The Benefit of a Hard Reset

23/11/2020 33 min Episodio 82
The Benefit of a Hard Reset

Listen "The Benefit of a Hard Reset"

Episode Synopsis


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!Sign up for the Startups Newsletterhttps://www.startups.com/newsletterWhat to Listen For00:00 Intro00:47 Benefits of a Startup's hard reset04:16 Outsourcing based on what may happen08:19 Part of a hard reset is getting fresh talents to join the team12:27 With a rest, what does the staff look like?15:12 Take inventory of the stuff that didn't work18:20 Businesses walking away from monthly liabilities22:06 Shred expenses and cut old agreements to reset25:51 Sometimes, a start over is best to be profitable27:51 If you're thoughtful, can build a more nimble business30:01 Some hard events push for a reset, for decisions to be made