I started a new company after closing a startup — was the second attempt different?

i started a new one after closing the first and it was totally different... the first time i acted like the 'boss', the second time like an 'employee'. but i managed the business better.

checklist for starting a second time: 1) what did you cut in the first company? keep it written down. 2) what was the customer feedback? listen again. 3) who were the wrong partners? be careful next time. 4) what was the wrong product? pick a completely different product/service.

every failed startup is like an educational institution. the costs are heavy but the lessons are valuable. those who start a second time make better decisions by leveraging knowledge — failure becomes a guide.

this has been done a lot already tons of people started new ones after closing theirs then you wont necessarily succeed but the failure rate goes down.

note: I wrote this based on my own experience, it might not apply to everyone.

when you succeed the second time, you see that first closure as a reward! tbh because if that closure hadn't happened this success wouldn't have been possible!

This is exactly what we experienced. Just because everyone does it doesn't mean it's right.

Just leaving this note, it might be useful.

The discussion got scattered, let me summarize. Pausing growth to breathe is also a strategy, nobody says that.

Extending terms makes customers happy but turns you into a financing institution. Good luck with that.

My questions are cleared up, thanks.

Timely topic. Mistaking revenue for cash is the most expensive illusion; trust the bank account.

If you have questions, write them; I'll answer as best I can.

You're right I've been down that road too. Cutting your own salary is a temporary tactic; if it lasts more than six months, something will break.

If you have questions, write them; I'll answer as best I can.

Correct. Everything goes well for the first three months; problems arise in the fourth.

If you have questions, write them; I'll answer as best I can.

We got stuck at the same point for a while. The real issue isn't the number, but what it's based on.

If you don't write this down from the start it leads to arguments later. This is my opinion, I'm not claiming it's absolute truth.

Let me write how it's done in practice. Taking notes for two weeks yields better results than a six-month estimate.

Just leaving this note, it might be useful.

i'd appreciate it if you shared the outcome.

We need to take it step by step. Cutting your own salary is a temporary tactic; if it lasts more than six months, something will break.

If you get three different answers on a topic, the question was asked wrong. I'm also curious if anyone does it differently.

I've been dealing with this for a long time. If it's your first time, start small; scaling comes later.

If you post the result here, it will help others too.

We need to take it step by step. The answer varies greatly by industry; there is no one-size-fits-all rule.

That's all, sorry if I went on too long.

I've been dealing with this for a long time. Trying to do this alone is the most expensive way.