Crossing the chasm from start-up to scale-up is exhilarating. But don’t expect it to be easy. You’re entering a whole new world, and things are going to have to change.
In a scaling tech business, certain risks and challenges are all but inevitable. Whether you’re the CTO or hold any other C-suite role, you’re bound to encounter them at some point.
We’ve pulled out three of the big ones that can cause the greatest harm if they’re not anticipated and dealt with effectively. Start giving them some thought at the earliest opportunity; it will help you make more purposeful and focused decisions on a daily basis.
The premature scaling trap
Research by the Startup Genome shows that growing too fast is a common cause of failure for start-ups. It’s estimated that around 70 percent of scaling businesses fall into the trap of premature scaling.
So, how fast is too fast?
A tell-tale sign of premature scaling is business expansion that outpaces…