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Success factors for scaling – from start-up to global enterprise

●    Founders determine  a start-up’s initial mission and vision, but in-house talent can help ensure plans become reality 
●    Corporate leaders can help to bolster progress and culture of start-ups

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Why you can trust SCMP
Lelian Chew (centre), founder of Singapore company, The Floral Atelier – which uses the cloud accounting platform, Xero – with members of her team.

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The word “start-up”, first used in 1976 to describe a new company, now refers to fast-growing businesses augmenting or disrupting existing markets with their innovative products and solutions. 

In the past, they were seen only within the technology sector. But they have since expanded to other industries to meet the needs of consumers and enterprises.

Today’s start-ups also have no single formula for evolution and expansion. They can scale through acquisitions, fundraising through numerous private and public financing options, rapid expansion or diversification of offerings.

Increasingly, we have seen affirmations that the number of fundraising rounds and funds raised do not directly equate to success. 

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For sustainable growth and success, three factors have consistently played a critical role: leadership, in-house talent and management structure. 

While leadership and management have greater flexibility for change, it is talent that will always form the backbone of a company and the bulk of the organisation’s workforce. 

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