Here’s What To Do Before Scaling Your Startup

Don’t scale your technology until it works.

Unless competitors are breathing down your neck, the wisest move is to almost always scale more slowly and prudently.

Early-stage startups that are looking to raise capital for the very first time should consider an approach that restrains their urgency a little bit.

Since it can take a long time to get tech right, it makes sense to make sure that you prove your technology before even thinking of scaling the company.

Before thinking of scaling your startup:

– demonstrate that the product works;

– prove that the market potential is there; and

– get the unit economics right.

Consider raising funds to scale only when you have these in place.

Note: unit economics is the amount of money each sale contributes to your profit.

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