Juggling Costs While Scaling Your Startup

There is no doubt that as an entrepreneur, you want to scale your business quickly and expand as much as possible. However, the process of scaling up may result in rising costs for the firm, which actually makes the entire exercise counter-productive. 

Anshul Khadwalia, member of Chandigarh Angels Network, touches upon this issue in his article. He says that entrepreneurs must go into the nitty-gritty of every aspect of their business before they take the decision of scaling their startup. To help control costs, he advises developing one’s own strategy, waiting for the appropriate time and retaining the company’s loyal customers. 

Carrying out expansion activities in the right magnitude and at the right time can lead you to achieve great success but with hasty decisions, you might find yourself at the deep end. 

Read the article here, as published in Times of India.