Posts tagged Business

Thinking 'Small': Why Bigger Ain't Better

We’ve all heard the saying, “Bigger is better.” Or is it?

In relation to companies, big has mattered. Big companies are associated with wealthy Fortune 500 conglomerates where value can be added due to large numbers of employees making functions more efficient. Such economies of scale made sense for growth’s sake. Small startups were traditionally always encouraged to get big quickly, primarily because large companies can go public and acquire more capital. Fancy stuff.

Yet, interestingly enough, small businesses are the backbone of the economy. The U.S. Small Business Administration says that small businesses create two of every three new jobs, produce 39% of the gross national product, and invent more than half the nation’s technological innovation. Simply because you operate a small company doesn’t mean you are unimportant.
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