After having encountered their first successes, start-ups must face many challenges to properly pursue their growth: recruitment, internationalization, but also governance. The latter ensures a sustainable process of value creation, in compliance with legal regulations, ethics and internal statutes. The goal is to preserve the corporate interest while taking into account the human, the strategic side and the control of risks. In his latest white paper, DiliTrust, the leader in governance solutions, reveals how to succeed in transforming your start-up into a real sustainable scale-up thanks to good governance practices.
Governance, a lever for the development of a company
Governance must be an integral part of a start-up from its inception. It must constantly be rethought and readapted to suit the new challenges of a business that are being created. Among them, the first financing of a company, which is a crucial stage in the growth of a start-up.
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” We would like the principles of governance of “conventional” companies to apply to the governance of start-ups, but this implies a pragmatic approach adapted to their ecosystem. However, the establishment of governance is a decisive lever to help the start-up to develop sustainably. », Explains Isabelle Bergez-Casalou, Strategy, Leadership & Governance Programs Director at Sciences Po Executive Education to Sciences Po.
In this sense, it is necessary to conduct a harmonious and coherent governance strategy in line with its company and its status. For scale-ups, for example, it is essential to take into account the significant overgrowth of this type of structure. In general, they experience growth of at least 10% to 20% over three years, reveals DiliTrust in this white paper.
For this reason, the internal management system of the scale-up must evolve at the same rate as it to allow the organization to properly manage the new challenges. The same is true for management tools, which must be adapted to this hypergrowth. In short, it is essential to find the right balance between decisions taken in the short term and the evolution of the company in the long term.
In the final part of this guide, DiliTrust unveils several corporate governance tips that will be helpful in your transformation. In particular, it is important to maintain your corporate values, making your employees close to each other and allowing your customers to identify with your offers.
By purchasing this white paper, you will also discover the major elements to be maintained in order to develop your company. All these tips will be useful to continue your growth while maintaining the entrepreneurial spirit of your start-up, and will help you establish and organize your governance bodies. Don’t forget to download the DiliTrust guide to take advantage of the many tips from the experts !