General Counsel, Executive, Trusted Advisor, Author, Business Owner (The Savvy Startup Advisor) and Enabler of Zero-to-IPO Startups
Successful startups usually reach a point where infrastructure, human resources and systems cannot keep up with the growth of the business. Without the right pieces on the board, growth companies encounter execution issues, raising both commercial and other risks. Executing hiring plans, etc. must be prioritized. In a recent Acquired podcast, Howard Schultz commented about Starbuck’s early growth: “We were so in the mud, … we didn’t have time to look up… we were just running so fast, so hard. When you’re growing at this pace, it’s almost virtually impossible to catch the growth in terms of the infrastructure.” -Gilbert, B. & Rosenthal, D., Acquired (Starbucks Episode with Guess Host, Howard Schultz) (June 4, 2024). What types of growth-related challenges has your company faced and overcome? Would love to hear about it. In upcoming editions of The Savvy Startup Advisor, we will be exploring ways in which startups can overcome their growth challenges. If you have any comments or stories that you’d like to share with our audience, please reach out to us at thesavvystartup@gmail.com.
