Tag: Startup Growth
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Over the past 12-18 months, we have established the initial structures for a middle management level within our company. The reason for this was that the number of employees had increased significantly from just under 10 to over 30, which would have resulted in a management depth of around 15 people with only two founders.…
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Each company offers at least one product/service that provides added value for other market participants. Early-stage start-ups often only have one product that can be offered, as resources are extremely limited, and the current market may not yet be fully understood. The fact that the founding team’s resources are largely allocated to one product means…
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Young start-ups often have a large number of tasks and at the same time very few hands and minds to handle them. For example, smaller startups with fewer than 15 employees often have no dedicated support functions such as back office staff to take care of office organization, bookings, invoices, etc. This is often the…