If one were to decipher the startup world from a media coverage perspective, it would probably start with funding and you guessed it right- end with news on funding. Hence it becomes imperative for start-ups, especially those funded, to ramp up operations at profitable levels. However, before expanding, founders should analyze how their venture racks up against the following four scaling up readiness parameters.
THE FOUNDING TEAM IS DISPENSABLE
HUMAN CAPITAL TURNOVER IS MITIGATED
CUSTOMER ACQUISITION AND RETENTION IS ON AUTO MODE
RESTAURANT BUSINESS PLANNING PROCESSES ARE TESTED
If you believe the above sounds like your organization, start exploring ways to increase your footprint. At times one does come across ridiculous theories stating that profitability can be ignored while scaling a business.
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