There is another benefit to living in a common interest community and paying HOA fees â the ability to use and enjoy community amenities you may not be able to purchase and maintain on your own, like a swimming pool, tennis courts or walking trails.
ECONOMIES OF SCALE. AND ECONOMIES OF SCOPE. Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms, which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service.
It also requires that you have a lot more infrastructure. You typically need to have a lot more processes, systems, even people in place to help you to grow to that level. The volume-based value approach, in terms of how you want to grow your business, is one that you should really think about. Thereâs really two ways to build a consulting business. You can do it based on volume or you can do it based on value.