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The 3 C’s of Downturn Planning: Cash, Communication, Contingency

Simple, actionable steps to prepare your startup to get through a downturn and build the best possible outcome for the future.
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We’ve heard the news, we’ve seen prices going up, watched volatility in the markets and tracked other economic indicators.

Chances are, there is a downturn and possibly a recession on our horizon.

That doesn’t mean it’s time to panic. There are simple, actionable steps you can take now to prepare your startup to get through a downturn and build the best possible outcome for the future.

In this special episode, Burkland’s Steve Lord, CFO Fintech Practice Lead, and Daniel Rosenbaum, Burkland Consulting CFO, give candid advice on preparing for a downturn and a reminder that this has happened before with companies making it through by taking the necessary actions.

We discuss:

  • The upcoming downward trend or recession
  • How to prepare your startup for the future – actionable steps you can take now
  • Best practices for the three “C’s”: cash runway, communication and contingency planning to survive a downturn or recession

This discussion with Steve Lord and Daniel Rosenbaum comes from our show Startup Success. Browse all Burkland podcasts and subscribe to the show on Apple podcasts.