{"id":3358,"date":"2019-08-22T09:04:50","date_gmt":"2019-08-22T09:04:50","guid":{"rendered":"https:\/\/techsylvania.com\/?p=3358"},"modified":"2023-08-22T09:05:04","modified_gmt":"2023-08-22T09:05:04","slug":"a-successful-recipe-for-scaling-a-business","status":"publish","type":"post","link":"https:\/\/techsylvania.com\/a-successful-recipe-for-scaling-a-business\/","title":{"rendered":"A successful recipe for scaling a business"},"content":{"rendered":"<div class=\"fh fi fj fk fl\">\n<div class=\"ab ca\">\n<div class=\"ch bg et eu ev ew\">\n<p id=\"47d4\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">What are the best approaches to scaling a business? Some say the secrets stand in the originality of a product, others that it\u2019s about timing, while many advocate that the market\u2019s needs are the loudest in points of determining a business\u2019s success.<\/p>\n<p id=\"2b3c\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">At Techsylvania, we have raised many questions in terms of entrepreneurship and have tried to reach some conclusions regarding a common thread in this journey.<\/p>\n<p id=\"ef45\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">During a panel about businesses that went international with Romanian entrepreneurs, we found out that opinions are divided, depending on everyone\u2019s approach and the entire experience. Dan Isai, CEO and Founder at Salad Box, has extended his business among many countries and even continents and he believes that this is not that hard to do. His secret for expanding so easy stands in travelling \u2014\u00a0<em class=\"lv\">I think it the most important thing in scaling a business is about the timing and what helps to understand better this aspect is travelling.<\/em><\/p>\n<p id=\"ae30\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">Another approach, revealed by Mihai Dragan, CEO at Oveit, is going international from the start. Mihai and his team launched a product, which they made available for as many people as possible in as many countries as possible. Afterwards, without marketing it, they started checking where most people were coming from and they insisted there with their development.<\/p>\n<blockquote class=\"lw\">\n<p id=\"4ce4\" class=\"lx ly fo be lz ma mb mc md me mf lu dv\" data-selectable-paragraph=\"\"><em class=\"mg\">\u201cI think it\u2019s like sailing: you go where the wind takes you, where the opportunities are.\u201d<\/em><\/p>\n<p id=\"b719\" class=\"lx ly fo be lz ma mb mc md me mf lu dv\" data-selectable-paragraph=\"\"><em class=\"mg\">Sergiu Biris, CEO &amp; Co-Founder at Zonga<\/em><\/p>\n<\/blockquote>\n<figure class=\"mh mi mj mk ml mm\">\n<div class=\"mn mo l eb\">\n<div class=\"mp mq l\"><iframe class=\"ek n fc dx bg\" title=\"Panel: Going International\" src=\"https:\/\/cdn.embedly.com\/widgets\/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2Fgr_ROg6ah5o%3Ffeature%3Doembed&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dgr_ROg6ah5o&amp;image=https%3A%2F%2Fi.ytimg.com%2Fvi%2Fgr_ROg6ah5o%2Fhqdefault.jpg&amp;key=a19fcc184b9711e1b4764040d3dc5c07&amp;type=text%2Fhtml&amp;schema=youtube\" width=\"854\" height=\"480\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p id=\"bd45\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">Ondrej Bartos \u2014 Partner &amp; Chairman of the Board at Credo Venture, Luke Mawbey \u2014 Head of Technology at Comply Advantage, David Kashak \u2014 Founder &amp; CEO of Connatix and Ruta Laukien \u2014 Managing Partner at GrayBella Capital, discussed the pros &amp; cons of investing in Romania. We are quite known for our technical talent, and many come here just for that, but on the other hand, the enforceability of law is still low in Romania. Ondrej divulged that he is a fan of the awesome teams that are found here, but also that when they invest in Romanian startups, they usually incorporate them outside of the country, in places where it\u2019s more convenient from the legal point, with more standardized procedures.<\/p>\n<blockquote class=\"lw\">\n<p id=\"f08e\" class=\"lx ly fo be lz ma mb mc md me mf lu dv\" data-selectable-paragraph=\"\"><em class=\"mg\">\u201cWe should talk about entrepreneurship, we should talk about failure, we should talk about failure because they are all-natural.\u201d<\/em><\/p>\n<\/blockquote>\n<blockquote class=\"mr ms mt\">\n<p id=\"35a7\" class=\"kx ky lv kz b la mu lc ld le mv lg lh mw mx lk ll my mz lo lp na nb ls lt lu fh bj\" data-selectable-paragraph=\"\"><strong class=\"kz fp\">So you\u2019ve seen some companies here, you\u2019ve done some deal-screening, what\u2019s your perspective here on some of the entrepreneurs and the companies?<\/strong><\/p>\n<p id=\"6e89\" class=\"kx ky lv kz b la lb lc ld le lf lg lh mw lj lk ll my ln lo lp na lr ls lt lu fh bj\" data-selectable-paragraph=\"\">\u201cI think there are interesting ideas coming from here and it is an exciting time to be here and to be an early investor. I think it needs hands-on investment, I don\u2019t think you can be an investor where you just spread out some money and just let them be,\u201d said Ruta Laukien.<\/p>\n<\/blockquote>\n<figure class=\"nf ng nh ni nj mm nc nd paragraph-image\">\n<div class=\"nk nl eb nm bg nn\" tabindex=\"0\" role=\"button\">\n<div class=\"nc nd ne\"><picture><source srcset=\"https:\/\/miro.medium.com\/v2\/resize:fit:640\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 640w, https:\/\/miro.medium.com\/v2\/resize:fit:720\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 720w, https:\/\/miro.medium.com\/v2\/resize:fit:750\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 750w, https:\/\/miro.medium.com\/v2\/resize:fit:786\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 786w, https:\/\/miro.medium.com\/v2\/resize:fit:828\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 828w, https:\/\/miro.medium.com\/v2\/resize:fit:1100\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 1100w, https:\/\/miro.medium.com\/v2\/resize:fit:1400\/format:webp\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 1400w\" type=\"image\/webp\" sizes=\"(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px\" \/><source srcset=\"https:\/\/miro.medium.com\/v2\/resize:fit:640\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 640w, https:\/\/miro.medium.com\/v2\/resize:fit:720\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 720w, https:\/\/miro.medium.com\/v2\/resize:fit:750\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 750w, https:\/\/miro.medium.com\/v2\/resize:fit:786\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 786w, https:\/\/miro.medium.com\/v2\/resize:fit:828\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 828w, https:\/\/miro.medium.com\/v2\/resize:fit:1100\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 1100w, https:\/\/miro.medium.com\/v2\/resize:fit:1400\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg 1400w\" sizes=\"(min-resolution: 4dppx) and (max-width: 700px) 50vw, (-webkit-min-device-pixel-ratio: 4) and (max-width: 700px) 50vw, (min-resolution: 3dppx) and (max-width: 700px) 67vw, (-webkit-min-device-pixel-ratio: 3) and (max-width: 700px) 65vw, (min-resolution: 2.5dppx) and (max-width: 700px) 80vw, (-webkit-min-device-pixel-ratio: 2.5) and (max-width: 700px) 80vw, (min-resolution: 2dppx) and (max-width: 700px) 100vw, (-webkit-min-device-pixel-ratio: 2) and (max-width: 700px) 100vw, 700px\" data-testid=\"og\" \/><img decoding=\"async\" class=\"bg no np c\" role=\"presentation\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:989\/1*SxHAPQoqD_bz7S2BgiUXLA.jpeg\" alt=\"\" width=\"700\" height=\"394\" \/><\/picture><\/div>\n<\/div><figcaption class=\"nq nr ns nc nd nt nu be b bf z dv\" data-selectable-paragraph=\"\"><a class=\"af nv\" href=\"https:\/\/www.youtube.com\/watch?reload=9&amp;v=efPTULgmVok\" target=\"_blank\" rel=\"noopener ugc nofollow\">Panel: Investments in Romania from Another Perspective<\/a><\/figcaption><\/figure>\n<p id=\"4e82\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">Andy Tryba has an experienced background as founder &amp; CEO of many successful companies and he has passed a very optimistic perception of building &amp; scaling businesses. After building RideAustin, a ride-sharing company, in just 4 weeks, he pinpointed these 5 quick tips:<\/p>\n<ol class=\"\">\n<li id=\"51a1\" class=\"kx ky fo kz b la lb lc ld le lf lg lh mw lj lk ll my ln lo lp na lr ls lt lu nw nx ny bj\" data-selectable-paragraph=\"\">Get the best people in the world on your team<\/li>\n<li id=\"2f6b\" class=\"kx ky fo kz b la nz lc ld le oa lg lh mw ob lk ll my oc lo lp na od ls lt lu nw nx ny bj\" data-selectable-paragraph=\"\">If you don\u2019t hate your MVP, you\u2019ve launched too late<\/li>\n<li id=\"89a9\" class=\"kx ky fo kz b la nz lc ld le oa lg lh mw ob lk ll my oc lo lp na od ls lt lu nw nx ny bj\" data-selectable-paragraph=\"\">Build a community \u2014 iterate with feedback<\/li>\n<li id=\"5433\" class=\"kx ky fo kz b la nz lc ld le oa lg lh mw ob lk ll my oc lo lp na od ls lt lu nw nx ny bj\" data-selectable-paragraph=\"\">Be ready to \u2018incentivize\u2019 both sides of the market<\/li>\n<li id=\"afc5\" class=\"kx ky fo kz b la nz lc ld le oa lg lh mw ob lk ll my oc lo lp na od ls lt lu nw nx ny bj\" data-selectable-paragraph=\"\">You\u2019ll break every scale point, accept it, recover fast &amp; improve<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ab ca oe of og oh\" role=\"separator\"><\/div>\n<div class=\"fh fi fj fk fl\">\n<div class=\"ab ca\">\n<div class=\"ch bg et eu ev ew\">\n<p id=\"7f08\" class=\"pw-post-body-paragraph kx ky fo kz b la lb lc ld le lf lg lh li lj lk ll lm ln lo lp lq lr ls lt lu fh bj\" data-selectable-paragraph=\"\">What\u2019s the successful recipe? Pick up the best pieces of advice from experienced entrepreneurs and just listen to your vision \ud83d\ude80<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What are the best approaches to scaling a business? Some say the secrets stand in the originality of a product, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[79,84,15,66],"class_list":["post-3358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-business","tag-scaling","tag-techsylvania","tag-startup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A successful recipe for scaling a business - Techsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techsylvania.com\/a-successful-recipe-for-scaling-a-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A successful recipe for scaling a business - Techsylvania\" \/>\n<meta property=\"og:description\" content=\"What are the best approaches to scaling a business? 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