Laura Rich of Inc Magazine is quoting the Wall Street Journal "Small Business Report" to tell us, "Small businesses are more likely to be rocked by market dynamics than their larger brethren".
Absolutely. Small businesses lack:
1. Capital
2. Human resources (not just warm bodies, but employees that matter)
3. Strategy
While it is difficult to make capital as easily accessible to small businesses as large firms, we at iProceed have learned that there are at least two areas that they can do better at:
1. Hire some good people rather than just friends and family. If you have to pay a ton of money to get that one smart guy, pay it. It is well worth the money.
2. Invest some resources into thinking about your strategy. Don't just go with the flow. Think it through.
Absolutely. Small businesses lack:
1. Capital
2. Human resources (not just warm bodies, but employees that matter)
3. Strategy
While it is difficult to make capital as easily accessible to small businesses as large firms, we at iProceed have learned that there are at least two areas that they can do better at:
1. Hire some good people rather than just friends and family. If you have to pay a ton of money to get that one smart guy, pay it. It is well worth the money.
2. Invest some resources into thinking about your strategy. Don't just go with the flow. Think it through.