Revenue vs. Expenses in Business 

When you’re first launching your business, getting everything in place to land those first few sales is a huge milestone. Once the sales start rolling in steadily, however, you’re faced with a new challenge:: how to keep up a successful delivery of your good or service while your clientele grows.You should not focus on scaling at the nascent stage of your business but once you’re making steady sales, however, you can begin thinking about the next steps for your business. You might be familiar with the idea of scaling your business, but is scaling your business simply the same as growing it?
Scaling and growing are similar concepts, but there’s an important distinction to understand between the two that can be boiled down to the ratio between your revenue and your expenses. When your business is growing, it means your revenue is increasing but your expenses are also increasing at roughly the same rate. Scaling, on the other hand, describes growing your business revenue at a faster rate than your expenses.
In the next video i'll tell you about the 10 strategies you can use to scale your business and set the stage for supporting its long-term growth.
#ondemandinternational #odintconsulting #businessformation #companyincorporation
Other Social Links
RU-vid: / @ondemandinternational
Facebook: / odintconsultingservices
Instagram: ...
Linkedin: / odintconsulting
Pinterest: / odintconsulting