
E1041: The Lean Startup’s Eric Ries gives tactical advice for founders during an economic downturn: obligations of leadership, extending runway, handling layoffs with grace, finding new revenue opportunities, capitalizing on silver-linings & more!
This Week in Startups
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Navigating Downturns: Strategies for Founders
This chapter offers tactical advice for founders dealing with economic challenges, focusing on preserving employment and exploring new revenue streams. It emphasizes the importance of transparency, compassion in decision-making, and historical examples of companies that thrived post-crisis. Founders are encouraged to adopt a disciplined approach and foster a culture of shared sacrifice while maintaining a long-term vision for their companies.
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