Episode 83: Why Staying Small Can Be A Great Business Strategy

In the last episode of Build, Paul Jarvis who is the author of Company of One and I, challenged the commonly held myth that that you need to you need to keep growing and scaling your company, otherwise you’re not innovating and you’ll soon start to stagnate.   We also debunked myths related to it such as falling prey to a big competitor and needing to be a leader who cannot fail.   The big takeaway was to question growth for growth’s sake.   The episode might also have brought up a number of questions for you like, “What about me? I work in a BIG company! Does that mean I’m not innovative? Do I need to run a one-person business? Do I have to be ant-growth?”   Absolutely not!   The Company of One doesn’t mean to be prescriptive or claim that there is only one way of doing business. Rather it’s building awareness for what is changing, and how those changes could help you. For example, if you are looking for more flexibility and freedom, you could work remotely or you could build a lifestyle business.   And if you’re still wondering, “How Poornima and Paul? How do I do these things?”  Well, tune into today’s episode. In it, we share some of Paul’s proven best practices.   As you tune in to this episode you’ll learn the following from Paul:   Why studies of companies often deviate from best practices, and what really happens when companies grow too quickly Why Paul killed off profitable products and lines of business The “gotcha” moments Paul went through as he was building his company—how they have served as proof for his best practices How you can apply the Company of One mindset to a big company   “A company of one isn’t just a one-person business. It’s not anti-growth or anti-revenue. It’s just a business that questions whether growth is right for founders, employees, and customers, and for the long term success of the business.” — Paul Jarvis   Want  to receive a copy of Paul’s upcoming book Company of One?   If you become a patron of Build on Patreon at the Silver or Gold tiers, I’ll make sure you receive an e-book copy of Paul’s book as well books from other authors I feature on the show. And if you’re one of those who loves a signed copy of a hardcover, then consider being a Platinum Patron. To become a patron visit Build’s Patreon page here.   -- Build is brought to you by Femgineer (http://femgineer.com/). --  Femgineer's Confident Communicator Course 2019 is coming up! To learn more visit: https://femgineer.com/confident-communicator-course/ --  Enjoyed this episode and want to support the show? To become a patron of the show visit: https://www.patreon.com/build