the 7 quiet killers of growing startups

The

Quiet Killers of Growing Startups

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The Growth Trap

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The Challenge:Unsustainable Growth

The Answer:Financial Awareness

High growth can overwhelm the existinginternal control of small teams.

1. Understand your operating costs, as well as how they evolve.

2. Know your day-to-day working capital needs.

3. Go beyond income statements to assess your true health index.

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Stretching Resources

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The Challenge:Doing Too Much, Too Soon

The Answer:Stay True To Core Values

Stretching limited resources forthe sake of growth may shift the

focus from quality to quantity.

If maintaining the quality that enabledyour success means missing an

opportunity, so be it.

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Changing Team Size

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The Challenge:Your Team is Growing

The Answer:Take Your Time

Your small team's decision makingused to be streamlined, but your growthhas made it slower and less organized.

Your growth took time, and your growingteam will need time as well. Stay patient,

hire the right fit, and tweak as you go.

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Filling the Gaps

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The Challenge:Filling the Gaps of Your Growing Startup

The Answer:Have an Exit Plan

It's often the CEO or team leaderwith a bird's eye view that fills

the team's naturally-occurring gaps.

Know exactly who is filling what gap,how long they will need to do so,

and what they will pivot to when they're relieved.

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Understanding Tech

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The Challenge:There's So Much To Understand

The Answer:Break It Into 3

Many growing startups, even those in thetech industry, feel overwhelmed just trying to

keep up with what they should know andwhat products they should be using.

1. Data: what would you use if cost didn't matter? Find an alternative tomeet that need.

2. Inertia: before relying on tech, have you optimized your team's decision-making process?

3. Security: this tech issue can spiral into a reputation issue. Invest in this first.

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Keeping the Customer First

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The Challenge:More Growth = More Support

The Answer:Remember Your Roots

You're tracking your growth in numbers, butforgetting that behind each number is a customer.

You will rise and fall based on two things:your product and your customer. Strive to

keep both top of mind at every stage.

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Balancing Budget & Risk

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The Challenge:A Speed Imbalance

The Answer:

Accounts payable are moving way fasterthan your sales or collections, and you've

become a bit numb to the risk of it all.

Find a trusted advisor who is outside of your startup, preferably one that has accomplished

what you hope to. They will understand the gameand provide a new perspective.

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