Startup Funding Espresso Key Tests of a Turnaround Process
Key Tests of a Turnaround Process Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In turning around a startup there are key tests you must pass to achieve success. Here\u2019s a list of tests: Is the core business viable? If the basic business won\u2019t work then no amount of funding or strategy will save it. Do the team and the investors buy into the turnaround? If no one believes it will work then it won\u2019t. Does the leadership have credibility? If the leader doesn\u2019t have the credentials, then it\u2019s going to be hard to motivate the team. Can you get support from the lenders? If they won\u2019t give you room to try a turnaround then there\u2019s no opportunity. Can you raise more funding? If you can raise additional capital you have another shot at the business. Is there enough cash to run the business for at least a short period of time? If you have some cash you can make a go of it. Consider these key tests to determine if you can launch a turnaround. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .