Navigating growth is challenging for any startup founder. As your company evolves, what got you here won't necessarily get you there - but how do you know when it's time for an evolution? How can you ensure continuity as your team expands and responsibilities shift?
Anupam Bedi is a strategic growth advisor with over 25 years of healthcare experience. As the co-founder of Andean Advisory, he helps companies across industries navigate critical inflection points to scale faster. He provides objective guidance and fresh perspectives, whether exploring new markets, seeking funding, or planning an exit. Today, Anupam shares hard-won insights on recognizing critical inflection points that demand fresh strategies and perspectives. Tune in to find out more!
Quotes:
"Getting professional help is crucial. Knowing where to draw the line and say, ‘Okay, you know what? This is not my area of expertise. Let me give it to somebody else to take care of so I can move forward.’"
"I'm always a big proponent of diversity of thought. When someone brings in insights and skill sets different from yours and your co-founders', it enriches the team and enhances collaboration."
"Sometimes the truth can be a little more difficult, especially if they're not necessarily receptive to it as well."
Takeaways:
Set organizational goals and milestones in writing to hold yourself accountable and recognize when it's time to bring in outside expertise.
Visualize your goals and growth strategies to unlock new perspectives and engage more of your team.
Evaluate if you have the right team in place to operationalize your ideas and execute on your vision, and look for opportunities to strengthen your team.
Consider bringing in outside advisors who can provide objective guidance and a fresh perspective at inflection points in your company's growth.
Prepare your business for potential exits or new partnerships by establishing strong systems for collaboration and continuity beyond any single founder.
Conclusion:
Early-stage companies can grow by identifying key turning points, seeking external guidance, and strategizing for potential exits or partnerships. By effectively executing innovative ideas and adapting to market changes, these companies can pave the way for success and expansion across various industries.
Links Mentioned:
Guest Links:
LinkedIn: https://www.linkedin.com/in/anbedi
