Not all startups have the potential to scale (the hard truth most founders don’t know).

When you listen to founders talk about TAM, SAM and SOM it actually sounds like heaven at least until its time to execute and the limitations appear.

There’s a reason some scale and others don’t no matter how much funding they raise.

Top of the list are the following:

1. Strategy: Executing the right strategy at each phase of the business can accelerate growth, the wrong strategy can also hinder growth.
2. Team: The core team need to be equipped with the right skills, and mindset to achieve the goals.
3. Processes: Setting up efficient processes that boost productivity are almost inexcusable if growth is the focus.
4. Legal: There’s always paperwork to be done to protect the startup and key players.
5. Funding: You’re going to need funding to expand

Listen to great and experience founders talked about how to Building Scalable Startups In Highly Competitive Markets.  

Speakers:

Zion Thompson, Partner, Startup LaunchCode

Karen Chukwu, Managing Partner, Katwig & Dale

Charles Dairo, Co-founder, Beezop

Cynthia E. Chisom, Founder, The Aboki Africa