Why is scalability important for businesses?
Scalability is crucial because it allows a business to grow and manage increased demand without compromising performance.
Can you give me an example of a scalable business model?
Sure! A subscription-based service is a great example, as it can easily add more customers without significant changes.
What are the risks of not being scalable?
If a business isn't scalable, it may struggle to meet customer demand, leading to lost sales and a damaged reputation.
How can a company ensure it is scalable?
Companies can ensure scalability by investing in technology, optimizing processes, and planning for future growth.
Is scalability only important for tech companies?
No, scalability is important for all types of businesses, as it helps them adapt to market changes and customer needs.
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