Startups need to focus…
Around the world, many startups stumble on the road to success when they focus on growth instead of putting the right systems in place.
Institutions and communities often assemble but, lack effective models for developing a entrepreneurial ecosystem. Their content and programs have no means of establishing and sustaining revenue, building better solutions for customers, or achieving scalability.
In addition, even if the right components are in place, it’s definitely possible to grow too fast. There are many companies who simple implode because they cannot keep up with their success. Things overwhelm them and suddenly they are down the rabbit hole. Many others did not put the right process in place for their type of business in the first place. Another drawback is hiring pals instead of competent people; they didn’t have the right people on the team. They didn’t have plans for scaling.
Many times, CEOs attempt to handle every task, but that’s an unsustainable model. One must put the right team in place to execute and develop a customer focus that works. The message and method of communication must have scalability, but its top priority is making sure a business has an entrepreneur-centric outlook for setting goals and establishing a vision.
If none of that made sense to you, you are in serious trouble. The pace of business runs far too fast and way far past, those not attuned or in-tune with technology and the methodology of current business.