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Advice Line with Jeff Raider of Harry's
How I Built This with Guy Raz
Start Small, Scale Smart
Starting a business can be achieved with minimal investment, as demonstrated by companies like 1-800 and Bundles, which rely primarily on human labor and basic materials. This low-cost model allows for scalability through hiring additional personnel and equipment as demand increases. The pricing strategy for services can be flexible and dependent on agreements with clients, indicating that businesses must adapt to their specific market. Maintaining high service quality while expanding is a critical challenge for founders, emphasizing the importance of careful management during growth phases.
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