In microeconomics, Economies of Scale are the cost advantages businesses create by producing on a larger scale, which generally decreases costs per unit.
During a recent client call, I was struck by her phrase “economies of small.” She works with a small but vibrant organization and values the agility it provides for her. As she spoke, I couldn’t help but nod my head in agreement.
Can you be effective if you are small? Absolutely! In some ways your home, ministry or business being small creates more opportunities for effectiveness. Recently, auto manufacturing giant General Motors (GM) enacted a global recall of vehicles with a possible faulty ignition switch. It cost the company billions of dollars but could potentially save many lives. Despite the size of GM and the scope of the recall, the law firm that handled the case, The Cooper Firm, consisted of only a few lawyers and a couple of paralegals.( http://thecooperfirm.com/about-us/lance-cooper/)
Operating simply or being small, does not imply small impact. As a business or ministry leader, you can have a very large impact if you can keep yourself from functioning in a “small-minded” mindset.
After my client conversation, I began to think about the benefits and pitfalls of my own version of the “Economies of Small.” This three part series will explore three dangerous pitfalls.
(Subscribe here to the Way of Life Coaching blog and receive the next part of this series in your inbox!)