Trying to Scale Your Startup? The Odds Are Not in Your Favor!
Red Rocket
JUNE 7, 2024
My colleague and serial entrepreneur, Scot Wingo , of ChannelAdvisor, Spiffy and Triangle Tweener Fund fame, recently posted on LinkedIn, how hard it was to scale a business. He referenced data from a book by Verne Harnish, the founder of Entrepreneur’s Organization , called Scaling Up: How a Few Companies Make It. and Why the Rest Don’t. The core of the story was this graphic: What the graphic basically says is, of the 28,000,000 businesses in the United States, only 0.061% actually get larger
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