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The Trade-offs of Small Business

Thursday, May 15, 2014 11:39 pm - by Everest
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When you’re trying to find a company that’s a great fit for you, there’s a lot to consider. For one thing, there’s the product or service that the company provides. Is it a different industry than you’re used to working in? Is it a product or service that you’re excited about or at least interested  in? When you’re trying to figure out the next step forward in your job search, the best way to proceed is to figure out what you want out of the job that you’re looking for. One of the biggest factors in the sort of work environment you’ll have and the work you’ll be doing for a company, is the size of that company. Do you prefer to work closely with a small team or by yourself within a large one? Do you want to see the impact of your work effect the bottom line of your company or would you rather see a promotion from your efforts? These are just some of the things that you should consider when deciding whether a small company or a large company is right for you. 

One of the best things about working for a small company is the close relationship that your work has to operational success. Unlike at a large company, you might be one of the only people working on creating a web presence for your business or re-vamping your product. This, however can be a double edged sword. Working for a small business usually means making do with fewer resources and this can mean that you end up doing a whole lot of stuff that’s not in your job description. If the idea of branching out from the role that you’re used to is an appealing one, then working for a small business could be perfect for you.

There are some trade-offs that you make when you decide to work for a small company, however. According to an article from CareerRealism, “companies with fewer than 100 employees pay 36% less for wages and salaries and 57% less for benefits than companies with 500 workers or more.” Besides less money, there is usually a whole lot less room for advancement within small companies. This goes double for family owned businesses. If you care about moving up through the ranks, make sure that sharing a name with the owner isn’t a requirement.



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