Assuming that you’ve successfully started a startup. Scalability is the ability of a startup to grow. Or, to put it more precisely, a scalable business can adapt to a larger workload without compromising performance or losing revenue. Can your business with $0 in annual revenue grow to a million dollar company?
If it’s scalable, then yes.
But not every business is poised to make it big. Some startups get off the ground without the right systems, people, or mindset in place. Trying to grow such businesses is like trying to inflate a tractor tire with a bicycle pump.
Here’s how you can prepare your startup to scale up.