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Management

Learn the key lesson from the Smart50

By Taskmaster
Thursday, 29 September 2011

TaskmasterOur friends over at SmartCompany have celebrated their annual Smart50 awards, recognising another batch of fast-growth SMEs.

 

It’s well worth poring over the profiles of the companies on the list – I bet you can extract a tip from every one if you look hard enough.

 

You’ll also see plenty of names from the StartupSmart awards – it’s great to see these guys graduating to the next level.

 

Having studied the list and knowing some of the companies involved, I want to highlight a key lesson I have picked up.

 

To my eye the thing that separates this emerging breed of companies from established players is their nimbleness.

 

They are dealing with a range of problems from patchy economic conditions through to constant technological changes.

 

That is enough to make some entrepreneurs cautious but these guys have taken a different approach.

 

They are still chasing growth but they are building in the flexibility to react to the changing environment – scale down, scale up, bring forward, delay.

 

Being able to thrive with flexibility is a huge competitive advantage. Can your business match it?

 

Get it done – today!

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