How does one know a business idea would be scalable?

[King Belieal]

We always hear talks of a business being scalable or not. And we would want to only engage in a business that is scalable, I presume.

When working on a business idea, how do we ascertain that it is scalable or not? What are the indicators to show the scalability of the business idea?

 

[Augusta]

An idea to be remains one until you have put it to work. Some business ideas sound great but might be a flop when executed. So we just have to try it out first to know

 

[King Belieal]

Scalable businesses are supposed to have low marginal costs of production. That means the cost of expanding it slightly must not be too expensive.

 

[Fidelia]

Businesses that would be scalable can actually be started with as low as $50. They allow for lower startups levels.

 

[eLdavis]

This is were research comes into play, before starting a business, it is very important to make research about the business.

 

[Suba]

Scalable business ideas refer to small, medium or online businesses with limited capital. The development of a scaled business without having to change the financial structure, so it is not affected by sources and expenses. An example of a scaled business is Netflix.

 

[Min George]

A scalable business always has a large and growing customer base. The product with those businesses that are scalable have very high demand.

 

[Augusta]

You can also know such business venture through feasibility studies. you just have to run the market to get the truth