Scale-An Accelerant or Killer In Your Business

<p>In this episode, Robert talks about the concept of Scale. It can be one of the biggest roadblocks or accelerators for your business, depending on how you use it.</p><p>Robert tells us that in order to avoid multi-level consequences, we should consider scale. We hear his philosophy on evaluating downside versus upside risk, and he tells us how to determine whether an activity is scalable or not.</p><p>When we spend time thinking about scalability, we are more able to see the long-term potential of a strategy, and therefore give us more confidence to move forward – “if you don’t have this confidence, you’re really throwing darts at the board.&quot;</p><p>How do you evaluate and consider scale? Robert elaborates on this with an example, we learn the difficulty of scaling a time-for-dollar business, and he gives us some solutions.</p><p>The process really is to test and identify problems, try to mitigate those problems, consider the upside and downside, and make a decision to either keep or throw out the idea. Systemization of your tactics and strategies will save you at that point.</p><p><strong>Highlights</strong></p><ul><li>“When you don’t consider scale, you have all kinds of problems.”</li><li>“Thinking about scalability is a discipline, and we as entrepreneurs tend to want to do anything that makes money and has success, and we have a hard time passing and saying no to projects that initially appear very profitable.”</li><li>“The upside of thinking about scalability is that it allows you to see the potential and the realistic possibilities of a tactic or strategy.”</li><li>“Time-for-dollar businesses are the hardest to scale. You’re only able to grow based on the number of consultant you have.”</li><li>“Systemization is really the only long-term cure for avoiding the pitfalls of scale.”</li><li>“If you can’t fix a problem or you can’t find a system to minimize it, don’t do it.”</li></ul>