Many Startups Shutdown a Few Times Before They Succeed

<p>In today’s Startup Therapy Podcast, Wil and Ryan talk about the truth about Startup shutdowns. Shutdown cycles always happen to Startup businesses, several bad decisions don’t mean a complete failure, and second chances can happen when you’ve asked the critical Why’s.</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/begin">https://www.startups.com/begin</a></li></ul><p><br></p><p><strong>What to Listen For</strong></p><ul> <li>00:00 Intro</li> <li>00:59 Startup shutdown is always part of the process</li> <li>07:05 Shutdowns had been happening even before COVID</li> <li>12:15 When you assume you’re a failure because of several bad decisions</li> <li>14:27 How bad was the mindset?</li> <li>16:47 What was the turning point?</li> <li>19:56 Rising back after a 48-hour downtime</li> <li>24:59 Do-overs are what defines some of the great companies</li> <li>28:46 Tips on how to restart a Startup</li> <li>34:06 The looming danger when you can’t ask all the critical “Why?”</li> <li>35:54 It starts with seeing a version 2 of the business to restart</li> </ul>