How can small businesses survive in this economy? The larger firms seem to be doing well -- to the point that many of their bank accounts are bulging! Meanwhile the small firms have cob webs in their accounts. Some medium-sized firms are struggling, too, but the smaller ones seem to be hurt the worst.
Since large firms are currently flush with cash, why couldn't the larger firms utilize the expertise and services of the smaller firms, which would be a great way to circulate funds in the communities. If smaller firms were being put to work by larger ones, the small businesses could hire employees, benefitting even more people in our communities.
Why wouldn't this work? As an example, let's say that a big firm like Duke Energy or Wells Fargo recognize a need for "Leadership Development Training", and they hire our firm to provide this training. If there were many people within Wells Fargo to be trained, we could use multiple trainers or coaches to address this service, thereby providing business activity for our small firm, as well as our hiring of others.
This is how such a "trickle-down process" could benefit a community full of small businesses. Charlotte has many large firms, who possess the finances that would enable such a scenario. How do we get large firms to open up to this idea? Can they not see how positively they (the large firms) could impact our community's economy?
How do we get this from being an idea to becoming a reality? Companies who would step up and utilize the small firms in town could become our community's "heros"!!!! Why couldn't this be feasible? Why wouldn't large firms want to do this? Comments?
Robyn Crigger, CEO
Compass Career Management Solutions - OI Partners Inc.
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