Scaling from 20 to 200 employees is one of the biggest challenges, and opportunities, you will have as a leader. Learn from experts and entrepreneurs who have already done just that. Only about half of all startups survive their first five years in business. Only 1 in 200 become actual scale-ups. What’s a scale-up? It’s a startup that has proven its business model, determined product-market fit and can demonstrate to prospective investors that it is worthy of further investment. But while many people focus their definition of scale-up around the product, finding and retaining the right people is one of the most challenging aspects of a scale-up.
A company with 20 employees can be a profitable and effective small company, but a scale-up needs to set its sights on the path to 200 people.
Does the company have the right people (and processes) in place to make decisions (both major decisions and daily operational decisions)?
Does the company have the right people to support product development, marketing, sales, customer service, and other operational necessities?
Is the company organized to compete in the marketplace?
Is it organized to grow without adding too much in overheard?
This conversation with experienced scale-up chief people officers will cover the many paths to scale-up success.