Key Facts and Insights
- Staying Small: Contrary to popular business ideology, growth isn't always beneficial. Staying small can be a strategic advantage.
- Flexibility: Small businesses have the flexibility to adapt to changing market conditions and customer needs more quickly.
- Profitability: Small businesses can often achieve higher profitability due to lower overhead costs and streamlined operations.
- Audience: Small businesses can focus on a niche audience, delivering more personalized products and services.
- Work-Life Balance: With fewer demands and pressures often associated with large companies, small business owners can enjoy a better work-life balance.
- Quality over Quantity: Prioritizing quality over rapid growth...