Find strategic partners
As the startup grows, you may to have to change who has your ear. Chances are, you have some advisors who helped you get to where you are, and they may continue to be helpful. You also should seek out new advisors who are uniquely qualified to help you through this next phase.
Similarly, it is important to choose partners carefully. Now that you are beyond the initial startup phase, bigger companies are more likely to want to work with you. You no longer are the upstart fighting for attention. Don’t let the excitement of moving from the proverbial kid’s table to the adult dining room keep you from negotiating carefully and finding a pace of growth that fits your industry and your goals.
Stick to your vision
As the company grows, remember who you are and why you do what you do. Don’t lose yourself in the business. Although startups and companies evolve and grow, it is important to stay true to both your core values and those of the organization.
Everyone has limitations. Address yours and accurately identify
your own limits. On the flip side, know your strengths and focus on the areas where you shine. Leaders in the company may come and go, but there will never be another founder.
Building a startup is really hard, and once your company begins to take off, it doesn’t get easier. It requires a balance for which
there is no formula. But, if you are able to evolve, surround yourself with the right people, and stay true to your purpose, it can be a rewarding, life-changing ride.
