What does it mean to scale a business?
‘Scale‘ is increasingly being used as shorthand for ‘scale up’ (“to grow or expand in a proportional and usually profitable way”) and as a noun that means “proportional growth especially of production or profit” and/or “a large market position.”
Here are 5 steps to Scaling a business in 2018:
- Evaluate and Plan. Take a hard look inside your business to see if you are ready for growth
- Find the Money. Invest. Scaling a business doesn’t come free
- Secure the Sales.
- Invest in Technology.
- Find Staff or Strategically Outsource.