The Benefit of a Hard Reset
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 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
