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Published: April 13, 2021
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Author: Aniruddha Ganguly

Startups need both accelerator and brake to survive and scale up

Many startups fail to scale up, though they have great business ideas and the founders don’t lack either intelligence or passion. Here are the top reasons that are so obvious but neglected.

First, mental resilience provides the magic sauce of high adversity quotient and breakthrough innovation. What are you doing to build and preserve your mental stamina?

Second, ensure that cash generation from business remains a high priority. Nothing else matters as much, for the long-term survival of your business. How are you ensuring this?

Third, as you grow, you must professionalize – build a leadership pipeline, implement strong business processes, put in place robust corporate governance – without these, your business will not scale up beyond a point. Some founders don’t have the patience to professionalize. They need external expertise before it is too late.

It may be exciting to drive a car without a brake. But you need both an accelerator and a brake to complete your journey. What do you think?

For any further query: https://eumatterconsulting.com/start-ups/

#entrepreneurship #entrepreneur #startups #startupstrategies #transformation #leadership #innovation #businessgrowth #consulting #aniruddhainsights #eumatterconsulting

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