Business fail primarily for two reasons (1) negative culture, and (2) an inability to control costs. This quick episode focuses on the latter.
The definition of scaling is “achieving increases in revenues without corresponding increases in costs”. I briefly discuss differences in growth and scaling for product-based (often mass production operations) and serviced-based organizations (where every deliverable is inherently different), and offer some strategies that any organization can start with to help address the cost side of the equation associated with scaling The list of ideas is not meant to be exhaustive or all-inclusive…just a few ideas to the conversation going in your organization.