Pragmatic Technologies for Life and Business Success®
Seth Godin, author of several great marketing books, talks about why small is the new big. He illustrates several examples as to how companies strive to become big and fast but many lose their market share to smaller companies who are often more profitable. So what are some of the benefits of being small according to Seth?
Small means the founder makes a far greater percentage of the customer interactions.
Small means the founder is close to the decisions that matter and can make them, quickly.
Small is the new big because small gives you the flexibility to change the business model when your competition changes theirs.
Small means you can tell the truth on your blog.
Small means that you can answer email from your customers.
Small means that you will outsource the boring, low-impact stuff like manufacturing and shipping and billing and packing to others, while you keep the power because you invent the remarkable and tell stories to people who want to hear them.
A small law firm or accounting firm or ad agency is succeeding because they’re good, not because they’re big. So smart small companies are happy to hire them.
A small restaurant has an owner who greets you by name.
A small venture fund doesn’t have to fund big bad ideas in order to get capital doing work. They can make small investments in tiny companies with good (big) ideas.
A small church has a minister with the time to visit you in the hospital when you’re sick.