Starting a business is one of the most exciting and gratifying experiences for a leader, and the temptation to expand quickly is an enticing one. But with 74 percent of Internet startups ending in failure as a result of “premature scaling,” it's a temptation that must be avoided at all costs.
Premature scaling can be the death knell of any business. But if you scale properly and keep pace with demand, you're more likely to grow roughly 20 times faster than those trying to grow too quickly. You also increase your chances of raising capital, attracting customers, and expanding internally.
So how exactly do you scale properly for your business?