$treet $marts: Growth vs. Scale. What's The Difference?
$treet $mart$ (vol. 41)
Scale
I often hear entrepreneurs use the words growth and scale synonymously when in reality, they are grossly different.
Growing means getting bigger in size and scope, while scaling means improving your organization over time with the resources you already have.
So, we have to ask ourselves:
Is my organization becoming bigger or better?
Bigger is not always better
Being well-resourced doesn't automatically make an organization more competitive. In fact, it can harm company culture and undermine efficiency. Hiring more people doesn't guarantee more clients or projects; it often leads to scheduling conflicts, confusion, and loss of operational efficiency.
Ron Carucci
Three (3) Truths To Remember When Building Your Business:
1.) More people means more headaches.
Adding more people increases complexity, hampers communication, and creates reporting structure issues. The best organizations are those with just enough people to get the job done. Instead, focus on hiring the RIGHT people.
Michael Batko
2.) Efficiency is crucial.
Successful companies operate efficiently. This requires focus, discipline, and careful resource management. Wasting time on unnecessary meetings, status updates, or tasks can derail progress. Each team member must understand their role and how it impacts others. Instead, focus on an operating system for your business that prioritizes getting stuff done.
Dev Chandra
3.) Agility is key
Well-resourced organizations often struggle to progress due to the cumbersome decision-making processes involving numerous stakeholders. Too many resources can slow down progress and hinder execution.
Agile organizations are masters of adaptation and responsiveness. Unlike traditional organizations weighed down by resources and teams solely dedicated to one project, agile organizations thrive on efficiency and flexibility.
Best,
Samson
Why Your Business Needs a Podcast. | Seth Silvers | Pain to Profits Ep. 37
Story On was founded by Seth Silvers out of frustration with what marketing could be but was not. He realized the brands he loved were the ones focused on improving people’s lives and the ones not just making products but telling stories. Consumers wanted to buy from companies telling great stories, but brands were stuck shouting about products.
After trying to help too many companies in too many ways, Seth Silvers realized the most impactful work they were doing was in podcasting. Podcasting had become the most effective way Story On was helping their clients, and podcasting had become one of the best ways for brands to communicate their passion, value, and stories to their audience. Story On pivoted to focus on building exclusively can’t-miss podcasts for business leaders.
Kai Cenat NYC Riot: Everything You Need to Know
In this episode of Pain Points, Samson Jagoras and Darius Bell discuss the Kai Cenat NYC situation, parenting in the Gen-Z age, and some words of wisdom about entrepreneurship.
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