Leading a midsized business is fundamentally different than leading a small business.
Startups have to be led by a person who is hands on and given a snewly-founded company’s limited resources, it can only hire as many helpers as are critical to get going. If the team does its job well, the business will grow. At some point, however, to continue growing to midsize, a business must invest in a team of leaders with specialized and managerial expertise. But this can be tricky.
Firms who transition to leadership professional management team too early can lose the scrappiness and nimbleness that leads to the winning strategy. Invest in a team too late, and they will fail to scale their golden opportunity.
Here are four common signs that your startup has reached its tipping point — and what to do next.
1. Problems become more complex.
When launching a company, often founders look for people that. . . (Read More)
Article by: Robert Sher
Published at: Entrepreneur.com