Scaling up your Enterprise: Growth, Governance and Finance

 University of Cyprus, 13 March 2019

Philip Ammerman has been appointed Entrepreneur in Residence at the University of Cyprus, Centre for Entrepreneurship. As part of his residency, he will be training UCY staff, students and faculty on enterprise scale-up.

The 6-18 months following launch of an enterprise or start-up are critical. Once a prototype has been launched and is in the market, a key priority is to achieve growth. Known as scaling up, this growth process typically requires achievement in three core areas:

1. Achieving product / market fit: Continually developing your product and business model to ensure the widest and deepest possible growth in terms of users;

2. Growing the human resources and decision-making capacity of your firm: Ensuring that your talent and governance structures are continually evolving to meet growth requirements;

3. Securing finance: Making sure you have the financial resources to grow, either using organic cash flow or external financing.