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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Stages of a Turnaround Process
Description: Stages of a Turnaround Process Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several stages in a business turnaround. Consider these phases for your startup: Assessment: This phase determines the crises and the impact on the business. This can include both internal and external factors Triage: This phase sorts through the potential strategies to recover the business. This can include reorganizing the company through filing bankruptcy. Stabilize: This phase sees actions to reduce losses and moves the business to a stable condition. This involves reducing the...