Loved reading this post. Startup or product folks, do check this piece out!
The Growth Debt
Ironical? Isn’t it?
Why should there be any growth related debt?
But, just like Technical Debt, it happens. You can count on it. And, this is almost always true for a company that has just found its footing and is at an inflection point of shedding its startup clothes to usher into a more serious/structured company.
You say duh! And, you know what, you are right!
In the initial stages of a startup's growth in terms of revenues, customers, users, headcount or whatever-other-favorite-metric that one tracks, a company can get away with the informal structure/lack of structured processes. It’s not a necessarily a bad thing, per se but it could lead to serious ramifications on the eventual growth trajectory of a company, if the transition isn’t done at the right time. It's interesting that the cultural characteristics that helped a startup move faster at one stage may become a bottleneck at the next stage of growth.
There could be many types of “Growth Debt”, but just like the Technical Debt, if unchecked could make the entire growth process cumbersome and hard to manage.
Read the full post at - https://www.linkedin.com/pulse/growth-debt-tarun-kohli