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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 14, 2024

Key Strategies To Turnaround a Business

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

To turnaround a business you must take action early and not wait till it’s too late.

Here are some key strategies to take to turnaround your business:

Assess the situation.

Review the market to see if the company is still competitive in the current landscape.

Check to see if you have sufficient revenue, customers, support, and profit to maintain the business. 

Identify what revenue and cost structure you need to achieve break-even.

Review the outstanding debt to see who is owed and how much.

Solvency may determine the turnaround path and steps.

Check your cash runway to see how much time you have to recover.

Identify the core problem to be solved.

With this information write out a turnaround plan.

Make sure everyone knows the plan and buys into it.

If there are creditors who must be paid then show them the plan and work out a payment schedule.

Renegotiate outstanding debt to give you more time to rebuild the business.

Set up metrics to track the progress on achieving the plan.

Implement strict cash and expense controls.

Strive to hit break even and then profitability without increasing costs.

It’s important to execute on the plan in a timely manner.


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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