Manage Downside First - Big Opportunity Second

<p>In today’s Startup Therapy Podcast, Wil and Ryan talk about planning for a downside strategy. Having a downside strategy allows for open conversations to conclude effective upside plans and address issues level-headedly. It’s a clear and sound path for founders to clean up a failing Startup.</p><p><br></p><p><strong>Sign up for the Startups Newsletter</strong></p><p><a href="https://www.startups.com/newsletter"><strong>https://www.startups.com/newsletter</strong></a></p><p><br></p><p><strong>Resources:</strong></p><ul> <li><a href="https://www.startups.com/community/startup-therapy">Startup Therapy Podcast</a></li> <li><a href="https://www.startups.com/begin">https://www.startups.com/begin</a></li> <li>Join our <a href="https://www.startups.com/community/founder-groups">Network of Top Founders</a> </li> </ul><p><br></p><p><strong>What to Listen For</strong></p><ul> <li>00:00 Intro</li> <li>00:29 Dealing with downsides forces difficult conversations</li> <li>05:33 Downside strategies are a big part of any Startup</li> <li>11:05 What is your tolerance for tough decisions?</li> <li>18:14 Duration and severity of a downside</li> <li>21:30 Know how to deal with a failing business</li> <li>26:27 Establishing a threshold can make a difference</li> <li>29:40 “When we worry about things, we tend to scale up to the biggest worry.” - Wil </li> <li>32:10 Having a downside strategy allows for a powerful upside strategy</li> <li>36:09 Build detailed downside strategies and be open to conversations</li> </ul>