What are the differences between scaling and growth in business?
Scaling refers to increasing revenue without a corresponding increase in costs, while growth involves increasing both.
Can you give me examples of companies that have scaled successfully?
Sure! Companies like Airbnb and Uber scaled by leveraging technology to expand rapidly without a proportional increase in costs.
What about growth? Can you provide examples of companies that have focused on growth?
Absolutely! Companies like Amazon and Walmart have focused on growth by expanding their product lines and physical locations.
How do you decide whether to scale or grow?
It depends on your business model and market conditions. If you have a solid product-market fit, scaling might be the way to go.
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