Forecasting startup scaling success — Rahul Chauhan // Foresight Digital

Managing Director at Foresight Digital, Rahul Chauhan, discusses how your startup can progress to a scaleup. Apart from having the right product-market fit, factors like planning, hiring, management, and organization cannot be overlooked. In this episode, we look at how these factors play into your overall growth strategy.
About the speaker

Rahul Chauhan

Foresight Digital

 - Foresight Digital

Rahul is Managing Director at Foresight Digital

Show Notes

  • 01:47
    What happens with startups that struggle to scale? What does that look like?
    The two biggest challenges that startups struggling to scale face are attracting investment and losing traction along the way.
  • 03:16
    When should startups be thinking about scaling?
    Startups should start thinking about scaling as early as the seed stage.
  • 07:20
    Why is hiring so difficult for startups?
    There are a lot of challenges faced during hiring, especially early on. Companies need to find people that are interested in the mission and vision of the company. That entails crafting the right job description, engaging potential staff as early as possible, and scoping the competition to see what they are doing.
  • 09:45
    Planning is a major aspect of scaling startups, how should they go about it?
    When planning for your organization, you need to determine a working structure, find the right team members who align with your companys culture and set KPIs for each team member.
  • 12:21
    Is it ever too late for a company to think about scaling?
    Its never too late for a startup to think about scaling. However, all startups must think about planning, hiring, and management even at the basic level.
  • 14:53
    What are the signs that an organization will be successful at scaling?
    The four signs that a startup will be successful in scaling are: having a product that has value and will continue to have value, culture from the top, the companys marketing plan, and the ability to access customers.

Quotes

  • “If you're not able to embrace scale so much of that hard work ultimately could potentially be lost and a lot of investment could be lost as well.” Doug Bell

  • “It's not about the immediate return. It's about the investment in the medium to long term that matters the most.” Rahul Chauhan

  • “I think if you are not thinking about scale, then your startup is just a hobby.” Rahul Chauhan

  • “The days of building your startup and they will come are gone. The reason being the scaleup and startup world is so vast.” Rahul Chauhan

  • “Atlassians growth in Australia whilst meaningful, you know, they understood that this is not where we need to be if we are going to be, you know, a genuine global player. And so of course they've relocated.” Rahul Chauhan

About the speaker

Rahul Chauhan

Foresight Digital

 - Foresight Digital

Rahul is Managing Director at Foresight Digital

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