Scaling your business does not mean devoting 50-80hrs a week, or even hustling madly to drive your business forward.
What does it really take to scale your business?
In business, the definition of “scale” is to increase revenue at a faster rate than costs. Businesses achieve this in a number of ways, from adopting new technologies to finding “gaps” in their operations that can be streamlined.
Sidenote: There is a difference between growth and scale.
Growth often refers to increasing revenue as a result of new revenue or business acquisitions. Growth also happens as a result of employing more people, expanding into new markets or office space. Growth can even result in losses as a consequence of costs increasing at a faster rate than revenue.
Scaling, on the other hand, is a result of doing things more efficiently so that your gains outpace your losses.
So with that said…