Think and Act Like a Big Company
Think and Act Like a Big Company
The principle of "thinking and acting like a big company" is a mindset that encourages small businesses and even one-person operations to build the systems and processes that will allow them to grow.
The Mindset
- Systems Thinking: Focus on building robust systems and processes for every aspect of the business.
- Scalability: Always ask, "Would this work if we were ten times our current size?"
- Documentation: Document Everything as if you were creating a training manual for a large number of new hires.
- Professionalism: Adhere to high standards of professionalism in all internal and external interactions.
The Benefits
- Faster Growth: Companies that build a strong foundation of systems and processes are able to grow faster and more sustainably.
- Reduced Chaos: A systems-based approach reduces the chaos and firefighting that is common in small businesses.
- Increased Value: A business with well-documented systems is more valuable and easier to sell.
This mindset is the driving force behind the development of The Three Ps (Planning, Procedures, and Policies).