A startup is like an egg, you have to manage and groom it consciously and carefully to ensure that it doesn’t fall. If it falls, you may be unable to pick up the pieces.At this stage, it is very fragile and requires 100% attention from the entrepreneur. Nevertheless, if you survive this difficult phase and
become stable, it is not yet uhuru. It doesn’t mean your business is no longer a startup. This is one mistake many entrepreneurs make.They erroneously conclude that they have passed the startup stage and are ready to be tagged a blue chip company. Meanwhile, some entrepreneurs prefer the tag startup because it gives access to funding. Whichever divide you belong, no one will question your decision. However, before you make such a choice whether you are still a startup or not, Jumia Travel, the online travel agency, shares 5 signs to look out for to aid your decision.
You can pay your employees and yourself
Paying your workers as at when due is an important metric to decide if you are no longer a startup. If you can conveniently pay your employees including yourself, you are slowly leaving the startup stage.
become stable, it is not yet uhuru. It doesn’t mean your business is no longer a startup. This is one mistake many entrepreneurs make.They erroneously conclude that they have passed the startup stage and are ready to be tagged a blue chip company. Meanwhile, some entrepreneurs prefer the tag startup because it gives access to funding. Whichever divide you belong, no one will question your decision. However, before you make such a choice whether you are still a startup or not, Jumia Travel, the online travel agency, shares 5 signs to look out for to aid your decision.
- You survive the risk stage
- You have more than 30 employees
You can pay your employees and yourself
Paying your workers as at when due is an important metric to decide if you are no longer a startup. If you can conveniently pay your employees including yourself, you are slowly leaving the startup stage.
- Your brand can survive without you
- You are acquiring other startups
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