You can be on Entrepreneur’s cover!

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.

By Andrea Huspeni

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Bloomberg | Getty Images
Reid Hoffman

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.

From Masters of Scale, Episode One, Handcrafted

Listen carefully.

From Masters of Scale, Episode One, Handcrafted

Offer magic.

From Masters of Scale, Episode One, Handcrafted

Think small.

From Masters of Scale, Episode One, Handcrafted

Seek surprises.

From Masters of Scale, Episode Two, The Money Episode

Get laughed at.

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

Move forward.

From Masters of Scale, Episode Four, Imperfect Is Perfect

Manage chaos.

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

Find opportunity.

From Masters of Scale, Episode Two, The Money Episode

Be daring.

From Masters of Scale, Episode One, Handcrafted

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Travel

Save on Business Travel with Matt's Flight's Premium, Only $80 for Life

This premium plan features customized flight deal alerts and one-on-one planning with Matt himself.

Science & Technology

Here's One Reason Urban Transportation Won't Look the Same in a Decade

Micro-EVs may very well be the future of city driving. Here's why, and how investors can get ahead of it.

Health & Wellness

Do You Want to Live to Be 100? This Researcher Has the Answer to Why Longevity is Not a Quick Fix or Trendy Diet

Ozempic, cold plunges, sobriety and the latest health fads are not what science reveals will help you live a longer and healthier life.

Data & Recovery

Better Communicate Data with Your Team for $20 with Microsoft Visio

Visio features a wide range of diagramming tools that can support projects across all industries.