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One of our most recent projects reminded me about the never-ending layers of bureaucracy and the slug-like speed at which things are sometimes accomplished (if that truly ever happens) in large corporations. This sort of thing can be somewhat frustrating for a virtual company proponent. Nevertheless, it has inspired me to keep a running list in my mind (and now here) on the slow & stodgy traits of the big boys vs. those of the small and nimble. Which list describes your business?

Does your business have these Slow & Stodgy Traits?

  1. Unnecessary people, doing unnecessary tasks, collecting unnecessary paychecks
  2. Very little ability to innovate because of past decisions and investments in software technology that limit growth potential
  3. Old, outdated processes created for reasons no one can now recall
  4. Invested in equipment that now sits in a storage room instead of selling it to create a profit
  5. Never questions the status quo or comparing your company to the best in class
  6. Employs those who prefer to impress the boss instead of doing what’s right
  7. Discounts the inherent wealth of knowledge buried within the company
  8. Builds silos, management layers and territories who operate independent of the larger organization and cannot share resources easily or effectively

Or are you one of the Small & Nimble who:

  1. Have the ability to turn on a dime – creating quick, workable solutions which solve client’s challenges
  2. Opt for the best in class which is not always the most expensive option
  3. Decide at the outset to build a company which will remain virtual and profitable
  4. Allow for smart and calculated growth
  5. Automate 90% of what they do
  6. Limit the number of full-time employees – as they consider this model to be outdated
  7. Are never afraid to toss out something that’s not working
  8. Constantly ask whether they can do better and improve the process and returns
  9. Run a company with a skeleton crew
  10. Plan, automate, improve, repeat.

Growth and profitability does not always mean that a company becomes weighted down and ineffective. Start now to build your company so that it stays lean and smart.