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I've noticed that successful companies don't have this so-called "steady" growth everyone looks for. Early on it comes in bursts, and it's very clear because sa
by andrewmcwatters 5y ago
I've noticed that successful companies don't have this so-called "steady" growth everyone looks for. Early on it comes in bursts, and it's very clear because sales growth suddenly jumps up and it's hard to find that new high until it eventually does occur. It's really hard to survive. You either wildly succeed, or you never get off the ground. I've never seen it any other way.
Lifestyle or consultancy businesses are entirely different. You can be alive forever and just have good and bad years.
A failing startup will commonly not have a growth strategy which usually looks like some form of marketing, cold calling, and penetration by industry events, these are the top three entry points I've seen over the years for growing companies small and large, or have a tremendous cost of acquisition and low retention rate. You can get this from startups that share sales metrics with the wider company.
There are absolutely signs. Don't listen to people who say there aren't. You'll know. Your sales teams will know the most because they'll know all of the telltale metrics from having seen them more frequently than you.