A number of entrepreneurs know that no matter how great is their idea, startup ventures are known to be risky.<\/p>\n
In light of that, the capacity to grow after launch is apparently the most difficult challenge a new business faces. Having the growth nuts and bolts right is a conspicuous prerequisite. But, obviously, you’ll have to build on the growth momentum so as to achieve long-term success.<\/p>\n
At the center of any successful venture, there are two things: a great product and a huge market for that specific product. And additionally, the venture should be able to scale. Furthermore, to scale properly, it must balance the growth of five core dimensions: product, customer, team, business model and funding.<\/p>\n
The major reason for the failure of most new businesses is untimely scaling of one of these dimensions. Indeed, 120K+ startups fail every day. The numbers are troubling because 90% of new companies don’t get the chance to see the light of the following day.<\/p>\n
However, don’t dishearten with the statement as there are startups like Uber, Airbnb, and Swiggy as well – the ones who left the shell and have turned into the unicorns in the on-demand world. Every on-demand business has the power to grow as big as them.<\/p>\n
Now, let\u2019s put the spotlight on some of the growth hacking strategies of these businesses to learn something from them.<\/p>\n","protected":false},"excerpt":{"rendered":"
A number of entrepreneurs know that no matter how great is their idea, startup ventures are known to be risky. In light of that, the capacity to grow after launch is apparently the most difficult challenge a new business faces. Having the growth nuts and bolts right is a conspicuous prerequisite. But, obviously, you’ll have […]<\/p>\n","protected":false},"author":8,"featured_media":32821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[952,953,954,955,956],"class_list":["post-11720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-punch","tag-growth-hacking-strategies","tag-growth-hacks","tag-on-demand-businesses","tag-on-demand-businesses-like-uber-and-airbnb","tag-scale-up-your-business"],"acf":[],"yoast_head":"\n