There has been a major evolution for many professionals since September 2008 and the collapse of the financial world as we once knew it. It is the steady rise of micro and small business here across Metro Detroit. In 2009, when the automotive industry was challenged with bankruptcy, many in the car business shifted professional gears and started a variety of businesses that range from travel to retail to fitness.
Passion, patience and profit are now center stage as these new entrepreneurs grow in experience and success. For many individuals, working in a big business disallowed the opportunity to grow and prosper. A new direction was made possible in the middle of major economic challenges.
Dale Carnegie, once a rising solo professional who built a small business into a global success story, knew that the key ingredient to achievement is the simple act of working with those professionals who share both commonality and focus. By focusing on value, opportunity, and uniqueness, Mr. Carnegie blended his talents with others to help them succeed in the latter years of the Great Depression.
Small businesses can survive and thrive in virtually any economic situation. Funding, hiring and training are simplified because of minimal levels within the organization.
Because of the direct line from owner to employee, these businesses offer:
- Solid lines of communication
- Flexibility for change
- Opportunity for quick, yet managed growth
- Advancement opportunities
- Employee engagement
Small business is indeed the new “secret sauce” here in Michigan for manufacturing, retail, services, and agriculture. The focus on the local levels and the local economy help drive Detroit and the suburbs to new stories of success. It does take commitment, time, effort, and investment. There are also the challenges of outsourcing. The factors of organizing, contributing, production, and results allow the owner and leadership to do what they do well and hire the rest to grow slowly and effectively as the business builds.
Running a new small business is never easy, yet it can be a simple process if it is thought out and planned. Doing what others need to have done, and providing that strategy as value, is the reason why in America, 70% of businesses are small by definition. Filling a niche and strategizing toward that end help ensure that regardless of what the products and services are produced, growth is only an effort away. Dale Carnegie Training applauds this success; especially when it is done in small ways!
The big business of small business continues to grow.
This post is brought to you by the good folks at Dale Carnegie Training of Michigan, providers of professional development and management development courses and information in Michigan. We would love to connect with you on Facebook and Twitter @MICarnegie.
Photo: jzcreationsz, freedigitalphotos.net