27 May Size Does Matter: Benefits of Working for a Small Business
The landscape of business is always shifting and the days of guaranteed stability are over when it comes to job security. No doubt, this is an issue for employees who work for large or small companies, but many have trumpeted job security as one of the primary perks of employment at an established, sizable business. Fair enough. Still there are trade-offs worth examining. Large companies are built upon extensive personnel. Some heavily rely on their labor force consisting of a certain number in order to sustain day-to-day functioning. Others have complex structures of interconnecting departments that rely on a certain number of employees to execute operations. In these environments, employees who fulfill a designated role based on their skill set and knowledge are contributing to a larger machine, validated by their paycheck.
Here’s where the trade-offs come in:
Working professionals, no matter their trade or expertise, want to be valued. They want to feel on some level their role is meaningful to the operation. In larger environments, this isn’t easily realized based on sheer staff size or other interpersonal factors. Depending on the dynamics, individual acknowledgment is much harder to come by, except in cases where performance is being evaluated. A strong and consistent level of performance may be overlooked or undervalued. Competition strains the environment, creating an unhealthy culture that many workplaces are dealing with (reeling in the occasional consultant). With a small business, the environment is not only more contained, a completely different set of rules or norms are at play that are quite appealing to employees, and have steered a lot of career-oriented people toward the small business environment.
Here are 3 key benefits of working for a small business:
Value as a Team Player:
Your role and performance is more significant. If your operation is lean and mean, everyone is integral to the mission. Stepping it up a notch, you might work in an environment where colleagues consider each other “family” and when issues come up, conflict-resolution is given priority. Problems can be talked through with heightened awareness of a coworker’s mindset, approach to the job, how that supports (or clashes) with other team members. Less people means less “noise” to cut through and problem solving is often more effective.
If you run a small business, good news: smaller businesses have the upper hand when it comes to public perception. Studies have shown people are less trusting of big business and tag them as unethical. They’re not perceived as being customer-centric. By and large, smaller companies have a more appealing aura, and many gravitate to smaller operations because they feel the level of attention and care will be much higher and more genuine. This favorable outlook gives mid-to-small operations an edge in the marketplace.
Flexibility is usually structured into the small business model. Ask any start-up, you’ll quickly learn progress and risk-taking go hand-in-hand. Cutting-edge, high-tech, innovation … whatever the terminology, it’s a blueprint for building a viable, competitive entity. If you’re managing a small team, you understand this perfectly and look forward to those creative meetings where new ideas are tossed around the room.
New start-up? Ready to get your operation off the ground? Or want more benefits to working for a small business? Check out our Spark! program and see how we can help grow your business.