Rules Of Building A Scalable Business

The most basic questions for any business to answer are – “Who is my customer?
Scalability is not possible if everything is dependent on the entrepreneur
If a system is not simple, then it is not a system.
Entrepreneurs are the lifeline of any nation’s economy.
There is no value in it for the entrepreneur if he is stuck in the trap of self-employment.
In self-employment most entrepreneurs don’t even pay themselves consistently because they are struggling for survival, leave alone growth.

So here are some basic rules on building a scalable business:

1. Size of the target market:

The most basic questions for any business to answer are – “Who is my customer? Whose problems are my products or services solving? Whose needs are my products or services fulfilling?”
The key point here is to identify your audience very clearly.

2. Scalability of Distribution and Delivery:

In most cases, entrepreneurs believe that they have a large audience to serve when they answer the first question – the size of a target market.
But the true test of the scalability of a business model is when it can be defined how many customers the business can handle and how it can acquire a massive number of customers.

3. Making your functions functional:

Scalability is not possible if everything is dependent on the entrepreneur.
Every function needs to function consistently and simultaneously for the business to scale.

4. Build simple systems: