The goal of many startup companies is to become a scalable business. Unfortunately, there is some confusion about what it really means to scale up.
Topic: How to Improve Your Company
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
Entrepreneurial Ecosystem Spotlight
Startup Accelerator Spotlight
Startup Investor Spotlight
Business Startup Spotlight
Entrepreneur Events Spotlight
University Entrepreneurial Program Spotlight
Women Entrepreneurs Spotlight
All companies face risks, and startups are no exception. As you seek financing from third parties, remember that once financing is obtained, the resources of those outside investors now face the same risks as your personal resources.
If you have the curse of the entrepreneur, then you are familiar with the insatiable need to launch something – to create something and get it out there.
A big company bench can allow you to scale rapidly, but excess payroll costs can also drag you down…fast. On the other hand, you can’t be too timid or slow, the market waits for no person. So how do you handle this dilemma?
- Growing old while building a startup company will mature both you and the business.
Customer Discovery is not a static operation. It is a continuous flow. The more you know about who will use your product, the greater the likelihood of success.
There are many ways for a startup to fail. Some factors, like regulatory changes or input cost increases, are beyond the founder’s control. However, there are three significant actions that entrepreneurs are often guilty of that can kill your company as fast as anything.
Like a master chef preparing a sumptuous feast, every entrepreneur needs to know the right “ingredients” to make his or her business turn out just right. Here are the 8 ingredients for a business secret sauce:
“The single biggest problem in communication is the illusion that it has taken place.”– George Bernard Shaw
The startup with attributes that best fit a particular accelerator’s established criteria and objectives, and best fits the needs of the startup will be the one with the highest probability of being a match and one in which the accelerators will be more likely to accept the startup into the cohort.