If Your Business is About to Fail, What do You Do? | Ep. #956

In episode #956, we discuss what you should do if your business is failing. Tune in to hear how you can bring your company back from the brink. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: If Your Business is About to Fail, What do You Do? [00:35] When Eric took over Single Grain, it was about to fail. [00:54] Eric mapped out the worst case scenario and tried to plan for that. [01:15] Ultimately, it helped him turn things around and had contingency plans for various scenarios. [02:05] Khosla Ventures has great blog posts, including one called, “If/Then Planning”. [02:33] Look at your numbers. [02:52] Go back to basics: what was successful in the past? [03:10] Replicate your past successes. [04:15] Eric is focused and isn’t spread thin anymore. He used to burn a lot of money. [04:35] That’s it for today! [04:42] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.