There are 472 million entrepreneurs worldwide and 305 million total startups annually. Thus, 100 million startups open each year.
Yet, about half of startups survive the first five years. Only 40 percent of startups become profitable, and one over 200 become actual scaleups.
Even though all leaders develop their companies dreaming of exponential growth, only a limited number will succeed. But what does it even mean to establish a successful startup?
In the early phases, most startups experiment with product features, customer acquisition cost (CAC), and market segmentation, striving to build a scalable business approach. They become scaleups after repeatedly scaling their revenues.
