Yesterday we had the first Lean Scaleup Roundtable of this season. See more about the upcoming ones and the opportunity to shape the agenda HERE. The topic: Is the venture ready to be scaled up?
1. First comes ‘is this idea worthy to be scaled?’, then ‘is this idea ready to be scaled?’
2. ‘Ready to be scaled’ includes product/market-fit + scalability of the technology (scale + economies of scale) and scalability of the intended business system.
3. After ‘ready to be scaled’, companies need a dedicated ‘Transition to Scaling-Up’ phase to create the set-up for Scaling-up success, including the alignment and collaboration model between Day-2-day business and scaleup.
“It seems that we have overlooked a few red flags when we thought we were at PMF”
“Ideally, you have connected frameworks for Validation, Transition to Scaling-Up, Scaling-Up and Launch Management so that you have a good process control and solid reporting to C-suite.”
How do you define product/market-fit (in practical terms so that you can measure it)?