 Duration and severity of a downside
- 21:30 Know how to deal with a failing business
- 26:27 Establishing a threshold can make a difference
- 29:40 “When we worry about things, we tend to scale up to the biggest worry.” - Wil
- 32:10 Having a downside strategy allows for a powerful upside strategy
- 36:09 Build detailed downside strategies and be open to conversations
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.