I recently got sucked into the HBO series that detailed the training of Manny Pacquiao and Antonio Margarito for their November 13th fight. Not surprisingly, Pacquiao won the fight. Yeah, he is smaller that Margarito, but he is also a lot faster. I was immediately struck by the parallel to this fight and the battle that small businesses go into everyday. Sure, we are smaller..but we are also faster. Here's what that gives us:
1. We can make an innovative mover faster.
When big corporations have an innovative idea, it takes a long time to everyone in the company to get on the same page. With small businesses, it takes a lot less planning..which means small businesses have the ability to lead in innovation and technological progress.
2. We have the ability to adjust faster.
When you are the leader of technological progress, there are occasions where you try something out, and it just doesn't work well. Unlike corporate mistakes, small businesses can adjust a lot quicker and cheaper.
Small businesses have some disadvantages over big business...However, some times those weaknesses can actually be turned into strengths if used correctly.
As always, I'd love to hear your thoughts..you can reach me at jdanner@peoplelease.com
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