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Many Startups Shutdown a Few Times Before They Succeed

Podcast |: Startup Therapy
Publisher |: Startups.com
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Health,; Mental Health,; Startups
Categories Via RSS |: Business
Publication Date |: Feb 01, 2021
Episode Duration |: 00:39:11

Description
iTunes Summary

In today’s Startup Therapy Podcast, Wil and Ryan talk about the truth about Startup shutdowns. Shutdown cycles always happen to Startup businesses, several bad decisions don’t mean a complete failure, and second chances can happen when you’ve asked the critical Why’s.

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

https://www.startups.com/begin

What to Listen For

00:00 Intro
00:59 Startup shutdown is always part of the process
07:05 Shutdowns had been happening even before COVID
12:15 When you assume you’re a failure because of several bad decisions
14:27 How bad was the mindset?
16:47 What was the turning point?
19:56 Rising back after a 48-hour downtime
24:59 Do-overs are what defines some of the great companies
28:46 Tips on how to restart a Startup
34:06 The looming danger when you can’t ask all the critical “Why?”
35:54 It starts with seeing a version 2 of the business to restart

In today’s Startup Therapy Podcast, Wil and Ryan talk about the truth about Startup shutdowns. That shutdowns always happen to Startup businesses, several bad decisions don’t mean a complete failure, and second chances can happen when you’ve asked the critical Why’s.

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

https://www.startups.com/begin

What to Listen For

00:00 Intro
00:59 Startup shutdown is always part of the process
07:05 Shutdowns had been happening even before COVID
12:15 When you assume you’re a failure because of several bad decisions
14:27 How bad was the mindset?
16:47 What was the turning point?
19:56 Rising back after a 48-hour downtime
24:59 Do-overs are what defines some of the great companies
28:46 Tips on how to restart a Startup
34:06 The looming danger when you can’t ask all the critical “Why?”
35:54 It starts with seeing a version 2 of the business to restart

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