The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman. If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show note ...
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Startup Funding Espresso – Key Strategies To Turnaround a Business
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Manage episode 418193429 series 2414821
Content provided by Hall T Martin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hall T Martin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Key Strategies To Turnaround a Business Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. To turnaround a business you must take action early and not wait till it’s too late. Here are some key strategies to take to turnaround your business: Assess the situation. Review the market to see if the company is still competitive in the current landscape. Check to see if you have sufficient revenue, customers, support, and profit to maintain the business. Identify what revenue and cost structure you need to achieve break-even. Review the outstanding debt to see who is owed and how much. Solvency may determine the turnaround path and steps. Check your cash runway to see how much time you have to recover. Identify the core problem to be solved. With this information write out a turnaround plan. Make sure everyone knows the plan and buys into it. If there are creditors who must be paid then show them the plan and work out a payment schedule. Renegotiate outstanding debt to give you more time to rebuild the business. Set up metrics to track the progress on achieving the plan. Implement strict cash and expense controls. Strive to hit break even and then profitability without increasing costs. It’s important to execute on the plan in a timely manner. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .
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2140 episodes
MP3•Episode home
Manage episode 418193429 series 2414821
Content provided by Hall T Martin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hall T Martin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Key Strategies To Turnaround a Business Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. To turnaround a business you must take action early and not wait till it’s too late. Here are some key strategies to take to turnaround your business: Assess the situation. Review the market to see if the company is still competitive in the current landscape. Check to see if you have sufficient revenue, customers, support, and profit to maintain the business. Identify what revenue and cost structure you need to achieve break-even. Review the outstanding debt to see who is owed and how much. Solvency may determine the turnaround path and steps. Check your cash runway to see how much time you have to recover. Identify the core problem to be solved. With this information write out a turnaround plan. Make sure everyone knows the plan and buys into it. If there are creditors who must be paid then show them the plan and work out a payment schedule. Renegotiate outstanding debt to give you more time to rebuild the business. Set up metrics to track the progress on achieving the plan. Implement strict cash and expense controls. Strive to hit break even and then profitability without increasing costs. It’s important to execute on the plan in a timely manner. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .
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