If Your Business is About to Fail, What do You Do?

[00:27] Today’s Topic: If Your Business is About to Fail, What do You Do?

[00:35] When Eric took over Single Grain, it was about to fail.

[00:54] Eric mapped out the worst case scenario and tried to plan for that.

[01:15] Ultimately, it helped him turn things around and had contingency plans for various scenarios.

[02:05] Khosla Ventures has great blog posts, including one called, “If/Then Planning”.

[02:33] Look at your numbers.

[02:52] Go back to basics: what was successful in the past?

[03:10] Replicate your past successes.

[04:15] Eric is focused and isn’t spread thin anymore. He used to burn a lot of money.

[04:35] That’s it for today!

[04:42] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested!

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