You might think that business growth and popularity can never be a bad thing, but this is not the case. There is such a thing as a business growing too fast.This means that if you want to be sure that your business has success for the long haul, you need to be sure that you grow your business the right way from the start. This means that you need to be a business that scales quickly and grows at the right rate. This will keep your business from growing too fast or too slow. You can have just the right business growth rate if you scale effectively. Here are the key takeaways from this infographic.
This is a Greek yogurt company that did not have a lot of competition when it burst on the scene in 2007. It was the only company of its kind, so it had a lot of success from the start. However, the reason why this company has been able to have success for many years is because they knew when to scale. They have a unique product and only had 40 employees as a company before they scaled and had nearly 2,000 employees after scaling. They saw the writings on the wall and knew that scaling was the best thing for the company long term. Chobani was an instant success from the start and were able to secure big loans that allowed them to increase production right away. This has allowed them to grow at a steady rate ever since.
Chances are you have gone on Pinterest and gotten inspiration for some craft or hobby idea. Pinterest is a social media platform that is very popular, but it is one that has just recently become profitable. There was a time when Pinterest had many users, but did not have any profits. They have since turned it into a company that is worth more than 300 million. However, the only way to do so was to scale the company, This is a company that had no revenue at all before scaling, but now has millions of revenue after scaling. This is a success story for scaling any company and shows that you need to grow at the right rate if you want to be able to turn a profit.
Scaling a company the right way is the key to success for your company no matter what industry it is in.