CNBC's Carl Quintanilla talks to David Chang, Momofuku founder, about his restaurant franchise, and the challenges
of scaling a business.
I love the idea
of scaling the business like that!
For the majority of companies we'll be an active participant on the board but often the real value add comes from the hundreds of interactions that occur outside the board room as you use us as a sounding board and partner whilst going through the roller coaster ride
of scaling a business.
It's not enough just to understand the law — lawyers need to grasp how the business works from a commercial and technological point of view, especially when working with founders who are in the process
of scaling their business.
«We saw a need to be hands - on in all aspects
of scaling a business, from fundraising to advisory and even business development, and decided to play that role.
Not exact matches
The only way to become incredibly wealthy is to start your own
business — one capable
of scaling to a significant size.
Elizabeth Gore is the entrepreneur in residence at Dell, where she drives initiatives that support Dell's goals around helping small and medium
businesses scale and prosper, fueling the expansion
of global entrepreneurship, thereby creating jobs that will drive the world economy.
The email sheds further light on the dire state
of Nokia's Digital Health
business — a part
of Nokia Technologies — that includes its line
of wearables and connected thermometers and
scales, and its health app.
Curtin University's Graduate School
of Business is continuing to
scale up the ranks
of institutions with the best Master
of Business Administration programme.
The thinking is that the industry will continue its current trajectory
of steady growth, which means that as much as there are opportunities to launch new podcast programming companies, there is also tremendous opportunity for entrepreneurs looking to build
businesses that would help the industry
scale up its processes.
Editor's Note: In the new podcast Masters
of Scale, LinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to scale a business — and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our
Scale, LinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to
scale a business — and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our
scale a
business — and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our hub.
Larger operations tend to have greater profitability, because
of economies
of scale, but, at the same time, these
businesses would likely capitalize more than smaller ones from any innovations.
Disney has
scale, but the rollout
of the latest Star Wars franchise has great lessons for small
businesses.
Miklusak has 18 years
of marketing, sales and
scaling businesses experience, serving as CEO
of tMedia and in various roles on Careerbuilder.com's leadership team.
You can't open a corner coffee shop and hope to become incredibly wealthy; you'll need to
scale that
business, like branching out and owning a number
of different locations.
Without widespread adoption
of this zero - emission technology, the electric - car industry will remain a niche
business and the demand for Tesla's batteries will never be large enough for the company to
scale in a significant way.
The global network
of business leaders was supposed to help emerging - market entrepreneurs
scale up, but now the organization is needed closer to home.
«Being able to discuss a key issue with someone qualified and not emotionally or financially invested in your
business is huge for one's entrepreneurship journey,» says Galina Ozgur, GM
of Grand Central Tech, a New York City - based tech campus and accelerator geared towards startups poised for
scale.
If you're aiming to make it to the very pinnacle
of business success, one way to go is to follow in the footsteps
of exceptional leaders who have already
scaled those heights.
«We are pleased to acquire a
business of this
scale that has such an outstanding reputation with its customers dating back to 1954 and a strong management team led by CEO Christian Boas, who will remain with the
business following the closing.»
The founding team was comprised
of a serial entrepreneur, a CTO who had
scaled a small
business to hundreds
of millions in revenue and a talented
business development person with relevant industry experience.
There's a great deal to be gleaned from people who have actually done what you're hoping to do rather than from newbies who are inventing their «careers» as they roll along, hoping at the same time to get their
businesses built and
scaled before they run out
of time, cheap money or good ideas.
That's why it's scouting adjacent
business opportunities — places to leverage its
scale to drive out competitors and become a one - stop Uber
of everything platform.
Having a good credit score will help you
scale your
business and obtain loans, financing and further lines
of credit for big purchases.
«He was a really senior person but he spent a lot
of time with me fixing my pricing model and helping me
scale my
business,» says Organ.
Kimberly Johnston
of @goodworksHOU on
scaling your
business cc @CircularB @Entrepreneur #WomenEntrepreneurs pic.twitter.com/MP 4mBaRPCO
Stephen Sapp, an associate professor
of finance - economics at the Richard Ivey School
of Business, noted that the effect on Canada will likely be indirect if the slowdown in growth is confined to countries we don't trade with on a large
scale.
If trends indicate that you may experience a cash shortage in the coming months, look at expenditures you can temporarily
scale back on or consider a temporary infusion
of cash through a small
business lender.
But it would have been far worse if it had follow the path
of some
of its rivals — such as BP, Marathon Petroleum, Murphy Petroleum, ConocoPhillips, or Hess — and sold off or massively
scaled down its U.S. refining
businesses to focus on exploration and production.
The cloud can offer website owners quick access to all
of their data, plus the flexibility to
scale up if your
business and website grow in the future.
On human time
scales, that's a long time,» Duncan Brown, an astronomer at Syracuse University who's a member
of the LIGO research collaboration, previously told
Business Insider.
Big companies often have rigorous tests for new job applicants to make sure they are the right fit; Plum extends this type
of «big company» evaluation process to small
businesses — at an affordable cost and sensible
scale.
«The capital - intensive nature
of the
business suggests, and some would say demands, a certain
of level
of scale,» she says.
These gestures often vary in
scale and cost, but one thing I have found consistent in my years
of running
businesses is the astonishing amount
of wastefulness due to completely irrelevant or useless gifts that end up at the bottom
of a wastebasket or, worse, in a white elephant gift exchange.
On a
scale of 0 to 300, a small
business must score at least 140 to pass the pre-screening process the SBA sets on its most popular loan — the 7 (a) loan.
From a macro perspective, there's a common theme among all
of these developments: Namely, that the digital music
business is becoming an industry in which only a truly massive company with huge
scale and deep pockets can hope to compete.
A definition
of success that can only exist at that
scale, whether it's the complexity
of the problem, the
business they want to build or the organization they imagine building
Innovation at a large
scale means that you're eroding some
of the existing work forces and large
businesses that are the tax base.
He has coached the top
business, athletic, and performance leaders around the world, built dozens
of hugely successful companies and non-profits, and continues to generously donate his time, money, and talent on a massive
scale.
Further, the current monetization offerings for mobile websites and applications fail to generate the
scale of opportunity most require to build a robust
business strategy, so you need to think outside the box in order to create more opportunities that engage consumers in a mobile first environment and eventually, bring in more money.
That may all change by this coming summer, when the U.S. Supreme Court is expected to rule on two cases that have the potential to rebalance the
scales in favor
of small
businesses.
«If there's a
business problem that has fascinated me my entire career, it's the notion
of scale,» says Gilbert.
With a lack
of standard addressing systems in the Middle East region, efficient logistics systems continue to be a key barrier in e-commerce ventures
scaling up, with e-commerce
businesses bearing huge costs in failed or delayed deliveries.
The report concludes on a note
of optimism: «At the end
of the day, we believe that the greatest opportunity
of our time is to leverage the power and
scale of business to serve humanity, and harness the best
of our humanity to reimagine the way we do
business.
«I wanted to set up a long - term
business, on an extensive
scale and found a sea
of opportunities in the infrastructure sector,» told Kailas.
When it comes to purchasing new gear, the tax code lays its thumb lightly on the
scale: A new expensing allowance lets
businesses write off up to $ 102,000
of tech equipment purchased before the end
of 2004.
If revenue models illustrate how
businesses can optimize each part
of their funnels, marketability models illustrate how
businesses can
scale by pouring new resources into the top
of that funnel.
With the right solutions in place, they can automate some
of those duties and keep their efforts where they need to be, in order to
scale those
businesses upward.
Telstra chief executive Andy Penn says the days where companies do all
of their innovation, research and development internally are over, while new creative and more nimble startups are proving that the
scale of a
business is no longer a competitive advantage.
So think
of IoT as freeing up your
business to
scale and grow, without being hindered by adding more cost.