You want to start a scalable business because you have huge aspirations. Unlike running the mom ‘n’ pop shops in your neighbourhood, you want more than a few loyal customers. You want to grow your company, reach new investors, and expand across the city, the country, and even the world.
A scalable business is a company capable of multiplying revenue without compromising the resulting profits. You’ll charge the same price per customer if you have 100 or if you have 100,000, and more clients doesn’t equal larger workload. That is a scalable business.
When your company is ready to scale, it’ll have a desirable product and an established business model. Not only will your friends and family think your ideas are great, but investors will come knocking as well.
So where do you begin? What exactly does this type…