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How long
I understand it takes start ups up to six years to really mature,is this true?
What could be the bases for this?
Category:
Starting a Business
This is going to depend on each particular company and the industry they are in. I know of science based startups that are 10 years old and still haven't matured. For example, biotech companies usually have much longer startup phases than internet companies. Often the pace of development of the company's underlying technology is the rate determining step.
A startup goes through a transition phase before it becomes a large, mature company. A startup is not just a smaller version of a large company. It is run by entrepreneurs not managers and the culture is much different. The startup is trying to find a scalable business model. The mature company is the implementation of that business model.
Cant argue with Scott.
I think in general, its mostly to do with client base. Once your brand acheives brand recognition, then I think thats when your business grows exponentially. Thats usually at the point your company makes enough money to invest in branding, mass marketing and affiliates. Just takes time to get that money. The first few years is usually just skimping by, working out kinks, hiring, firing, and getting things just right for your company.
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