Scale vs Add | What’s the Difference in Business?
Scaling and adding are not the same things when it comes to growing your business. In this video, Matt talks about the difference between the two things as he reacts to a video.
There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!
Video Transcript:
Business Advice Video:
Person 1: What is the best way to scale and grow your business?
Person 2: Most people are not even thinking about scaling, they’re thinking about adding. They’re not thinking about multiplication. And they’re thinking about “Okay, I need to add, you know, some more revenue. Or I need to buy a car.” Scaling is like no, no, I wanna like I wanna multiply things, right? I wanna go – We’re at 1,000 employees right now, I wanna go to 10,000.
Matt’s Review:
Yeah, I mean this guy is definitely a pretty well-known consultant for people who are looking to grow their business. And you know, he’s talking about the difference between adding and scaling. Which are not exactly – the terms that are completely different, right? Scaling is just adding a lot. But the difference between adding 20 employees if you have 1,000, and going from 1,000 employees to 10,000 employees is kind of the difference he’s talking about. Now, there’s very very few companies with even 1,000 employees that are looking at this. And most people are 10 employees or 15 employees. There’s a much bigger pool of businesses that size. But again, if you’re asking yourself “We’re at 10 employees. How do we get to 100? What’s it gonna take?” That’s a different answer than if you’re saying “We’re at 10 employees, what’s the next hire? Or what’s the next two hires?” So it’s just a change in mindset. If you’re thinking about how do we go really big versus how do we just keep incrementally growing a little bit? If you’re somebody with the ambition to scale, then that’s the way you need to think. And I would suggest even if you don’t necessarily wanna get 10X bigger, it’s still worth taking the time to ask the question and think about it because it might change your thinking enough that you go from 10 to 20 in the same time you would have gone from 10 to 12 or maybe just stayed at 10. So if you’re thinking about growth at all, why not at least think big and see if it’s something you wanna pursue?
