If you’re starting a company or scaling one to take your growth to the next level, there are a couple of sobering statistics you should know: only one in every ten startups succeeds, and an even smaller percentage will reach US$1 billion in revenues as an independent company. The good news? There is a proven recipe for sustained growth that all fast-growing companies can adopt, if they know how to answer the “make or break” decisions all rapidly-growing companies must face.
Join Steve Hobbs, managing director of Protiviti’s public company transformation practice, as he interviews Tyler Chapman, director of finance at fast-growing startup Lumosity, and Jeff Henley, Oracle Executive Vice Chairman and Silicon Valley finance veteran, on their recommendations for companies looking to scale their businesses and drive profitable growth. During the webcast, you’ll learn how to:
1. Address the finance function. When a company is experiencing fast growth, as Lumosity has in recent year, it’s pretty common for the supporting functions such as finance to lag. To properly address this challenge, leadership must answer these questions:
a. When do we start dedicating resources and money to building out the finance function?
b. How do we efficiently build out the finance function so that it has the ability to scale with the business in the future and is effective in supporting the business now?
2.
Implement an effective technology solution. Choose an ERP solution that will be able to scale with the growth and help you handle complex challenges. This technology must be able to work with your current systems for a streamlined approach.
3. Prioritize and plan. Understand your growth trajectory and logically prioritize and sequence how you plan to achieve long-term success. Avoid common pitfalls that caused other high-flyers to burn out before their time.
This is only a glimpse of the expertise shared in our discussion. To hear more from these experts, be sure to join us for the webinar on 8/25/2015