Plan for Bad Times - Budget in Good Times

In today's Startup Therapy Podcast, Wil and Ryan discuss planning for the bad times and good times in your startup company. It’'s not all sunshine during the good times, and not all doom and gloom during the bad times. It's about striking that perfect balance in your startup's strategy. The secret to achieving longevity in the ever-shifting landscape of entrepreneurship? Continuous adaptation, vigilant monitoring of key performance indicators, and the ability to pivot when necessary, all while staying true to your business's core mission and values.
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Resources: Startup Therapy Podcast  https://www.startups.com/begin Join our Network of Top Founders  Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For 00:00 Intro 01:59 Good and bad times aren’t just a single moment in time 04:31 Are founders aware of these oscillations? 05:45 “In good times, we plan for good times…” 10:04 What is longevity for startups? 19:04 Make decisions based on the likelihood of the outcome 21:03 Opportunities are planted during bad times 26:56 Plan for the hibernation