How Small Businesses Can Compete With Big Corporations?

1. Small businesses have great advantages when compared to big corporations. Small businesses can be nimble, agile and react to changes very quickly, where as big corporations have lot of systems, bureaucracies and on top of all these valid problems, they have politics. So big corporations cannot be nimble and react to changes as quickly as small businesses can.2. Again big corporations do all the advertising and get customers, but later when you dig further that is when you find out the guys who are actually doing a job is another small business that was sub contracted by the big corporation. People think they get reputed service provider, come on think again.3. If the same service that is done b y a good quality small business service provider, he gets business at less cost and the consumer saves as well, as he doesn’t pay for the expensive advertising that big corporations do.4. Small business need to pay attention to the technology changes that redefine the way we do business. For example e-bay, no body would have ever believed if somebody said I am ready to buy a product just by looking at the photograph 15 years ago. But Internet completely changed everything, now e-bay is the biggest success story of the Internet era. You constantly hear about people who made millions just by selling stuff from their garage.5. Small business service providers need to pay attention to the new business models that are emerging, with the evolution of technology and video on the Internet business models are constantly changing.6. For example [] or [], a services market place is a very good example on how technology changes the way we do business. In the conventional world, if people need to find service providers for their service needs, they go to yellow pages, call multiple service providers, check references, get quotes from multiple service providers and then choose the right service provider. But this services market place, [] ([]) lets you post pictures and video and explain what exactly your service need is and you can invite quotes or bids from service providers. Again service providers get to build their feedback ratings, which will serve as a great tool for people looking for service providers. With all the great different models of digital cameras available, it is very easy to take a digital picture or video and explain what service you need.7. Similarly other market places like, have been very successful redefining the way we do business today.8. So small businesses, especially service providers should take advantage of this new emerging business models and use technology effectively to be profitable.9. In the future small businesses don’t even need physical locations or shops and stores to do businesses. Especially service providers all they need are a vehicle and any equipment to provide their services, it will not be a wise investment to invest in real estate to run one’s service providing business isn’t it?