The Benefit of a Hard Reset
Nov 23, 2020•33 min•Ep. 82
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Episode description
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
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