Scaling a startup is a challenging endeavour that requires careful planning, strategic decision-making, and effective execution. While many startups dream of reaching the dizzy heights of success, the reality is that a significant number of them fail to successfully scale. Here we explore the top six reasons why startups struggle to scale and provide expert advice and strategies to overcome
I have often found myself saying, “Being a product leader is hard, building a startup is harder; but consulting product leaders on how to build and grow their startup is still the hardest”. Failory reports that 90% of the startups end up failing with 70% doing so in the first two to five years. Even those that manage to sustain
Change is hard. Changing your mindset is harder. This is likely one of the hardest things to do for startup founders. However, the eventual scale and success of the business may depend on this. When you are a startup you’ll do whatever it takes to get the product built. You might end up coding, building the website or doing all
“What got you here, won’t get you there” I was fortunate enough to experience this in a good way, twice First when I went from engineer to engineering manager Second when I went from #productmanager to PM leader If the first one was hard, second one was one of the toughest Off course, getting promoted in #productmanagement has its perks
Learn the rules like a pro, so you can break them like an artist – Picasso Riding the PM wave For product managers, especially those who’ve recently joined, the role can be super exciting. But we all know that building products is no easy feat and it’s natural to get carried away or get overwhelmed. Also, for those new to
Forget GIGO Now you have model hallucination, blackbox model and emergent behaviour. Yes, I am talking about #ai and specifically the current set of #llm s that seem to be taking the tech world by storm. When I learnt about computers in school, it was the 80s. Back then computer lab was the only place in the school with AC.
Well, even if you are not like Bruce Lee, Your #startup should be That is the only way to escape early stage “death valley” And more importantly get past that into early stage growth and beyond. If you lookup “startup” failure on the web or even on LLMs, You will find the usual surveys on why #startups fail. They are
The most frequent thing you do as a #productmanager, Might not be helping your product succeed… And here I am referring to managing the product backlog, And defining the requirements or scenarios and stories, You may have some “experts” say things like: “Feature wars are over” or “Features don’t matter”. While that statement is to be taken with a pinch
#ai is changing the world, especially the tech world. For people who are #productmanagers this creates both challenges and opportunities: Challenges – In most cases, your product strategy must evolve and likely change. – If you don’t have a natural language interface, it’s time to consider one. – If you are data crunching heavy, then your competition is about to
There, finally someone used the “S*&^%” word for a #startup. Nothing sensational or unsafe -:) It’s about #strategy. Many startups and even large companies lack this, or lose it over time. It’s critical to check every quarter (maybe faster if you are just starting), whether your business goals, product and where resources are being spent aligns. Are you chasing metrics
“Tell me and I forget, teach me and I may remember, involve me and I learn.” Do you know who said that? When people say you can learn product management by reading books and watching videos…I am amused.. You can get entertained, maybe informed, but learning and absorbing is not assured. That is my experience with many of the online
Would you go to a doctor without a degree and training? Would you hire an architect to build your house, if that person has no training whatsoever? What do you think of the idea that these people could just “learn on the job”? While ridiculous as it sounds, something very similar is happening all the time when people are hired
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