Grow, Fix, or Exit Decision.

Make the honest call about the venture future on evidence, not pride, including the hard and valuable decision to close one that will not work.

The third step of running the venture, with the board.

Part A. The evidence

From the dashboard: does it net money, or will it

From the guard: does it serve the mission and sit on safe ground

Part B. The decision

Grow it (it works and serves the mission) / fix it (it can work but does not yet, and here is the specific fix) / let it go (it does not and will not, and the resources are needed elsewhere). Do not let sunk cost or pride keep a failing venture alive. Decision and reason

Board-owned, recorded on (date)

Part C. If exit, close it well

A closure that protects your people, your customers, and your obligations, and frees the resources the venture was eating. Closure plan

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