Get All Access for $5/mo

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

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.

Business News

How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

He started his now 14-year-old company in one weekend for $60 — it made $300,000 the first year, and $3 million the second.

Side Hustle

This Mom Started a Side Hustle on Facebook — Now It Averages $14,000 a Month and She Can 'Work From a Resort in the Maldives'

Heather Freeman was searching for a way to make some extra cash — and her cousin gave her a great idea.

Business News

Why Does Taylor Swift Keep Stopping Her Shows Mid-Song? It's Actually a Great Lesson in Leadership.

Taylor Swift has paused nearly half of her shows while on the European leg of her Eras tour, and the reason is something leaders can learn from.

Side Hustle

This 26-Year-Old's Side Hustle That 'Anybody Can Do' Grew to Earn $170,000 a Month. Here's What Happened When I Tested It.

Stephen Alvarez was working at a dental supply company and following his passion for cars on the side — then an Instagram ad changed everything.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.