Transitioning from a start-up to a scale-up is a critical and challenging phase for tech companies.
While the start-up phase is characterized by the quest for a viable business model and product-market fit, the scale-up phase focuses on rapid growth and expansion.
The main challenge of scaling up is maintaining your start-up’s speed, without compromising your company’s values. Here are some ways you can do that successfully.
1. Maintaining innovation
In the early stages, tech start-ups often thrive on innovation. With small, agile teams and a high tolerance for risk, they can rapidly prototype and iterate on ideas.