Measure to Improve

What’s not measured does not get improved.

This is especially the case for rapidly growing startups; with scale comes extreme pressure on existing operations.

For financial operations, that could mean potential problems going ignored such as the lack of proper metrics to measure financial performance, lack of clarity around budgeting, and more.

To course-correct and ensure that minor oversights don’t fester into much larger issues over time (like out-of-control expenses), you need to have systems and financial discipline in place.

I get it – traction can be intoxicating, many times leading to a “grow at all costs” mentality.

But for that growth to be sustainable, you, the founder, need to take a step back and carefully prepare yourself for a world where you are no longer in fire-fighting and react mode. Instead, you must now act as a strategic leader who plans not only for tomorrow or next week but for the next few quarters.