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HCM Tech and the Founders Trap

White Paper Published By: The Starr Conspiracy
The Starr Conspiracy
Published:  Sep 19, 2017
Type:  White Paper
Length:  21 pages

Why so many HCM tech startups fail- and how not to

The true failure points for startups in the HCM tech segment are less obvious than a lack of money and poor product quality. You’ve probably heard the term “The Founder’s Trap.” Many people think it refers to a broad set of general management behaviors that prevent a founder from scaling a business to its full potential. We’ve talked with a lot of founders over the years who thought this would never happen to them. The truth is, it happens to most of them.

More to our point, the odds of seeing this phenomenon are particularly good in the HCM technology segment. Let us explain why that is, and how we believe any HCM company and its founder can avoid falling into The Founder’s Trap.

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