Growth mode

Growth mode

A startup (should) operate in a different way when it goes from survival mode to growth mode. When the idea is launched, it gets tested in the market. If the startup is solving customers’ problems, is entering a good industry, is competitive, timing is right, and many other things including luck, the startup takes off. There’s a certain type of leadership and management needed when it is focused on surviving in the market.

Once the startup gets some ground, it should operate in the growth mode. A growth mode is different and a certain type of leadership and management is needed in this phase. What got the startup to the growth phase does not guarantee it will take it to the next level. In the growth mode, hiring the right people, retaining the loyal employees, maintaining the culture, taking on newer challenges, and many other things are important.

Which mode is your startup on?

Leave a Reply

Post navigation

  Next Post :
Previous Post :