Thursday
Opinion, Tips/AdviceSmall is the New Big
Don't let your startup become a dinosaur
“Small companies with low overhead, reliable owners, a small number of committed employees, personal client relationships, and sustainable business models that drive a reasonable profit are the great opportunity of our time.” - Blogs.HarvardBusiness.com
The above quote shows something that we’ve all known (at least subconsciously) for some time now. When things get tough, it’s the smaller animals that survive. It happened to mammals when dinosaurs went extinct, and it’s going to happen to small startups when the big corporation-like ones start going out of business: small will rule the world, with time.
Why will smaller companies thrive? Well, for one, they’re so cheap to maintain, that employing a small number of people shouldn’t be a financial drawback. With a smaller team, come more varied jobs, which in turn up employee morale. This vicious-yet-positive cycle allows smaller startups to get more work done with less people, thanks in no small part of the beaurocratic structure of bigger companies, most noticeably corporations.
The point made is simple: the smaller you are, the more chances of surviving you have. If this surprises you, then you’re obviously not taking in the whole picture. It’s a lot harder to keep a big animal alive, think of the resources that are wasted in the simplest of tasks.
Think of your startup as an animal. Keep it small, and it’ll live longer.
Post Tags: Business, Business and Economy, Business model, Corporation, Employment, Morale, Small Business, Start Up
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