I once worked with a PhD who was trying to breathe life into his struggling life sciences business. I thought we were working on a turnaround. He kept correcting me, calling our work an entrepreneurial restart.
While a capital infusion was needed for this company, which was aimlessly drifting in the doldrums, an entrepreneurial restart was the perfect pairing of words to describe what was about to transpire in this organization.
In this brief discussion, I’ll outline five critical requirements to kick-start an entrepreneurial restart. I’ll also explain the differences between a restart, reboot, and reset.
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