Building a fast-growing and resilient business from scratch requires a 360-degree view of technology. Here are resources that can help.
Operating on a shoestring budget. Introducing new products. Expanding into new markets. Dealing with crashing websites. Fending off bigger competitors. And always racing against time, with investors increasingly clamoring for profitability
Is there a way to make it easier? Inc. and Fast Company surveyed and interviewed 500 startup entrepreneurs and experts globally to explore how best to handle the everyday challenges of running a startup.
The findings show that while there is no magic bullet, technology can help entrepre-neurs scale and grow more efficiently. They rely on technology to achieve that growth. Two-thirds (68%) say they are achieving significant growth due to investment in technology, and a majority intend to increase tech investment in the next 12 months. But such rapid, risk-ridden growth must align with building a resilient business. That requires a 360-degree view of technology—seeing it as a growth and efficiency driver on one hand, but also as a provider of a fundamental capability to build an efficient internal organization and protect companies against risks. This report will cover:
- Which growth strategies they are following—and how to scale smart.
- How startup entrepreneurs are using AI to grow—and tips on how you
can use it as well. - Why it’s important to balance growth with security from the very
start—and how to do it. - What it takes to build a resilient company—and reassurance that you can do it.
Scaling smart: growth, profitability, community
Times have been changing for entrepreneurs, with the focus on growth turning into a focus on profitable growth. “The startups’ funding culture of ‘just take on more people, take on more funding, keep growing’ is not here anymore,” says Oliver Spence, founder and CEO at Cybaverse, a cybersecurity consultancy which offers an SaaS platform aimed at small and midsize companies to manage cybersecurity from one place. “As a startup, you’ve got to be profitable from very early on in your growth journey.
This article is posted at dell.com
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