The four factors you have to scale your business

maxrakib43

You don't have to be too smart to guess what my preferred options are: third-party equity and code. I like Bondora's business model of receiving interest on P2P loans. With a small investment you can participate in a dozen loans, reducing the risk of having a total loss of your capital. I'm going to copy the model and apply it to my world. It will take 2-4 years to get to this point but at least I am clear now what the next evolution of the business is. Your time : People are actually not the worst way to grow your business. In theory there is one that could be worse and that is your own time.


By definition you have no more than 24 hours a day Phone Number List and you may have to subtract a few hours to sleep. Some are able to stretch it but your time by definition is finite. Other people : The more people you have in a business, the more problems arise. It might be an unpopular opinion but it is the reality. Human beings are special. That in itself is a good thing, but when it comes to collaborating and functioning in groups it can make things very complicated. Just look at large corporations. The more people, the less effectiveness. Third-party capital : You can use third-party money to scale a business.



If you know what you are doing and how to invest it, you will have an incredible factor in making more money. To do this, it is essential that you have found that machine where you put 1 euro in and two come out. Code – Code is hands down the best way to scale. At a certain point adding one more user to a platform barely increases the cost. There is even talk of scale effects. The maintenance or operations cost per user drops with each new person who uses your code. Here it is also clear that not just any code will do. It could be that of a popular app or video game.