Scaling Up? Lay a Strong Foundation for Your Startup | Business News Daily


Although getting a startup up and running is an immensely challenging task, taking it to the next level can be even more difficult.

A study recently published in Business Horizons found that the transition period between the startup and scaling phases can be a demanding time for entrepreneurs and one that must be navigated successfully in order for a business to grow.

Joseph Picken, the study’s author and founder of the Institute for Innovation and Entrepreneurship at the University of Texas at Dallas, said past research has identified the most common reasons for failure or CEO replacement, but nobody has told the entrepreneur what to do to succeed.

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