#106 Growing vs Scaling

One of the hallmarks of a successful business is its ability to scale without proportional increases in expenditure. This is what separates the wheat from the chaff, so to speak; those businesses that can maintain healthy margins and control costs even as they grow rapidly are the ones that are built to last. There are a number of ways to achieve this feat. One is simply by being smart about where you allocate your resources; another is by automating or outsourcing certain processes that tend to be expensive. Keeping a close eye on expenditure is crucial to ensuring that your business continues to thrive as it scales up.

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