23 Apr The growing pains of small businesses
Innovation is a major part of business and technology, especially for small to medium sized businesses (SMB) as major legislation from the government continues to shake up the landscape.
Although one thing does remain certain is that the more a business can expand the better. According to Inc Magazine, expansion of small businesses or startups can seem much like being a teenager in that it can, oftentimes, be measured in growing pains and changes.
The magazine uses CleanScapes as an example. The Seattle-based company originally started as an exterior cleaning service and then grew to an even larger garbage collection company that operates on a pay-as-you-throw business model.
Being able to identify different opportunities for growth similar to CleanScapes' is one of the signs of a small business in the middle of maturation, according to Inc. The magazine states that once a business has set its roots in an industry it may begin to see how it functions or malfunctions, which can create many opportunities for expansion.
Furthermore, these new insights into the industry can help create differentiating factors. As companies develop and mature, their differentiators start to come out. Inc goes on to explain that "disruptive innovation," which is a way to approach an old problem with a new solution, is a way for companies to differentiate themselves and a sign of developing an identity.
Although all these developments mark change – which is imperative for many small businesses to expand – it's important for SMBs to maintain a dynamic database software to keep track of the day-to-day essentials amidst all this innovation. By seeking FileMaker consultants for custom application development, companies in the middle of puberty stand a better chance at developing than others.