Tag Start-up

Tag Start-up

The Start-up Diary Part 2: Founder Depression

Tags: , , , , , Business, Organization, Process
photo credit: Hamed Saber via photopin cc

photo credit: puck90 via photopin cc

Premise: you are the CEO of a hot and well-funded start-up, in your early twenties to thirties. The press has started referring to your company as the next big break to watch. Sounds all good? Not quite. Investors are pushing fervently for more and more growth, but you are unsure whether the company can technically and operationally handle the expanded amount of service. You don’t know which business processes can stay relatively unchanged and which need to be upgraded. You can’t tell who in the firm is delivering good services and who isn’t. Worse still, time isn’t on your side. All of these quickly pile up while you are pushed to the edge of your nerve. Eventually you suffer from the “founder depression” syndrome *
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The Start-up Diary Part 1: Growing Pain

Tags: , , , , , , , Advance, Advice, Business, Organization, Process
photo credit: Hamed Saber via photopin cc

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Growth by default is the number one priority for start-ups. Understandably, the only reason why investors would want to put money into businesses with no collateral is capital gains. While the average investment’s required churn out is usually a reasonable 10-20% annual ROI, venture capitalists expect start-ups to grow at a substantially higher, and in some cases near impossible, rate. What this means for the young business is that operation will always have to be pushed towards a constant growth goal when many of their processes are not yet ready for the job.

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From Start-ups to Scale-ups: The Process gap

Tags: , , , , , Advance, Business, Business Process Management, Process Design
photo credit: Hamed Saber via photopin cc

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As the Financial Service revolution gains traction, FinTech start-ups can soon expect a period of rapid growth.
Scaling up however, is no piece of cake. Technical challenges aside, a company’s processes should also be re-assessed for compatibility with any additional operational capacity. Unsurprisingly, process problems – or gaps – are a common sight in young businesses trying to expand in scale or scope, regardless of which field they operate in. Read More