Join our Waitlist for Expert Advice!

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

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Business News

These 3 Side Hustles Make the Most Money While Working Fewer Hours, According to a New Survey

The survey also found that having a side hustle doubled as a path to becoming more employable.

Side Hustle

I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How

Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.

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.

Thought Leaders

These 3 Trends Will Change What It Means to Be an Entrepreneur in 2025

Here are three entrepreneurship trends from the new Global Entrepreneurship Monitor report that are changing the landscape for the future.

Franchise

The McRib Is Back, But Only at Select McDonald's — Here's Where to Find It

This scarcity is nothing new. In 2022, McDonald's announced a "Farewell Tour" for the McRib, suggesting that it might be the last time customers could get their hands on it.