It used to be that only very large businesses had the financial means to compete in the marketplace. But computerization and use of the Internet has given small organizations the tools to be part of the global marketplace.
In Canada, more jobs are being created by small businesses than large corporations.
Small businesses are growing faster than their bigger counterparts. Why?
- The Internet allows small companies to advertise equally with big companies.
- They can profit in specialized markets--markets too small for big business that has to sell to millions of people to be profitable.
- Small organizations can change quickly if necessary. It’s hard for a big business to "turn on a dime."
- Small organizations can be more innovative, particularly with respect to technology. Because a small company can change quickly, it can take advantage of new ideas faster than a big one.
What does this mean for you? Expect to:
- Find more work opportunities with small companies.
- Be able to handle increased responsibilities on the job. Employees in small companies usually have many tasks.
- Learn how to be multi-skilled. You will have varied tasks requiring different kinds of skills.
- Be knowledgeable about the "big picture" of your industry and employer, not just your particular area of work.
- Be flexible. Small companies survive by being able to respond quickly to change.