Big Business vs. Small Business

from Seth’s Blog

Small companies create almost all the jobs. They are the insurgents, the agents of change.

Big companies are a backbone, reliable providers of goods and services. Big companies operate at a scale that most of us can’t even imagine.

The two points of view often conflict. And each can learn from the other.

Net neutrality is an argument between freedom of innovation by small business vs. control from big business.

Campaign finance reform is an argument against big companies and their leaders buying the outcomes of elections.

It’s not always about capitalism vs. the alternative. It’s often about the status quo vs. what’s next.

Worth noting: A small business is not a big business that hasn’t grown up yet. It’s different. A small business has an owner, someone who can make decisions without meetings, who can listen to customers and who can embrace the work at hand.

If you run a small business, I hope you’ll check out the new workshop from my friend and colleague Ramon Ray. The folks at Akimbo are working with Ramon to help connect small business people on their journey to making a bigger impact. It works better together.

More here.

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31 Comments

  1. The distinction between a big business and a small business is something that I know that I often overlook. To me, a small business is just the small ma-and-pa shop around the corner from my house or the locally owned restaurant located right in the middle of town that everyone loves to go to. Big businesses, on the other hand, are the Amazons, Apples, and Walmarts of the world. The huge business enterprises that expand all throughout the globe with hundreds of millions of customers. While this difference may be correct, there’s a lot more that goes into the distinction between the two groups of businesses. As Seth Godin states in his article, the comparison of small and big businesses is more than that of success and making it to the big leagues. They are in classes entirely of their own and should be treated with a respectful distinction for the roles they play in our everyday lives.

    Both small businesses and large businesses impact the world around them. Large businesses, such as Amazon, have a much bigger range of influence on the world, but the impact the small businesses make a huge difference in their sliver of the world. When I was in high school, there were many charity sports events or dances to raise money that had sponsorship opportunities where companies could put their name on a shirt or pamphlet in exchange for an amply sized donation. Almost every year, my friends and I would go to these events and buy shirts or hats or bake-sale goods that sent all the proceeds to a charitable organization. Although large businesses contribute significantly to charitable causes as well, the items were always littered with hundreds of small businesses that together had a huge impact on the community they were donating to, whether it be the Breast Cancer Foundation or a similar organization. I know that I am much more inclined to utilize a business’s services or products if they donate to a reputable charitable organization.

    Many large businesses, such as a grocery store I worked at for a few years, participate in many charity or donation events with customers. While some proceeds to go to a national charity organization, most go to local township committees to fight things like homelessness. Because these big businesses have many more consumers available, more charitable revenues can be acquired. At the grocery store I worked at, there is almost always an option at the pin pad when paying to donate some change or a few dollars to a charity. When many people donate just a single dollar, it adds up to an incredible amount of money. Something that I was not aware of until recently, however, is how some corporations receive large tax deductions for charitable donations. If the large companies break a certain threshold, they are eligible for these reductions. When a customer decides to donate a few dollars, the company takes this money and donates it under their name, not the customers. This means that some large corporations may abuse the generosity of their customers for their personal benefit. Most small businesses, however, do not have the customer-base available to use this sort of tactic. When a small business makes a donation, it is most often coming directly from their profits, not their customers’ pockets.

  2. I believe the author of this article is right when he says that small businesses create almost all jobs. It makes sense logically too, as small businesses are more likely to hire locally, as they do not have the reach big businesses do. I think the statement that big businesses are the backbone of America is extremely subjective and can be wrong in some respects, depending on how you interpret it. While it is true that big companies provide much of the goods and services Americans use on a daily basis, I wouldn’t classify that as the “backbone” of America. The backbone of American to me takes the form of the small businesses that provide unique flavor and culture to their specific region of America. As the article states, small businesses usually have local owners, and for this reason they are more entrenched in the social fabric of the community they inhabit. This makes them infinitely more integral to the structure of American society than a major company like Amazon, who has grown beyond the confines of the American market, into Europe and beyond. This is not to say that big businesses are inherently, bad. They offer necessary services that keep countries like the United States functioning. The main issue these companies pose is the threat of undue influence on both the market and the government. This is especially pressing in our current global situation, as small companies are being forced to close due to government restrictions as well as the decreased traffic of customers. In this vacuum, big companies have begun to sweep in and expand their influence even further. This poses a clear threat to the average consumer, as the few small businesses that are left will have less competitive value.

    In the next section of the article, the author talks about big business and their ability to influence the outcome of elections with their money. I think that big businesses should be prohibited from doing this as it undercuts the core principles of out republic. Just as the outcome of the election should not be determined by a few densely populated cities, a few major corporations should not be allowed to buy their way into favor with whoever candidate wins the election.

  3. I grew up in the world of small businesses. My father owns and runs a small business, so from a young age I have learned a lot about what goes into running a business. I think a lot of individuals view small businesses as being less successful than big companies or businesses just based of their size and scope. This could not be farther from the truth. Small businesses generally provide a more unique and personal experience. While big businesses have the power to create a lot more jobs, small businesses generate a lot of jobs for locals. Small businesses often work hand in hand with big businesses as well. My fathers business for instance, is an auto repair shop so he relies on the big companies for the necessary parts needed to fix the vehicles, while the big businesses rely on small businesses like his to buy parts from them. Small businesses often offer a lot of support and benefit to their communities as well. It provides jobs for locals, keeps the money in the local economy and they often do events to give back to their communities too. Being as I grew up with my fathers business I have seen how things run, but I have also worked for a big company while in high school so I have gathered the major differences between the two. For small businesses, things are often a lot more personal. Most owners and employees know the customers by name and even a lot about them. There is more of a relationship between the owner and customers. Working for a big business, things are a lot less personal and more straight down to business. Not only is the customer and owner relationship more personal with small businesses, I would say that being an employee for a small business there is a stronger personal connection as well. In Seth’s Blog he says, “A small business is not a big business that hasn’t grown up yet. It’s different. A small business has an owner, someone who can make decisions without meetings, who can listen to customers and who can embrace the work at hand.” I think this is really true to small business and many individuals definitely have this misconception that small businesses are just businesses that have not grown yet.

  4. Both big and small businesses are essential to our economy, and I think it is important to notice the difference between them. Small businesses create majority of the jobs in the U.S., and even the world, employing millions of people. Big businesses are the reliable businesses that help supply goods and services in bulk. I personally know many people that have started their own companies or have worked for small businesses, and I also know many people that work for huge corporations as well. I believe that there are benefits and downsides to both types of businesses. In small businesses, it is a lot more personable. The boss is usually working at the store, talking to customers and creating relationships with the customers. This is a huge upside for small businesses and could be a major reason many people choose smaller businesses over bigger ones. One major aspect about small businesses is the reach that the business expands to. Many times, these businesses are only in one, or even a few towns, and that is all. And since the businesses are small, it is more difficult for t employees to move up and try to make more money. That is also why these small businesses are often steppingstones for people that expect to expand and make more money, where they ultimately move to a big business. Now for big businesses, as I stated, it is much easier for employees to move up and earn more money. Big corporations make more money and are able to support themselves, while paying their employees more. Big businesses will always be prevalent because they supply such a large part of services and goods to the world. A negative about big businesses would be one the biggest positives about small businesses, and that is the personability. These large companies are very corporate and may lead to them treating their employees worse than a small company would. The employees at smaller companies also create a personal connection to their customers unlike many large businesses, which can cause these customers to come back due to that personal connection. I currently am employed at a Starbucks, which is a big business who is very corporate, and the employees take pride in creating relationships with the customers. Many customers are regulars and have created bonds with all of the workers which makes them come back every day, Starbucks is honestly one of the few big companies that I know of to do that, and it is a very smart business move.

  5. The distinction between small businesses and large companies is a difference that needs to be considered when determining the vital roles each plays within the market. I like that Seth points out that the perspectives of small businesses and large companies often conflict, yet each can learn from one another. Personally, I enjoy the model of smaller businesses more than that of larger businesses. I work for a local hardware store within my community, and I personally prefer to work there rather than a large chain, such as Home Depot or Lowe’s. It is an often occurrence that a customer or contractor comes into the store and knows the manager(s) personally. The employees are more knowledgeable, more hospitable to customers, and are overall kinder and more caring to one another. Customers who have come into the store have told me and other employees on many occasions that they strongly prefer coming to the local store over Home Depot or Lowe’s for these very reasons. The employees at the larger companies often do not know where items are, they have little willingness to help, and they could not help anyway because they have little knowledge of the material in the first place.

    Seth mentioning large companies and their leaders buying the outcomes of elections is also an important message which stands out to me. This is a practice which I believe to be an infringement on the democratic process of the republic. Politicians sway their beliefs depending on who pays them the most. This is also a contributing factor as to why younger people tend to have little faith in the process of the republic; they believe the people who are supposed to represent them are bought out by corporations who lobby and spend hundreds of thousands to millions of dollars to get what they want. The oil industry, I believe, is very guilty of this behavior. After all, how can one sensibly speak of “clean coal”? Their pockets must be stuffed to the brim with lobbying money if they are going to speak of such nonsense. Lobbying is a practice which needs to be dismantled; it is simply bribery under another name. Upon dismantling lobbying, a larger amount of people may have more faith in their government.

  6. The difference between small businesses and large business is something the world needs to take note of. When I think of a small business, I think of places such as McDonalds or an auto repair place such as state tire. Although most people do not put much thought into these small businesses, they do have a major impact on people’s day-to-day lives. For example, if your car breaks down while you are driving or you get a nail in your tire, you can get a tow truck to tow your car to a state tire. You see an auto repair place generally on most roads. I know I personally live near at least 2 and I know exactly how to get to them just in case I have car issues. I believe we underestimate the importance and significance of these small businesses because they really can come in handy.
    There are many well known big businesses, such as amazon and apple, that are considered “big” because they have a more worldwide influence. You see everyone walking around with a cellular device, and generally they are iphones. Amazon is the biggest and most used online shopping website. As someone who worked in an amazon warehouse over the summer, I have seen all the boxes and all the trucks that deliver to as far as Virginia and along the east coast. These bigger companies may help smaller businesses by allowing them to sell their products. For example, apple products are seen in BestBuy’s as well as Verizon stores, even though those businesses did not create the product. In this example, we see that a bigger business is giving a smaller business customers by selling a well known product. Something Seth said in his blog that stuck out to me is his difference in small vs big businesses. He states that smaller businesses have a direct owner and deal with customers issues. Clearly, businesses, big or small, play their own important role in society and that needs to be recognized by the general public.

  7. The difference between small and big businesses is something that people do not really think is a big deal and often overlook, which I can say that I am guilty of myself. I never realized until I read this article the huge impact that small businesses have. Small businesses are most likely always the ones that create the most jobs for people. When I think of the distinction between small and big businesses, I compare a corner store, a small business, to a corporation such as Apple, a big business. Rarely do you ever see that big corporations are hiring to people that want a job locally because of the fact that small businesses hire locally. Speaking from experience, I have been looking for a new job, and I have applied to a few small businesses such as local delis in my town, carters, restaurants, etc. The impact that businesses as a whole have on the world is very large and people tend to look past the importance of them and everything that they do to serve America.
    Big businesses and corporations usually are the ones that are worldwide and impact a large region or area. Whereas small business are the ones that impact only a little amount of area but with a very large impact. As mentioned in the article, “Big companies are a backbone, reliable providers of goods and services.” While this is very true that big companies supply all the good and services, without small companies their job would be not nearly as easy. Small businesses are the ones that create the change. When it comes to the way that businesses are ran, the difference between the way a small and a big business are ran are completely different. Big businesses usually are run by more than one person and have to have meetings and people have to agree on change before the change is implanted. In contrast, small companies are usually ran by one distinct owner that can make his or her own decisions without consulting anyone else.
    Everyone is always so concerned with the differences between the two kinds of businesses, but at the end of the day they work together to help and better the country that we live in. Despite all the differences they still work to help one another. The two kinds of businesses must work together in order to help the whole world, and benefit locally and worldwide.

  8. Small Business, and big business are both equally important to the economy. To me, Small business have always been more important than big businesses. Bigger businesses have a totally different environment than small ones do. In a smaller business everyone knows each other. While bigger business are very spread out and employees might not even know each other. This makes it harder to have a nice work environment, and even to build relationships with customers. Smaller businesses are more for local people to use. Whenever I shop, or even eat food I always try to go to the local, smaller places. Weather it is on vacation, or just traveling through the states. All small businesses have their own special culture. Matter a fact the best places to eat are little places that my family and I call “a hole in the wall.” I like how Seth said that small businesses usually have one owner who does not have to have a meeting to make a decision. This gives these smaller places the freedom to express what they are doing in anyway. The is reason why people like small businesses so much is because they are all different, and they are all people who are in the moment just like us. It can be frustrating buying stuff from someone you have no clue about, that probably was not made special and with care because they make millions of them. Although big companies are very important, they are more likely to not care about their customers; They only care about money and trying not to be held liable for anything, One problem is that small businesses is that they usually only have a certain range of where they can reach out to. That is why supporting local small businesses are important. These smaller businesses do not have the opportunity big ones do. Their names are not out there, and very known. That is why trying new places and things are important. I found my favorite store and restaurant just by wondering around, and both of those places only have a few locations in the world. The people are so loving and get to know the customers because they want to make a change. Although small and big businesses are both important, I think more people need to start shopping locally and supporting smaller or new businesses.

  9. Big business vs Small business is a topic that will always be relevant. With many big businesses out there, hogging the spotlight from all of the small businesses, said small businesses are being labeled as alternatives to the big businesses. An example of this is the trading card market. Many people would rather go to big chain businesses like Target and Walmart, instead of a small hobby shop, that specializes in selling cards. Scenarios like this have put small shops in danger of being put out of business, resulting in many people being put out of jobs and losing tons of money in the process. Big businesses, while being problematic for the small, are very important to the world. The big businesses allow quality goods of all types to be sold conveniently at one place. Another thing big businesses have over small ones, is that they have the money for advertisement and are world wide names. Back to Target and Walmart, they are American based supermarkets, but even people in other countries know about them. So when people are new to the area and they need to buy something, why would they go to a small business, when they have heard of Walmart before. Even Americans who are in a new town would likely go to a Walmart, because they are familiar with it and know they have everything. Especially with Covid going around, many small businesses are getting killed, but there are many advertisement campaigns going around encouraging people to support small businesses by shopping there.

  10. Since I am a business major, this blog instantly caught my eye. We have millions of businesses throughout our country and even more small business throughout our country as well. Both types of businesses are similar but also have some major differences. Small businesses create a lot and most of the jobs that people have in our country. Small businesses “are the insurgents, the agents of change.” Big companies are the backbone of our country because they provide tons of goods and services. They also “operate at a scale that most of us can’t even imagine.” Both types of companies can have conflict with each other, but they can also learn from each other. Net Neutrality is a big issue between the two types of businesses. Net neutrality is “an argument between freedom of innovation by small business vs. control from big business.” Campaign finance reform is a negative thing against big companies because people feel like they can buy the outcome of the elections. An interesting aspect about small businesses is a small business is only a small business until it starts to grow. Almost all big companies in our nation started as small businesses and then grew eventually in a big company. Small businesses have one owner who control everything that goes on each day and once the business gets too big, they hire more people to help run they day to day activities. This article was very interesting to read and I learned many things about small businesses and big businesses. I know now that every company has to start as a small business before they grow into a big business. I think it takes around 2-3 for a company to grow into a big business if they have success. A company that started as a small business was McDonald’s. I watched the movie “The Founder” recently and it takes the viewer through the process of how McDonalds grew into the empire it is now. McDonald’s started as small business and turned into an empire once they got lost of investors. Because of that I believe that a small business also needs investors to grow. With investors a company can gain more capital and improve areas of the business that need fixing. It is also important that a company picks the right people as investors. If someone goes into business with the wrong people it can completely ruin the whole company.

  11. I think the author of this article has a very interesting viewpoint as it is one that I do not really share. He says that “Small companies create almost all the jobs…Big companies are a backbone, reliable providers of goods and services.” While I see where his viewpoint is coming from, I simply have always thought of companies the other way. I felt as though smaller companies were the backbone to a society while bigger ones created more jobs. I thought this because I always felt as though smaller companies are more community based, meaning that they were always more geared towards members of a certain development or geographical areas. I felt as though the small businesses had more personal feels which is what really made them the backbone of a community. When you would walk into these businesses, you would know almost all of the workers there no matter what time you were to go. Cashiers, owners, even janitors you would be on a first-name basis with. This is the kind of business that I would consider more of the backbone to society. Like the author of the article said, the backbone is the reliable provider of goods and services, and I always felt as though the small companies were the reliable providers. No matter what the situation was, you could always just walk into the local store and have a conversation with the owner. I viewed these companies as the backbone more because of the personality the company’s had, rather than the actual goods or services that they provided. Meanwhile, I thought the big businesses were the ones that were creating the majority of jobs. I always just thought that, since these companies were larger, they needed more workers, and therefore created more jobs. While small businesses can create more jobs within a community, I feel as though big businesses still create more jobs in totality. One thing that I do agree with from the article is that big businesses and small businesses can learn from each other. I think big business could learn and benefit from being more personable with their customers, and small businesses could benefit from expansion and growth,

  12. Seth’s blog article, big business vs. small business, highlights the key differences between big and small businesses. He says how big businesses are the backbone of goods and services, and we see this in our everyday life. Small businesses would not survive without big businesses. At your local coffee shop who provides the coffee beans? The flour for muffins? The cups they serve you drinks in? Without big businesses there would be no small businesses to create. Small businesses service the people directly in their area. The coffee shop in Cedar Grove provides goods for Cedar Grove and the close surrounding towns, but big businesses such as Target provide goods to the whole country. Big and small businesses do have their differences with each other. Topics such as campaign finance reform is a big issue within large corporations. These large businesses with lots of money buy into political parties and gives them a lead against the opposing party. This has gone on for years, but it is not ethical. Unfortunately, the parties they support have an advantage against the opposing party, which can lead to the obvious outcome. This is also an advantage that big companies have over small businesses and why big businesses are favored by political figures. Small businesses would not survive without the help of local communities, but small businesses must fight against big businesses for their business. During the heat of COVID many businesses were advertising to purchase from small businesses instead of big businesses for the fact that small businesses would shut down if they had no business. On the contrary, big businesses had the ability to survive because of all the money they obtain and the loans that are available to them. Unfortunately, small businesses do not have the same ability to obtain loans. Big businesses, after paying political parties, have more pull to get money or the things they need. Small businesses do not have any advantage and most owners work for sweat equity. Small businesses have a huge disadvantage compared to big businesses. Owners of small businesses interact with customers, talk to employees, and create a relationship with people they meet to build their network. Big businesses do not have to do this. They meet with a select few employees and go on their way. Both a small and big businesses can be equally successful in their own way, but they are very different.

  13. There are many differences between small businesses and large businesses. Many would think that small businesses are just businesses that are not as big or have not grown to be big as large companies. My father started his company when I was around 10 years old and I have worked alongside him as I grew older helping him run the business. I also know a few close friends who have worked for big corporations, such as Amazon and Walmart etc., and the two businesses do have some similarities but there are many differences between the two. Small businesses are run by owners who are able to make their decisions without having a meeting with a board asking for permission to do something. They are also more involved with the business, trying to create social relationships with their many regular customers. Bigger companies are not so involved with making social relations with their customers, rather they are able provide their customers with goods in mass production, and are able to access more customers globally. When it comes to charity work, big and small businesses have different approaches on how they give back. Small businesses will be more hands on when giving back to their communities such as supporting the local baseball teams. While bigger companies also do their fair share of giving back to charities such as the American Red Cross, they do it through small business such as selling t-shirts and donating all proceeds to charities. In today’s economy, we are seeing many smaller companies slowly going out of business. Many bigger companies have been able to survive because of how developed they are. They are able to withstand not being open for a longer period of time due to the amount of capital they have which most smaller businesses do not have. I think it should be a main concern for people to start to support their local businesses. Without them our economy would start to crumble in front of our eyes because they provide employment for millions of people across our country and they are the stepping stone in the workforce for younger generations.

  14. I have worked for both a small business and a giant corporation that provided financial planning. In a small business, there was an emphasis on my skills to be universal. I was most effective if I could do every operation that the business undertook. I was taught how to reach out to potential clients, gather information on existing clients, come up with solutions for those clients, integrate those solutions, and do paperwork and due diligence. Because of the size, every person comes into contact with clients and gets to understand exactly what they want. Nobody is disconnected.
    For the large corporation, my only task was to come up with solutions behind-the-scenes that I would send off to agents for review. I never got to speak to clients or even listen in to a call live. However, I became hyper-specialized in that one task and could get deliverables done more than twice as fast as in my previous job. All the employees at this firm experienced a very similar environment. What that meant was a much larger client to employee ratio. This is what causes small businesses to hire more, although, the solutions were not as personalized. We fit clients into categories and had a set solution for each category.
    While I did not experience this, I believe that small businesses notice changing trends first because of their proximity to their customers. Unless you are a high net worth individual, your choice for financial planning is either a Robo advisor created by a huge firm, or the chance to sit down with a human and form a relationship with a smaller firm, or even an independent planner.
    That is why it is essential to protect small businesses. Most innovation happens there and to suppress their ability to grow is to suppress advances in service and product quality. A recent scandal is Amazon copying the products of smaller vendors before they could get a patent approved and then undercut their price and forcing them out of business, or off the platform at least. I believe that these small vendors could have gone on to improve their new products or use their creativity to come up with even more ideas. Instead, they were snuffed out by Amazon.

  15. In the United States economy, big businesses are known of the backbone of the industry providing goods and services on a large scale. Small businesses create almost all jobs and are considered a rebel revolutionary. Big businesses have a very diverse point of view compared to small businesses, and each can learn from one another. Net neutrality argues between freedom of innovation by small businesses versus control by big businesses. Moreover, campaign finance reform illustrates and argues against big businesses influence, bias, and leader buying outcomes of key elections. Often times when one works for a small business, they are considered part of the family, they have more job security, and there is loyalty between both parties of the owner and employee. Small business owners are able to make decisions on their own without meetings or consultations. In addition, they are more likely to listen to their customers, forge relationships with them and embrace the work at hand. Big businesses often lack a personal relationship with their employees. Generally, in business, leadership is reinforced with a status quo. Akimbo works with Ramon Ray to connect small business individuals to work better together and make bigger impacts. Ramon is an entrepreneur, an author, speaker, and founder of Smart Hustle Media. He offers an 80-day workshop that assists business owners in finding new approaches to their work. In addition, he illustrates how entrepreneurs can thrive by forming a strong personal brand. His workshops are a way to make connections with individuals who are searching for ways to increase their profits. Also, there is a freelance workshop which demonstrates the power of connections by exploring key issues, switching gears, and setting yourself up for success. By being customer oriented and collaborating with better clients on a personal level, an individual is able to reach their full potential, and learn about themselves and their passion to achieve success.

  16. Small businesses are often viewed as less than larger businesses for wrongful reasons. Both have tremendous effects on the economy and help to employ a large amount of people. Depending on where you are from small businesses could be the largest contributing part to your town’s local economy. Outside of cities, small businesses can be key parts for jobs to people in areas with lower populations. While in the city small businesses can also be huge employment options for the economy. In New York for example, everywhere you look you see small businesses of the sort. Large businesses still are in the area but New York provides a perfect example as to the need for both types of businesses. Big businesses can also tend to overlook small businesses but don’t seem to accept that at some point all big businesses had to start as a small business. For a small business to be viewed as equal to large businesses people need to understand both equally contribute to the economy and would not be able to survive without the other. Both have the pros and cons for going to one and cannot provide everything the other does. Small businesses also are the ones that can force change upon the market the most with new ideas and innovation to the field. Large businesses do have more say in the active economy and can influence higher people to do things to benefit both of them while small businesses don’t have that ability. I personally think we need both to strive as a society and neither is more relevant than the other and in a time like now we need to help small businesses as much as possible as they arent capable to withhold as much as the largerer business through this virus.

  17. Whenever I stumble upon Seth’ Blog, I get excited. This is because the previous two Seth’s Blog posts I’ve commented on have been great and very informative. I mentioned this in my previous comment on a Seth’s Blog post. Personally, this iteration is not as interesting as the two prior posts, but It does cover an important topic. Big business vs. small business. Seth starts this post with a powerful statement: Small companies create almost all the jobs. They are the insurgents, the agents of change. This is a very important statement. This country was founded by small businesses. Sure, while businesses grew and improved the country for the better, small business always remained a big part of the country. If action was taken against big business, small business would always be there for the people. Seth does mention that big business is the backbone of the country. This is true as well. Every person I know seems to deal with big business all the time, whether that be through Amazon or other big companies like apple, Walmart, Sony, various automobile companies, etc. We don’t realize it, but we rely on big companies. An excellent point that Seth makes is that big business and small business can learn from each other. This is a great notion to think about. The way small businesses operate is substantially different from the way big businesses do. Seth goes into this when he says , “A small business is not a big business that hasn’t grown up yet. It’s different. A small business has an owner, someone who can make decisions without meetings, who can listen to customers and who can embrace the work at hand.” My father owns a small business and he makes all the decisions. He doesn’t sit through hours of board meetings to get something done. He makes the call, and that’s how it goes. Small businesses deal with less politics than a big business would. That’s just the way it is. Though the two can learn from each other, Seth also mentions that the two points of view often conflict. When talking about change, Seth says, “It’s not always about capitalism vs. the alternative. It’s often about the status quo vs. what’s next.” People are always trying to challenge the status quo, and I believe that it’s always important to show a healthy amount of change in the way we do things. In all, this article was an interesting take on an interesting topic.

  18. Ever since I was born, I have been in or around small businesses. My parents own small businesses, and I have seen and learned what it takes to be able to sustain and grow a small business. The fact that people think small businesses are less successful than bigger companies solely due to their size and is ridiculous. Small businesses often are the companies that hold areas together and they have a real sense of community. This is extremely important, as these small businesses play a big role in the community, for example my parents, as they offer service that benefit the community, they give back to the community, and in return the community looks out for them. However, we need big companies, as they are generally reliable and their service is generally really good. I also think that we need to support small businesses as much as possible, as most of them cannot function alone, especially with the corona virus plaguing the country. Small businesses play a major role in the economy, as they employ a large percentage of people and if we lost small businesses, we would be in a world of trouble. Another topic that the article discusses is campaign finance reform. This is a controversial topic, and in my opinion, companies should remain out of politics, but the owners of the companies should be allowed to give money to which ever candidate they choose. I think this because immensely wealthy are already donating and giving money to campaigns, so why can’t the owners of companies do the same, as long as it is separate from the company, I have nothing against it.

  19. The impact that small business and big businesses have on the American economy is significantly important, whereas they both offer something of value to society. While small businesses aren’t nearly as dynamic and powerful as large businesses, they also have their own unique attributes that bring value to the business world. Both types of businesses have a lot to offer and help to serve the economy in many great ways providing careers, health insurance, childcare options, stocks and extensive benefits such as retirement plans. While all these contributions and incentives are great, the extent to which these businesses can offer them heavily depends on the type of business because the type of business affects the cash flow which in turn affect how much benefits and incentives the business can offer its employees. All things considered it is best to first analyze how these businesses play a role in society, and how the business structure can positively or negatively impact the quality of people lives.
    Large businesses controls majority of the market share in society because they are the main suppliers for jobs, they offer a structure that cannot be found in small business. Large companies such as Apple, offers a wide array of products and services at the same time can provide careers for newly graduates. These types of businesses are the driving force of the economy thus can be considered the powerhouse business structure that dominates the marketplace. Although, these businesses have many beneficial attributes that helps to provide value to the economy they do not have the best working conditions for employees. These large business structures are not open to make changes in the business operations, so they do not really support doing things in new ways. A few of the cons is that large business requires less creative thinking from employees, as well as less chances to get a promotion within, and the feeling from employees that they are just a number.
    On the other hand, unlike large business many small businesses have its positives. The small business model is known to be nimbler and holds the capabilities of being more flexible especially when economic circumstances change, or when the business model is failing. Also, small business advocates for creative “Outside the box” thinking whereas they embrace changes and new “Ideas.” These types of businesses pack lots of opportunities that allows you to work side by side with company leaders, this can serve in a great deal in teaching employees how business actually works on a level that they may nor may not have been able to experience within the scope of a large business. Additionally, the employees of small business are exposed to many different job functions of business and in turn will learn a range of skills that can be beneficial to them. And if they chose to leave the company, they will have the ability to compete in the job market against other candidates who may not have similar expanded skillsets. Although these businesses are great they have a fair share of disadvantages that set them apart from large businesses such as little to no room for advancement within, fewer resources, fewer benefits, less job security, and less employee policies. So, while small companies have less employees, they do still offer a more creative and flexible approach to the business world as we know it.

  20. The idea of small businesses and big businesses are much different from one another. It is obvious to tell a difference between the two standards, but what people do not really know is that small businesses are the innovation behind the control the big businesses have. Small businesses are the companies in which they create the ideas behind what people would not think about opening a place about. This being said, small businesses do have the highest risk because they have more exposure to failing due to not enough financial backbones in which big businesses have. During COVID-19, small businesses took the initiative throughout the nation to make sure that people still ordered from there place due to them having more risks to failing with the lack of customers wanting to come in. This is when businesses such as Door Dash and Uber Eats thrived because they started catering to not only the small businesses, but the peoples need to stay indoors. When looking at this approach, it is easy to look at big businesses and see how they have a better financial backing which could hold them in place in a situation such as COVID-19. Big businesses keep the control within the world because they allow the small businesses to grow but not too big where they will surpass the big businesses. These businesses still had to worry in the times of today, but they had less worry of support then the small businesses. Whereas small businesses might hold the less common items in which a customer is thriving for, a big business has the essentials for the world to keep moving. If you think about it, how would the nation live off small businesses if they will run out of items faster, when a big business has a warehouse that most likely holds a ton of goods to have the consumers not worrying. Overall, big businesses and small are equally important to our nation. The small businesses we have to keep lifting up and having them survive so they have provided goods that big businesses cannot, and also so they can create innovation. Big businesses with this are also equally important because they hold the nation together so we have a structured base to go off of.

  21. When we usually think to labor creation, we are used to think about big companies, since big corporations have more spots for people. However, most of the businesses in the United States as the rest of the world are small businesses that create the most of job opportunities. We should think that small businesses are not just small companies that act as big corporations, but a small business can be a restaurant, a bar, and whatever is not a big corporation. However, big corporations have a bigger impact in the United States. As the article expresses, they have impact on the US election, and they have a big impact on the regulation of this country. Small businesses, instead, has a limited influence since they are not heard by the country. As the country is changing trough the new innovations provided by large businesses, small businesses are adapting their core to stay alive and be financial successful. The country should care more about small businesses, since any country will not be financially sufficient if the small businesses would not be alive. The United States is focused more on giving privileges to the large corporations that will bring innovations, and they will make the country bigger and powerful in the international environment. As a European, I can tell that the United States of America are recognized for the big companies that are innovating the world, and the country is financially successful since they have a big impact on the world throughout those corporations. However, the country would not be alive if small businesses would not be a part of it. Before Covid-19, the country had one of the lowest unemployment rates in the world, since small businesses offer jobs to most of the population. The pandemic has affected the most of those businesses, in fact the country’s unemployment rate had grown up significantly. Small businesses should have more incentives and advantages in order to create more jobs and to prevent their failure. As the pandemic will continue, more small businesses would be out of business and the country will incur in a big crisis.

  22. I am personally very in tune with the difference between big and small businesses. In America, the government will recognize companies with as much as $35.5 million in sales and 1,500 employees as “small businesses.” Separate to the government, the colloquial standard for a small business is less than 500 employees. My mother has been lobbying for small businesses at Job Creators Network for years, and my immediate family owns a catering hall, dry cleaners, and party store.
    I like Seth’s point that the two points of view can often conflict, and issues that the U.S faces can have different perspectives. I tend to align with the small business perspective because they form the backbone of our social fabric employing people and creating the downtown feel so many of us love. I think small businesses are undervalued in society by people who would rather the convenience of ordering everything from Walmart. Interestingly, Amazon, while it is a brick and mortar killer, does host thousands of small business distributors who are enabled by their low shipping costs. As we move into the future, I think small businesses, as we know them, are in peril, but the need for a homey feel is valid, and small businesses will adapt to the obstacles. If there is one advantage a small business has, it is adaptation. Running a small business creates a hands-on environment with a lot of appreciation for one another that can be lost in corporations where the left hand can fail to talk to the right.
    A downside with small businesses is voice. Small businesses do not have massive lobbying groups behind them, and their voices can be smothered by piles of money thrown at Washington from international conglomerates. Small businesses can also be inefficient and not have access to the scale or negotiation tactics corporations rely on. Many of the issues with corporations come up when they get greedy and use their power to hurt the competition. Net neutrality from Seth is a good example but not a great one. We revoked net neutrality, much to my dismay, yet nothing has changed. The idea from net neutrality was that corporations would take up internet bandwidth for themselves and discriminate against the competition—a good example of how power can corrupt.

  23. Large and small businesses are both successful in their own ways. Larger businesses rely on a broader range of power and a publicly established network. These companies provide mass amounts of generic goods and services that our country has come to depend upon. Smaller businesses, however, provide these services in a more unique manner. These businesses excel in their areas of personal experiences, unique marketing, and reliable service that people in a certain area rely on. In the current state of our world, we are witnessing larger corporations attempting to provide services that their smaller counterparts have mastered. Customers everywhere are turning to those personal businesses to fulfill their purchasing needs. With this shift of preference, both small and large businesses are now a backbone with the reliable services they can provide.

    The main discrepancy, however, is the fact that smaller businesses remain more at risk than larger ones. Once a larger company masters the personal selling technique of a smaller business in the same industry, that small company is projected to be closed very quickly. The general public grew up with a trust in larger corporations, because they were always known as the key to our economy. This is the “status quo vs. what’s next” that the article discusses. In the wave of COVID-19, many small businesses have had to close their doors due to the major loss of profits that state shutdowns caused. Even online shops could not maintain their profits because their customers had to decide what was necessary to purchase and what was not. Throughout the adjustment process that Americans everywhere have had to make to live with the coronavirus, we are now seeing smaller businesses put on a higher pedestal. The “what’s next” seems to be the recognition of the risks a small business takes to open and the greater support from the public to keep them in operation. These small companies may have smaller successes than the larger corporations, but they are growing and developing to become a critical part of our economy.

  24. Small business v big business is such a broad category. It could relate to traditional business or it can expand to all walks of like, like how the election was brought up in the article. Small business definitely seems like the more desirable of the two, but there is a reason there is big business. When you hear about Facebook cutting deals with Russia and possibly effecting the 2016 Presidential Election is an example of big business. Or when businesses pay off politicians to keep taxes low or when any type of bribing if happening. But this does not mean big business is just a bunch of corrupt men who ruin the world (a big chunk is though). Big business are also those companies that have shareholders and a board of directors and those who effect many people. Distributors and producers and usually part of big business and without them, the world would stop basically. Small business is more desirable because it seems more fun and less corrupt but that can be wrong too. It is really up to perspective when discussion which business is superior. Big business needs small business and small business needs big business, its just one of those eternal struggles. However, big business seems like one of those jobs where you sign your life away for a reasonable salary and benefits and the chance to move up slightly in your respective company. Those who want to own their own business will most likely be a part of small business no matter what type of business it is. I guess companies in big business were once in small business, and I wonder what the cut off is. I could also be 100% wrong in everything I said but that seems to be the point. There are no clear cut lines and while you can tell which is which, it is ultimately up to you to choose what you want and if you view them as good or bad. While small businesses are grow immensely can still be considered small, it is hard to stay as a small business when the volume of work presented gets so big.

  25. In America, most commerce is conducted through big and small businesses. These two types of operations function on the same economic strategies however large businesses have much larger profits. In the United States, small businesses have become incredibly politicized as small business is the heart of the American economy. Small businesses make incredible profit margins for their size in the economy as many people prefer to shop small. Big businesses in America rely on the necessity of cheaper products for their consumer base as they are able to purchase and produce items at a whole sale rate which brings down the price so consumers can shop inexpensively. Big businesses are responsible for most of the consumption in this nation as they can easily shell out millions of dollars for advertisements and are able to be omnipresent to the consumer. Small businesses rely on their customer service and local backing of patrons who go to their place of business because of a connection. Small businesses are pivotal to the American market as it provides people with jobs and provides this country with much needed tax revenue that larger corporations like Amazon don’t wind up paying. I believe in small businesses as it is important to shop locally. My community embraces its small businesses with open arms, I really hope the rest of this nation does the same.

  26. Both large and small businesses are essential to the success of our citizens and our economy, and they both serve similar purposes from completely different perspectives. As stated in the article, most jobs come from small businesses. A small business is not simply a big business yet to grow up, but one with an owner who can make decisions for the business without meetings or consulting with a board of directors. Both small and big businesses can commit malpractice, but the consequences are often much larger when committed by a larger businesses. An example stated in the blog post referenced how companies use their money and power to influence elections and candidates whose policy will assist their business. From a more personal perspective, I grew up in a community full of small businesses that rely on each other for everyday goods and services. I have seen first hand how a community of small businesses works, and I personally think the positives to supporting small businesses are greater than those supporting large businesses. Large businesses often provide lower quality, mass-produced products and services and have a past of treating employees without much respect. In a community os small businesses, everyone gets to know each other and there is a sense of trust from who you are buying from. You know directly who your money is supporting in a small business, which I like.

  27. For every countries’ economy, small and big businesses are necessary, as they each have big roles that make up the market. To start, big businesses are pivotal in the market because they are very “reliable providers of goods and services” while operating at a high level, which many people can not even think about. These big businesses generate a lot of revenue and mass produce products that can be shipped worldwide. My friends have worked in big, famous chains, such as H&M, Hollister, and even fast food restaurants, and they say how much work is involved behind the scenes. For an owner or supervisor, in order to have a free flowing, successful, big business they have a lot of responsibilities, such as having a lot of employees available, paying employees, and more. For small businesses, these roles are different as there is less work, but it could be more stressful. For example, small businesses have less work to do because there are less employees, less customers to fulfill, and more. In other words, small businesses do not have the same responsibilities as big businesses. Although this may be the case, big businesses are usually more advanced and successful compared to small businesses. The owners of these small businesses have more of a stressful role because if they are not successful, than the owner is responsible for everything, which includes taking care of customers, shipments, and employees. Small businesses are necessary as they “create all the jobs”. Personally, I would prefer to work for a small business than a big business, unless I receive a high paying and quality job for a big business. This is because small businesses tend to treat their employees better. For instance, if I worked at McDonalds, there is a chance my supervisor does not know me personally and does not really care about me, because all they care about is the efficiency of their workers. However, if I worked for a small business cafe, there is a better chance I will be respected more, because there are less employees involved, which means I will have a better connection with my supervisor.

  28. both big and small companies have many success. However big businesses need more product and a bigger salary for their workers as you would know, if you have a bigger company you’re also going to have more workers. Many of these companies require many hours of work and you really have to be committed. I feel like the small businesses are also very reliable because when its not something you really need or know its close by (store) I feel like us people love how close it is, no matter how big or small the company is. Also there is also less work for a small business but it can be a lot of work, which is why you have to be committed to any job you get. Big businesses probably have more or better working fields and working conditions, because the amount of money they have and the amount of money they’re getting on a daily basis. However small businesses are the ones that will most likely have a spot for you if you’re looking for a job, because larger companies can require to have a certain experience in a previous field or something like that because they want you to be set and ready to come to work when you’re hired. Small businesses you don’t really need experience as much as large companies but you still may need some, all depends on your boss. Also with all these jobs, you have to stay on point. It doesn’t matter how much good you do, but if you mess up once, you might be fired, these companies are no joke, and want you to be sharp, and you must obey their rules, and be as best as you can.

  29. I have been around the world of small business my entire life, as my dad owns a printing business called Gangi Graphics located in Brick NJ. He contributes greatly to the community around him. He does menus for local restaurants, banners for events, pamphlets for local business’/ attractions and more. In my opinion, small business’ are very significant when it comes to the community. Big business’ don’t have the kind of time to be reaching out to the community with charity events and local support. One could argue that a company like Amazon has a much larger outreach as it reaches almost our entire nation directly from their supply plants. But the difference is the character behind the business. Large business’ are corporate while mom and pop run business’ have certain traits that make you want to continue supporting business. An example that is perfect and that pertains to my lifestyle is as follows: I can walk up my street and get a Bagel from Atlantic Bagel Company, and I’ll have what I want within 20 minutes or so. You can’t do that with Amazon, yes they have same day shipping but us as people don’t have direct access to an Amazon store where we could shop for office appliances and groceries and other goods. In other words I think that both small and large business’ are great in their own ways. You can use a large business’ services when you want guaranteed great results, but when looking to go past the corporate vail of Amazon’s website, you can go out and visit your local hardware store or grocery store. On top of all of this, we have to give credit where its due; my father is able to run a business completely on his own that is capable of supporting me and my family. While large companies have many people you have to talk through to have decisions made and progress continue with thousands of staff on the management side of things. While, if small business owners see something they want to make happen, they don’t need orders from anyone. Large companies are also always looking to refresh their staffing and keep great workers working. While mom and pop/ small business’ like to hold on to the greatness that they have. My dad has had an employee for the almost entire 26 years he has had his business running, so you can look at small business’ as places that want you to succeed and they are not looking to fire you.

  30. I absolutely agree with the point that Seth’s Blog made about small businesses not existing in the earlier stages of larger businesses. The scale of massive corporations could easily put into perspective the difference in impact over such miniscule teams. For example, the copy room could have more staff than an entire small business. I would know; my mother runs a mom-and-pop shop that sells kids’ consignment clothing. It has been out and about for approximately thirty years now, providing the locals of Vineland, New Jersey, with the finest quality outfits for your children without breaking the bank. I am not here to advertise her business, though; I wanted to make that disclaimer before it seems like discrete ad placement.

    Another major concern that Seth briefly mentioned was how both small and large businesses must work together to provide the community with something of value, whether that be a specific good or service. In my municipality, the unfavorable economic standards and financial circumstances of its citizens have led to an increase in thrifting or buying goods at discounted prices. Having noticed this early on, my mom began her own business out of a flea market selling clothes which she has always been so passionate about. However, once the COVID-19 pandemic spread and Governor Phil Murphy declared a mandatory lockdown of non-essential businesses, it deeply affected the traction my mother’s store received. A typical weekend would be packed; nowadays, you are more likely to see the sun leave the sky before greeting anyone. It is really unfortunate that companies such as Wal-Mart and Amazon continue to profit continuously and remain open due to their already enormous scale while smaller, local shops are having a hard time making ends meet. The big guys, having not done much other than generate revenue, are not sticking it out for where all the jobs come from. This is one the many reasons I initially had difficulty in finding a job in Vineland. If you cannot tell, we are not the ideal city to work in, especially due to the utter lack of occupational opportunities. Hopefully moving forward, the big guys can have the little guy’s back, keeping them safe and secured. That way, we do not ruin what is left of Vineland’s fragile economy which could certainly use a lot of support right about now.

  31. Big businesses compared to small businesses always leads to interesting interactions. Small businesses are the core of society in my eyes, they build up our communities and they are the foundation to the world around us. Big businesses are the cores of our economy, they hire and benefit society as a whole. Small businesses are more cultured and care about their employees far more than a majority of large companies. Large companies always have clear flaws in their rules, treatment, and practices; thus leading most people to be more for small businesses than large corporate ones. Smaller businesses have a more genuine feel to them, customers know they are getting realistic and caring treatment. Large businesses feel like they sometimes have a disingenuous mask on them at times

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