A conceptual framework of risk identification for scale up companies in transition period

Within an Entrepreneurship ecosystem companies are divided in three phases of development: startup, scale up, and unicorn. This paper addresses the scale up phase and focuses in a bottleneck of transition stage from startup to scale up and consider various challenges from point of view of risk management. This research presents a risk identification framework based on some best practices. The method proposed is supported by established risk management concepts that can be applied to help scale up companies to gain awareness of the risks especially during transition period. This paper contributes for research on entrepreneurship's risks by applying risk management for transition performance of scaling up companies by identifying the relevant risk factors that should be considered. Subsequently, these risks should be evaluated in order to executing proper actions. In addition, it gives to entrepreneur's insights on how the adoption of the growth will affect the enterprise scaling, and how it can increase the assurance of transition stage. The paper concludes with a summary of key ideas and promising directions for future work.