If Your Business is About to Fail, What do You Do? | Ep. #956

Nomzy Stholly

6 min

Investing & Markets

Description

In episode #956, we discuss what you should do if your business is failing. Tune in to hear how you can bring your company back from the brink. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress <a href= "https://docs.google.com/forms/d/e/1FAIpQLSegKGoOGZ2CfPUZjPMAMSWD_lBVKSSRym1HP57fQJV67oAwEw/viewform"> here</a>! TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: If Your Business is About to Fail, What do You Do?</li> <li>[00:35] When Eric took over Single Grain, it was about to fail.</li> <li>[00:54] Eric mapped out the worst case scenario and tried to plan for that.</li> <li>[01:15] Ultimately, it helped him turn things around and had contingency plans for various scenarios.</li> <li>[02:05] <a href= "https://www.khoslaventures.com/">Khosla Ventures</a> has great blog posts, including one called, “If/Then Planning”.</li> <li>[02:33] Look at your numbers.</li> <li>[02:52] Go back to basics: what was successful in the past?</li> <li>[03:10] Replicate your past successes.</li> <li>[04:15] Eric is focused and isn’t spread thin anymore. He used to burn a lot of money.</li> <li>[04:35] That’s it for today!</li> <li>[04:4

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Episodes

If Your Business is About to Fail, What do You Do? | Ep. #956

Nomzy Stholly

6:30