Sep 17, 2014 in Business/Finance . 0 Comment
Making your business grow is a challenge second only to starting a new business. Business growth is essential, but it can be a hazard as well. If it grows too quickly, you can suffer negative consequences. What does it truly mean to scale your business for success? It’s essential to answer this question both for yourself and for any potential investors.
What Does It Mean?
Scale is a term that is used frequently in business in reference to various contexts of growth. For example, if you’re operating at scale, it means that you are fully optimizing all of your current resources in order to get the best possible results. Another way to look at it is whether or not the business scales. Companies that scale are able to increase revenue without increasing operating costs. For some companies, this type of growth simply isn’t possible. If there are fixed costs involved and the operating costs increase by the same amount as the revenue, the company does not scale. For others, certain types of marketing tools can be used to help scale the business.