Top Five Secrets of Small Business Success
Anita Campbell gives us a concise breakdown of a report done by Six Disciplines (PDF) on the top five traits of successful small businesses. These traits were collected by surveying 314 businesses, each with between 10 and 100 employees. A graph is included to demonstrate the point.
Many of these “secrets” are fairly obvious - it’s a no brainer that a strong business needs traits such as strong leadership, quality talent, and a disciplined approach to their business. One that did catch me off guard, however, was “effective use of trusted relationships.” Read Anita’s summary or the report to see what that means.
Regardless of whether or not these traits are obvious, the Six Disciplines report provides some tips for increasing your performance in these areas. Perhaps some of these tips can help improve the way you do business.