Podknife - Manage Downside First - Big Opportunity Second by Startup Therapy

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Manage Downside First - Big Opportunity Second

Podcast |: Startup Therapy
Publisher |: Startups.com
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Health,; Mental Health,; Startups
Categories Via RSS |: Business
Publication Date |: Apr 19, 2021
Episode Duration |: 00:37:52

Description
iTunes Summary

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.

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

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

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

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

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