When and How to Scale Your Startup
Ashish Jain, member of Chandigarh Angels Network talks about one of the most important decisions that an entrepreneur has to make – scaling up the startup. Not only is the timing crucial, but also how the way in which you plan to scale.
Mr. Jain articulates 4 points to keep in mind before taking this decision – having a proper plan in place, cost involved and fun requirements, strong structure to withstand growth and ensuring that there is enough scope for the product to expand.
He adds that startups can use smaller budgets initially so that risk is minimised. Further, strategies such as outsourcing non-essential tasks can be implemented to grow substantially.
Read this article here, as published in Times of India.