Roughly three quarters of the business world is made up of businesses that contain fewer than 200 workers. So why apply rigid corporate hierarchies to them all? Small businesses work better when they’re agile. People work better when they work together.
The information age has proven one thing time and time again: the old ways of doing business are dead. The rigid hierarchies and top-down management styles of yesteryear have been supplanted by faster, more agile, more rewarding flat structures and non-hierarchical collaborations working together in partnership.
We believe that no small business can afford to micromanage its people. Micromanagement is inefficient, costly, and time consuming. Worst of all, it holds creative individuals back and reduces peoples’ incentives to work.
The traditional ‘corporate’ structure is based on an antiquated ‘master and slave’ relationship that encourages employees to please the boss, not serve their customers.
In partnership models, everyone –whatever their functional role or experience — works together as equals, each earning and giving respect. People report higher levels of satisfaction and work harder in businesses where people don’t ‘pull rank’.
Partnerships build shared ownership. Rewarding people for their work and profit sharing is a much more robust business structure. In a downturn, an old fashioned traditional business suffers a big hit while employees and the taxman carry on taking their cut. Partnerships are more financially flexible, allowing for investment and encouraging partners to work harder to achieve real results.
Partnerships work. Being part of a team working towards a common goal is the essence of a partnership. Working independently, but collaboratively, towards a common goal is the key to modern business success.