How Fast Is Too Fast For Startup Growth?
Thought you might be interested in an article how fast is too fast for startup growth and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.
Even though fast initial growth might seem like something unconditionally perfect, a lot can go out of hand if things are happening too quickly. While a startup company is designed to grow at a rapid rate, spiraling out of control is a present danger. On one hand, an increase in sales has a tendency to turn your irises into dollar signs, but on the other, a lot of changes and scaling has to take place in order to cope.
Find a Mentor
You might think you can handle things on your own, based solely on your talent and research, but even if you excel at both, you lack in experience, which can be obtained through feeling it on your own skin. This would be the hard way, one that could turn dangerous and painful. The easy way of learning to swim in the sea of business world comprises finding someone with at least a decade’s worth of experience to guide you through the basics and perform a role of a helping wheel on your business bike. If you don’t know such a person, you’ll have to find one and offer them something. Now, while you can pay them for your services, chances are they won’t be looking for cold hard cash. Instead, offer collaboration, which, in itself, is a fantastic opportunity to establish new connections and open a couple of new doors.
Have more than a Short-Term Goal
The fact that the nature of a startup is a fast growing one doesn’t necessarily imply that you do not have to think ahead. On the contrary, in order for this type of a company to reach success, you have to have a long-term vision and mission, a series of medium-term objectives and short-term goals. This will support the fast growth of your company.
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Thanks,
Robert