Episode description
In today's Startup Therapy Podcast, Wil and Ryan discuss when to quit or let go of your startup. If your startup has struggled for an extended period without meaningful progress, causing financial strain, and lacks market validation, it might be time to consider quitting. Additionally, if the startup is taking a toll on your physical and emotional well-being, negatively impacting relationships, or if you've lost passion for the project, quitting could be a wise decision. Remember, quitting isn't always a failure; sometimes, it's a strategic move toward a brighter entrepreneurial future.
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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
- 00:09 Do you want to quit?
- 03:41 Would you stay in your startup if it were a job?
- 06:48 When quitting is the smart choice
- 09:08 What is quitting?
- 14:01 Deciding when to quit a startup
- 19:29 Staying for fear of failure
- 26:29 When to let go