I have been advising a Start Up in the HR Tech space over the past 18 months, whilst also performing my "day job" of running a boutique consulting firm.
While doing both of these things at the same time has certainly been challenging, it has also provided me with the rare opportunity to simultaneously observe how a Start Up and an established business operate, and particularly what the latter can learn from the former.
Here are a few of my key learnings:
Established businesses carry many advantages over Start Ups, especially in terms of market access and economies of scale. Unfortunately, the benefits that these advantages bring can often be lost when we try to specialise too much. People end up too far away from the core objective.
Bringing some of the thinking of a Start Up into these larger businesses helps nurture the energy and enthusiasm that every business needs to do well.
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