5 common scale-up mistakes
Startups the world over, and in the Middle East in particular, often aspire to scale and develop their business in new markets. However, these ambitions are not always the easiest thing to accomplish, and they often face many walls and hurdles. Wamda Research Lab (WRL) had released back in March its first study entitled The Next Step: Breaking barriers to scale for MENA’s entrepreneurs where it offered accurate details on the challenges faced by entrepreneurs who are seeking to grow their businesses. This study sought to provide the needed information for decision-makers and stakeholders in order to contribute to building a supportive ecosystem in the region.
However, today we are addressing the main mistakes that entrepreneurs make when scaling to new, more mature markets, whether at the regional or global level. While at Abu Dhabi's AtlanticLIVE in November Wamda spoke to two prominent figures in the world of entrepreneurship: Dave McClure, founder of Startups500, and Christopher Schroeder, a pioneering American internet entrepreneur, venture investor, and author of “Startup Rising: the entrepreneurial revolution that's remaking the Middle East.”