🚀 Is Your Startup Ready to Scale? Here Are Some Questions You Should Ask Yourself
Only about 1 in 200 startups become true scaleups. (Growth Institute)
So how do you know if your company is ready to scale?
First let’s define what scaling means: You’re a startup if you’re still proving your business model. If you’ve already proven your model and are scaling your revenue, you’re a scaleup. (Growth Institute)
If you’re unsure where you fall, here are some questions that can help:
🔹 Have you perfected product-market fit?
🔹 Have you been growing at 20% per year (or more) for at least the past three years?
🔹 Do you have a repeatable and scaleable sales process?
🔹 Can you keep scaling when you really hit the gas?
The graph below 👇 can give you a quick, back-of-the-envelope gut check on whether you’re ready to scale. It’s from David Skok, a serial entrepreneur turned venture capital investor at Matrix Partners.
What scares you most about scaling a business? What do you find most exciting? Please share in the comments below. 🗯️
Source: David Skok