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Why Working In A Small Company Kicks Ass

Why Working In A Small Company Kicks Ass

Studies have shown that the happiness of a person in their job starts to decrease dramatically after the firm passes one hundred employees. What is it about small companies that makes us so happy? I can’t tell you the number of entrepreneurs that went to found their own business because life at the big company basically sucked. Opportunities you spent years building up to — gone. Credit for your efforts — nowhere. A feeling of value in the machine — hell no. My personal experience in co-founding Twoodo and knowing many people who made the switch over the years adds substance to the hypothesis.

It used to be that large companies offered security and perks that small companies couldn’t live up to. However, those old stereotypes are disappearing as small companies (past the early stage of development) are stepping up with equal or better contracts.

small-biz-office-culture

    What is a “small company” anyway?

    There’s the micro company (1 – 10 employees) and then the small company (<50 employees) (European Union). In the USA it depends more on the firm turnover. You can take a look at the overview of how every country in the world defines a small company here. Small companies are often lumped in with medium companies and called SMEs (small medium enterprises).

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    What are scientists saying about small companies?

    The paper finds that Generations X and Y are seeking equivalent values and satisfaction outcomes from SMEs. It is seeking very caring, environmentally concerned, and sensitive SMEs.Tangible and intangible benefits, empowerment and respect, workplace involvement, concern for employee welfare and supportive management are critical. (City College Thessaloniki, Greece)

    From this study, we can see that there is a shift from “climbing the corporate ladder” to searching for fulfilling and meaningful jobs. This is healthy — there is only so much room at the top in any case. It also means people aiming for jobs that they are happier in, and happier employees mean better quality work and higher proclivity to voluntarily lend a hand in times of crisis or be more flexible. Perhaps lessons handed down from our parents in the 70s, 80s, and 90s have pushed us to find more appropriate jobs, rather than jobs that have a high financial reward.  Or perhaps the expansion of the worldwide middle class has impacted on choosing our careers less out of fear and more out of satisfaction.

    What makes small companies so successful at being great places to work? 

    The secret sauce for a great small company seems to be how it is managed. Logically, it is easier to properly manage a small group of people than a large group. Here’s a table from another study that defined five statements that impacted on employee satisfaction (ref: International Human Resource Management Journal, 2007):

    1) Working here is informal and relaxed.

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    2) Working here is like being part of a team/family.

    3) Company success is shared by all employees.

    4) I would leave this company if offered another/similar job.

    5) Employees are treated fairly by management.

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    results-study-work-for-small-company

      The conclusions from this show that people generally:

      • don’t want a highly-formalized workplace.
      • have an emotional need to feel like an integral part of the success of the company.
      • need to feel appreciated and close to their work colleagues.
      • react well if they perceive management to treat everyone equally.

      It really boils down to a question you must ask yourself every day: WHY AM I DOING THIS JOB?

      Most of your (fully-functioning) adult life you are going to be at your job. It should be the perfect fit.

      A survey of 200 UK graduates commissioned by Give A Grad A Go found:

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      • 91% believed big corporations paid more.
      • 79% felt they provided greater job security.
      • 74% felt they offered better career progression. 

      But they felt that SMEs:

      • encouraged creativity in the workplace (95%).
      • provided greater job satisfaction (82%).
      • encouraged a better work ethic (75%).
      • provide a better work-life balance.

      does-management-notice-me

        Does management notice me?

        Not only will working in a small company give you access to all levels of management, but decisions will be made faster and progression will be more visible. Your part in the operation will be more obvious and therefore more motivating. You won’t be restricted by department or hierarchy. Ideas on the fly can be pitched and discussed without needing to book formal meetings with the boss-man. The inevitable variety of the job will also keep your mind stimulated (and improve your general learning capabilities).

        AND — you get to skip all those corporate networking events :D

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        Last Updated on March 12, 2019

        20 Inspiring Vision Statement Examples (2019 Updated)

        20 Inspiring Vision Statement Examples (2019 Updated)

        There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

        What Is a Vision Statement?

        A vision statement is like a photograph of your future business, which gives your business shape and direction.

        A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

        If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

        You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

        The Importance of a Vision Statement

        Without a vision statement, your business will lack motivation to keep going.

        If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

        The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

        Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

        How to Craft an Inspiring Vision Statement

        1. Dream big and use clear language

        An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

        • Imagine how you want the business to be like in five to ten years.
        • Infuse the business’ values in the statement.
        • Make sure that the statement is implying a clear focus for the business.
        • Write your vision statement in the present tense.
        • Use clear and concise language.
        • Ensure the statement is easily understood.

        There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

        2. Get inspirations from the successful companies.

        Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

        Short vision statements made up of a few words only:

        1. Disney

        To make people happy.

        2. Oxfam

        A just world without poverty.

        3. Ikea

        To create a better every day life for the many people.

        Quantitative statements are based on numbers, quantities:

        4. Microsoft

        Empower every person and every organization on the planet to achieve more.

          5. Nike

          Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

            Qualitative statements are based on qualities that you want to have:

            6. Ford

            People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

            7. Avon

            To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

            Competitor based statements – this type is becoming less common, but famous examples are:

            8. Honda – in 1970

            We will destroy Yamaha.

            9. Nike – in 1960s

            Crush Adidas.

              10. Philip Morris – in 1950s

              Knock off RJR as the number one tobacco  company in the world.

              Role Model Vision Statements – using another company as an example:

              11. Stanford University – in the past

              To become the Harvard of the West.

              12. Reach for Success – in the past

              To become the next Tony Robbins in self development.

              Internal Transformations vision statements:

              13. Apple

              To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

              14. Giro Sport Design

              To make sure that riding is the best part of a great life.

              15. Tesla

              To accelerate the world’s transition to sustainable energy.

              16. Sony

              To be a company that inspires and fulfills your curiosity.

              17. Facebook

              To give people the power to share and make the world more open and connected.

                Longer and more detailed vision statement:

                18. Walmart

                To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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                19. Coca Cola

                To achieve sustainable growth, we have established a vision with clear goals:

                Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

                People: Being a great place to work where people are inspired to be the best they can be.

                Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

                Partners: Nurturing a winning network of partners and building mutual loyalty.

                Planet: Being a responsible global citizen that makes a difference.

                  20. Heinz

                  Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

                  The Bottom Line

                  Remember, always keep your vision statement up-to-date to direct your company’s actions.

                  Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

                  Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

                  Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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                  To your success!

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