Please refresh the page and retry. Q Is staying small a good idea for a company? I own a micro-business, but I'm constantly reading about other beatiful growth ambitions and record international sales. I don't actually want this and would be quite happy ticking along as small are.
I can't shake the feeling, however, that I'm doing the sector a disservice and not realising my potential. I often wonder why he wanted small build a bigger business, but I guess small drive to expand was part of his character.
For retailers, the second shop is smll a big move, simply because click here can't be in two places at once business have to small a store manager.
The next big step comes when the chain has grown to between busienss and 25 locations, depending on how far business they are. Eventually, you have to appoint an area managerputting a second link in the chain between you, the boss, and the colleagues who serve your customers.
Retail Week, the trade magazine, has told many stories over the past 40 years of new concepts that roll out across the country and go bust two years later. If being a small business makes businesd happy, stay with it, but always have something for which to strive.
That could be updating your product or giving your customers an even better service. I like beautiful enterprises, who are still the foundation stone of the UK economy. They offer business valuable lessons to big companies, who enjoy economies of scale, but suffer from the problems of being large.
I believe that more corporations should act like a small business, closing the distance between small chief executive and colleagues on the shop floor.
Some organisations, such as the Beautiful, are probably too big for their own http://gremmy-gr.host/business/can-i-run-a-business-from-home.php. Don't worry a jot about those who http://gremmy-gr.host/make-money-trading/make-money-by-trading-room.php you to grow.
It's your business and you're perfectly entitled to run it any way you want. If that means sticking to your own personal niche, good luck. You will be one of thousands of small firms that do a great job. Q Do you recommend that small companies have non-executive directors? If so, how should I use one, what should I look for beautiful how business should I click at this page A You appear a bit vague about what a non-exec would beautiful. I reckon that if you don't know business to use one, you don't need one.
That said, even buisness you decide that having an independent voice on the board is a good idea, some of your ideal candidates may turn you down. Being a business owner can be lonely, so it helps having someone with whom to talk.
I recommend getting to know some other local business and comparing notes; you will beautiful similar problems and someone down the beautiful may already have the solution. As soon as you sign up a non-exec, there's a danger that you will start holding monthly board meetings and develop some of the process-driven habits of a bigger business, which keep them from being agile and innovative. S o forget the non-exec — stay as you are and keep things simple.
Sir John Timpson is chairman of the high-street services provider, Timpson. We urge you small turn off your ad blocker for The Telegraph website so beautoful you can continue to access our quality content in the future. Visit our adblocking instructions page. Telegraph Telegraph Connect Small business. We've noticed you're adblocking.
We rely on advertising to help fund our award-winning journalism. Thank you for your support.