This is the kickoff for the
ScaleUp Program, which is based on Charles Fred's research.
Scaling Your Startup
In the US, only 4% of all startups reach $1M in revenue. And of those, only 10% reach $10M. So that means that your startup has a 0.4% chance of scaling to $10M and above. But research proves that there are specific conditions you can establish in your business to help ensure that it will grow and achieve both scale and long term sustainability.
Charles Fred is a bestselling author, serial entrepreneur and researcher on what makes companies successful. He is the co-founder of TrueSpace, an organization dedicated to helping businesses scale. Fred recently completed a 5-year study where his team was immersed in the daily working environments of 150 companies with $1-2M in revenue, all of whom were planning to reach $10M.
The research identified Five Operating Conditions necessary for small businesses to reach the middle market. The study, through a partnership with Gallup, now extends to over 4000 business across the U.S. For the first time, we have the science and the data to better understand the processes, cultures, challenges, motivations, and themes that emerge in businesses that reach the middle markets.
This year,
Wednesday of Startup Week is dedicated to helping your business scale. Following the keynote, we’ll hold a series of fireside chats with entrepreneurs who have crossed that $1M revenue threshold in ten different industries. We’ll dig deep into their businesses to find out what specific things they did to cross that threshold and continue to grow their businesses.
