Scalability and Startups
- ByPassionIT News --
- 2023-07-27
Difference Between Growth and Scalability
A lot of start-up founders, as well as investors, tend to get confused between the closely related but different concepts of growth and scalability. It is important to know the difference between the two.
Both scalability and growth refer to an expansion in the level at which the business operates. Every business can experience growth. However, scalability is specific to certain types of businesses.
Scalability means that the business should be able to generate increased revenue without making a proportional investment in building the production capabilities or infrastructure. For example, a website is highly scalable since it allows the business owner to cater to a much larger number of customers than a physical store would.
https://www.managementstudyguide.com/scalability-and-startups.htm
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