Seven ways to avoid the growth traps
Economic Times had a nice article on Seven ways to avoid the growth traps for startups. Ashok sent the article, and the article is adopted from Forbes.com, but it’s interesting read nonetheless.
Here are the traps:
- Burning cash too fast, not having enough cash to sustain till the big sales come in
- Mis-allocating capital on non revenue generating assets
- Going on an acquisition spree
- Forgetting rules of good customer service
- Refusing to delegate authority
- Relinquishing too much equity too soon
- Founders pocketing a few perks before the time is right
If you are a startup, or are planning to start one, go ahead and read the full article!
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