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Investor Connect Podcast


Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

May 20, 2024

How To Turnaround a Business

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A business turnaround is just like any other aspect of running a business.

Here are some key steps in running a turnaround program for your startup:

Identify the problem to be solved.

There’s typically 2-3 major issues to address.

Develop a plan to move the business in a new direction.

Consider the stage of business and the resources available to it.

Gain commitment on the plan from the team and the investors.

It’s important to get the shareholders on board.

Implement the plan to stabilize the business.

Go for cash flow breakeven and a stable customer base first.

Move the business to profitability.

After stabilizing, start looking to increase profits first.

After achieving profitability, you can start to grow the business.

In the turnaround consider the following actions:

Review all budgets for expenses.

Review past customers to see who can be reactivated.

Reformulate the organization chart.

It’s important to be transparent about the condition of the business.

Be willing to drop favorite projects that no longer fit the core focus of the business.

Show commitment to the new plan and inspire others to support it. 

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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