Posts Tagged "staying small"

The Benefits of Staying Small

Posted by on Dec 16, 2015 in Blog

The Benefits of Staying Small

When you start your own business, there is an aim to grow. Perhaps you want to have outlets or offices all over the nation, or become a global corporation? Maybe it’s about increasing the size of the premises you’re in, or employing a team of workers? Most networking groups and seminars you may attend, also tend to be focussed on growth, on getting bigger. While it seems an obvious goal to aim for, perhaps it’s not the way your business should be heading. This article introduces the idea that staying small can allow you to have a better lifestyle and still be considerably profitable. One of the perspectives is that growing a business comes with hurdles and setbacks. Growth means more staff, more paperwork, and the very likely possibility that where you had started to become profitable, you step into a place where you may be bigger, but your costs are exceeding your income. You do know this will pass, you’ve been there before. Is it the way you want to go, though? Another important element often discussed because of how essential it is for the survival is your niche. Niching is the idea of focussing your products and...

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