A business is scalable when you can keep your costs of production low even as you gain more customers. For example: selling an app is scalable because the overhead can remain almost the same even when more people download it. On the other hand, selling cupcakes online is not highly scalable because you’ll have to buy more ingredients and more packaging materials as you grow your customer base. So click the links below to discover business ideas that have the most potential to scale --- especially in this pandemic.
What Does "Scalability" Mean? by Evan Carmichael, founder of Evan Carmichael Communications Group
7 Business Ideas that Scale (Plus How to Scale Any Business) by Philip Taylor, CEO of FinCon
10 Tips for Building the Most Scalable Startup by Martin Zwilling, CEO of Startup Professionals
The Business Scalability Matrix by Inflexion-Point Strategy Partners Limited
(Photo by William Iven)
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