Recovery Strategies

When Things Go Wrong

Financial Crisis: 1. Cut burn immediately (aim for 18+ months runway) 2. Communicate transparently with team 3. Negotiate with creditors 4. Explore bridge funding 5. Consider pivot or acquisition

Team Crisis: 1. Address issues directly 2. Bring in external help 3. Over-communicate 4. Make hard decisions fast 5. Rebuild with lessons learned

Product Crisis: 1. Talk to customers immediately 2. Identify core problem 3. Simplify radically 4. Focus on must-haves 5. Communicate changes clearly