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A new report has revealed that 74% of start-up founders identify their own ability to move from founder to CEO as the biggest risk to their business’ growth.

Also, almost half of founders surveyed (49%) identified their ability to effectively manage their business as a significant risk to scaling their start-up.

Despite these perceived barriers, 68% of interviewees were in the process of scaling up, and a further 28% expressed an intention to do so in the future. 32% reported they had already achieved business growth.

The survey, completed by Highland Europe, interviewed 173 company leaders including 115 founders across Europe.

Their responses also revealed the challenges of growing a start-up. 61% identified increasing sales and customer base as the single greatest barrier to successful expansion. Recruitment of talent, in particular senior talent and professional management, was the second biggest barrier, reported by 58%.

Commenting on the findings, Tony Zappala, partner at Highland Europe, said: “Scaling a business successfully is an incredibly difficult thing to do. There are challenges at every turn and the ones that can really trip up a founder are not always the ones you’d expect.”

Learn more about the report here.



 

Management is biggest concern for start-up founders
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