Sure, you want your company to succeed and grow as quickly as possible. After all, you’ve got territory to take over and giants to kill.
But before you start dreaming of taking their place, “take a step back and think about the advantages you have,” advise Karl Stark and Bill Stewart, Managing Directors and co-founders of strategic advisory firm Avondale. “You may discover that your much larger corporate neighbor actually wants to become more like you.”
In a guest post for Inc. Stark and Stewart offer four advantages smaller companies have over their large corporate counterparts, including nimbleness, lower cost structures, and a propensity to throw caution to the wind and take a leap (or at least a well-analyzed and planned leap). The giants may have the biggest castles, but the moat works both ways, and there’s a good deal of freedom for startups to enjoy on the outside. For more on the advantages small companies have over large corporations, read the full article here.
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Not only do small companies have advantages over their larger counterparts, they can also be better to work for. Read this post to find out five reasons why a great small company is a better employee than a great big company. Small businesses may have some unique advantages, but they also have to face different challenges. Read this OpenView Blog post to learn more about the 10 common mistakes startups and small companies should avoid.