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Five ways to survive a downturn

There’s a presentation I’ve given a number of times titled “Why Startups Fail”, it has 3 slides:

  • Do what ever it takes
  • Focus
  • Remember the Exit

I was describing recently to a friend of mine and it occurred to me that some of the lessons I have learned over years working with startups might apply in downturns.   So here they are, 5 ways to survive downturns:

1. Do whatever it takes

It seems simple and trite to say “do whatever it takes”, but I am constantly amazed that people won’t do whatever it takes.   Whatever it takes means literally whatever it takes, and it is hard to do.   Read more…