by Thandekile Moloko, Wealth Coach & Wealth Manager
Scaling, which is also synonymous with economies of scale, is a business term which in its truest form means expansion. It is being able to be profitable when demand has increased for your services or goods. It is the ability to increase supply and still maintain or reduce costs. In scaling your business, you need to make sure that your expenses work for you and produce the ultimate profits.
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