People, Process, Tech: The Framework for Scaling Your Business Sustainably
Frequently Asked Questions
Growing means revenue and operating expenses increase at the same rate. Scaling means revenue increases without expenses rising proportionally. Great Deals founder-CEO Steve Sy identified this gap on his own balance sheet, where revenue reached billions but profit stayed flat.
It's a three-step scaling framework: identify the "vital seats" a business needs and hire the right people for them, manually build and adjust processes before automating, then apply technology to simplify and automate those processes once they're proven to work.
"Vital seats" are the roles a business needs to function, independent of who holds them — for example, the positions that must stay filled even if revenue dropped 80%. Sy advises identifying these seats first, then hiring people suited to fill them.
Sy says automation is expensive, and a flawed process — often caused by hiring the wrong person — gets locked in if automated too early. Building processes by hand first lets a business adjust and correct mistakes before investing in technology.
"AI natives" are Sy's term for employees, largely interns, who grew up AI-savvy the way earlier hires were "digital natives." Great Deals is having these younger employees introduce AI-powered tools and processes to streamline operations, since older staff are less AI-fluent.
