Scaling Your Value

If you want to provide value in ways that scale, you ought to think about scalability when choosing the format for providing your value. Some modes of providing value scale much better than others. The Mindset of Scaling Basically you want to consider these three questions: What is the value I’m providing and to whom? What would it look like for 100 people to receive similar value simultaneously? How can I continue to provide value while I’m sleeping? Let’s begin with the first question. Suppose you’re currently working as a hairstylist. You provide value by cutting and styling people’s hair. And suppose you currently serve one client at a time, so your income is determined by the number of clients you serve and how much you charge your average client. Maybe you sell some products on the side as well. You can increase your income by becoming more skilled or by improving the way you market your services, so you can charge more per client. But your income is still largely determined by how many clients you can get into your chair. Scaling beyond a certain point becomes difficult. Now let’s try the second question. You couldn’t personally perform hairstyling services for 100 people simultaneously, so you’ll need help to provide this much value at once. You could recruit 100 stylists, perhaps by opening a very large salon. Then you could invest your time in marketing and advertising, both for clients and stylists, and it’s e...
Source: Steve Pavlina's Personal Development Blog - Category: Psychiatry & Psychology Authors: Tags: Abundance Productivity Source Type: blogs