Startup founders face millions of challenges when they start their company, the biggest question is- “What should they avoid while growing/scaling their business?”
In this video, Barry Eggers from Lightspeed VP, Dan Levin from Box, Roman Stanek from GoodData, and George Zachary from Charles River Ventures, discuss on startup mistakes to avoid when scaling the business. They impart tips and techniques to keep the startup culture, management, HR, financials, capital etc together.
When entrepreneurs start scaling their business, they should recognize and target who will be their early adopters. New businesses often make the mistake of hiring wrong people when they start scaling, although, they should hire people who don’t need to be managed and regularly motivate the team with their insights and output. Not only this, but they should also develop strategies, plans and organisational chart to find out what won’t work anymore.
Check out the above video to know more about what should founders/teams be aware of when growing their companies.