Podknife - Plan for Bad Times - Budget in Good Times by Startup Therapy

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Plan for Bad Times - Budget in Good Times

Podcast |: Startup Therapy
Publisher |: Startups.com
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Health,; Mental Health,; Startups
Categories Via RSS |: Business
Publication Date |: Sep 04, 2023
Episode Duration |: 00:29:27

In today's Startup Therapy Podcast, Wil and Ryan discuss planning for the bad times and good times in your startup company. It's not all sunshine during the good times, and not all doom and gloom during the bad times. It's about striking that perfect balance in your startup's strategy. The secret to achieving longevity in the ever-shifting landscape of entrepreneurship? Continuous adaptation, vigilant monitoring of key performance indicators, and the ability to pivot when necessary, all while staying true to your business's core mission and values.

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Resources:

Startup Therapy Podcast
https://www.startups.com/begin
Join our Network of Top Founders
Check in with us on LinkedIn | Wil Schroter | Ryan Rutan

What to Listen For

00:00 Intro
01:59 Good and bad times aren’t just a single moment in time
04:31 Are founders aware of these oscillations?
05:45 “In good times, we plan for good times…”
10:04 What is longevity for startups?
19:04 Make decisions based on the likelihood of the outcome
21:03 Opportunities are planted during bad times
26:56 Plan for the hibernation

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