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!

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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