Louis Lehot Authors Article on How Startups Outlast a Downturn

Foley & Lardner LLP partner Louis Lehot authored the Westlaw article, “Startups surviving a slump: What it takes to make it through a downturn,” discussing startups that have survived economic downturns and the factors that contribute to their success in weathering challenging times.

Lehot explores several of the key traits that contribute to a startup’s longevity in difficult economic times, including the importance of adaptability, cost control, renewed focus on core competencies, innovative thinking, and a resilient team led by effective leadership.

“While economic slumps can be daunting for startups, they also present opportunities for growth and resilience,” Lehot concludes. “By operating leanly and focusing on the principles that will drive them forward, startups can survive and emerge stronger, positioning themselves for long-term success.”