Money matters Financing product development is another snake in the pit that has claimed its share of start-ups. A resourceful entrepreneur can get by on bootstrapping for a while, but most don t have the means to take an idea all the way to rollout. Sometimes it s even more. Too much, too fast Success can spawn failure, especially if a start-up hasn t planned for it. As a fictional site opens for business, the company s principals hold their collective breath until that first order comes in.
Cheers follow as more orders are placed in just a few seconds.
Scalability is critical to the success of any start-up. It s nearly impossible to predict customer behavior accurately, so a new venture must be prepared to move swiftly to meet demand that can fluctuate by the hour. All are questions that should be considered before a new business makes a run for the big time. If they haven t revved the IT system to handle the load, they re like the guy trying to change a tire while the car is careening down the road at 70 miles an hour. Usually they crash and burn.