Top advantages to be small for your business and team

As a small business, you have many disadvantages over bigger players. You have less money to play around with, perhaps less in-house skills, and you won't have as much power when it comes to negotiation either. Although there are certainly disadvantages to being a small business, there are also benefits too. In this article let us take a look at what factors may be working in your favour, and how you can leverage them.

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Advantages of a Smaller Team

wuha wuha - 2 months ago

1. Focus - a manager can spend more time with each person on a smaller team as necessary.
2. Clarity - in a smaller team, everyone has a line of sight to everyone else. Everyone is aware of the circumstances, the successes, the failures and the expectations.
3. Cohesion - smaller teams have a greater chance to be more cohesive. (The corollary here is they also have a better chance of tearing each other apart)
4. Administration - I need to recruit, train and bring fewer people up the learning curve, so we spend more time on real work and less on the administration of the team
5. Interaction - I can interact more easily with each individual and gain a sense of their commitment level
6. Visibility - Since it is harder to “hide” on a small team, I can quickly weed out those who aren’t up to snuff or just aren’t bought in to the program.

via lifehack.org

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Key Business Advantages to Being Small

wuha wuha - 2 months ago
  • Know Your Customers
  • Tailored Service
  • Charge Less in the Services Industry

via articlesbase