10 Truths and Tips on Scaling an Amazing Company From the 'Oracle of Silicon Valley'

LinkedIn's co-founder Reid Hoffman knows a little something about the block and tackle of growth.
10 Truths and Tips on Scaling an Amazing Company From the 'Oracle of Silicon Valley'
Image credit: Bloomberg | Getty Images
Reid Hoffman

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Founder of This Dog's Life
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Editor’s Note: In the new podcast Masters of Scale, LinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to scale a business -- and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our hub.

Turning a startup dream into a full-fledged business is no walk in the park. It takes an amazing product-market fit, a solid team and the kind of charisma that can move mountains. Oh, and luck never hurts either.

Better understanding the unique formula that helps companies grow is at the heart of Masters of Scale, a podcast hosted by Reid Hoffman, a LinkedIn co-founder and partner at Greylock. In each episode, Hoffman chats with big-name leaders such as Mark Zuckerberg, Sheryl Sandberg, and Brian Chesky to explore what went right -- and wrong -- with their companies.

Related: Check Out a New Podcast Hosted by Reid Hoffman -- And Join the Conversation on Entrepreneur.com

These chats have generated a fair share of takeaways and lessons learned. To keep you motivated, we’ve collected some of Hoffman’s best tips and observations. Check out some of his top advice in this special slideshow.

 

Prepare your foundation.

Prepare your foundation.

From Masters of Scale, Episode One, Handcrafted

 

Listen carefully.

Listen carefully.

From Masters of Scale, Episode One, Handcrafted

 
 

Offer magic.

Offer magic.

From Masters of Scale, Episode One, Handcrafted

 

 

Think small.

Think small.

From Masters of Scale, Episode One, Handcrafted

 
 

Seek surprises.

Seek surprises.

From Masters of Scale, Episode Two, The Money Episode

 

 

Get laughed at.

Get laughed at.

From Masters of Scale, Episode Three, Beauty of a Bad Idea

 

Move forward.

Move forward.

From Masters of Scale, Episode Four, Imperfect Is Perfect

 

Manage chaos.

Manage chaos.

From Masters of Scale, Episode Six, Innovation = Managed Chaos

 

 
 

Find opportunity.

Find opportunity.

From Masters of Scale, Episode Two, The Money Episode

 

Be daring.

Be daring.

From Masters of Scale, Episode One, Handcrafted

 
More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur