Scalable

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Refers to a product, service, or business model that has the ability to grow or expand without significant increases in costs or resources. A scalable business is one that can handle an increasing number of customers or transactions while maintaining its efficiency and profitability. This is often achieved through the use of technology, automation, and streamlined processes. Scalable businesses are attractive to investors as they have the potential for significant growth and can generate high returns on investment. It is important for startups and businesses to consider scalability when developing their products or services to ensure long-term success and sustainability.

One example of scalability in business coaching is creating online courses or digital products that can be sold to an unlimited number of clients without requiring additional time or resources from the coach. By creating scalable offerings, the coach can leverage their expertise to reach more clients and generate passive income streams.

Scalable DEFINITION:

1. Capable of adapting to growth or increasing demand without significant changes to the underlying system or process. 2. Able to expand or replicate a product, service, or process with minimal additional resources.

Scalable QUOTE:

1."Scalable: the buzzword that makes investors drool and developers weep." 2."Scalable is like a recipe. It's great for feeding a crowd, but you'll regret it if you accidentally add too much salt."