Growing and expanding a startup comes with a fair share of trials and tribulations. As the startup grows, you have to grow as well, and it can be challenging to go from simply being an entrepreneur to becoming a company owner.
Know that there’s more than one way to get funding.
It was a decision that proved to be quite fruitful, as GameOn had their assets acquired in December 2020, raised $5.8 million in pre-IPO financing in March 2021, and listed on the Canadian Securities Exchange in June 2021. For earlier stage funding, crowdfunding and private loans are also viable options. Before you decide which route to pursue, do your homework and research the pros and cons of each method so you can make a fully informed decision.
In today’s competitive job market, one of the easiest ways to find talent is to not limit yourself to your geographic location and instead hire fully remote employees. “We hire for the role, not for the location, and that's definitely opened up a wider pool of talent,” explained Bailey. Also remember that you don’t have to do everything on your own. If you’re growing your team quickly, it can be worthwhile to bring on a recruiter to find talent.
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