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Six Reasons Flexibility Is One of the Key Advantages for Startups
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Bridge Global Strategies, a Didit Company
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While startups face many hurdles, they also have some key advantages, such as flexibility.
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Six Reasons Flexibility Is One of the Key Advantages for Startups
1.
© 2016 Didit
– All Content is Sensitive and Confidential © Did-it.com, LLC, 2016, All rights reserved Six Reasons Flexibility Is One of the Key Advantages for Startups By Lucy Siegel Executive Vice President Didit Communications
2.
© 2016 Didit
– All Content is Sensitive and Confidential Factors that Create a Competitive Advantage for Startups • Startup companies have plenty of competitive disadvantages (not much money, low visibility, limited staff). • But there are also some key advantages for startups. • One cited by many startups themselves is the ability to be more flexible than big competitors. • In this presentation we’ll explain why flexibility is such a big advantage.
3.
© 2016 Didit
– All Content is Sensitive and Confidential #1: Startups Make Their Own Rules • The founder of a startup doesn’t have to live by anyone else’s rules. • Startups begins with no rules and can make up their own. • They also start without an established business structure, and decide how to shape it. You Can You Can’t You Can You Can’t You Can You Can’t
4.
© 2016 Didit
– All Content is Sensitive and Confidential #2: Startups Can Provide More Flexibility for Employees • Small startups have less rigid work rules for employees than companies with big bureaucracies. • That helps them accommodate employees’ own needs for flexibility. Photo: Flickr: OllBac
5.
© 2016 Didit
– All Content is Sensitive and Confidential #3: Easier to Make Revolutionary Changes • Startups can introduce revolutionary ideas, concepts and products and change their industries forever. • Big company employees may have had the same ideas, but their companies are a lot more cautious about acting on them. • Established companies have a lot more to lose than startups; they have already established brand recognition and market share. Illustration: Fostersartofchilling/Flickr
6.
© 2016 Didit
– All Content is Sensitive and Confidential #4: Employees Can Make a Bigger Impact • Small startups have much more informal management structures and shorter lines of communication between employees and management. • A good idea has a much better chance of being heard and influencing the company. • This helps employees feel more empowered, engaged and enthusiastic, because they know they really make a difference. VS
7.
© 2016 Didit
– All Content is Sensitive and Confidential #5: The Founder Defines Success • The definition of success at big public companies is heavily influenced by shareholder returns. • Founders of startups can set their own goals. • Sometimes the most important goals are not financial. Other rewards for founders include: • Psychic reward of a contribution to community or society. • Satisfaction of doing something they love to do. • Satisfaction of following their own dreams and providing jobs to others in the process.
8.
© 2016 Didit
– All Content is Sensitive and Confidential #6: It’s Easier for Startups To Change Direction • Startups can change direction more easily than big companies (think small motor boat vs. big ocean liner) Photo: Marxchivist/Flickr
9.
© 2016 Didit
– All Content is Sensitive and Confidential About Didit Communications and PR for Startups • One of Didit Communications’ key public relations specialties is public relations for startups and for companies entering the U.S. market from overseas. Based in New York City, the firm helps build startups’ reputations, visibility and sales by: • Developing communications strategies and the tactics needed to implement them. • Helping new companies define their key audiences (“stakeholders”). • Helping shape the company’s story and then working with the company to tell it, through traditional and social media, speaking engagements, events, meetings with industry analysts, etc. • Helping client executives to become – or get credit for being – thought leaders. • Focusing on visibility with “gatekeepers” – those who can introduce a company to many end customers. Download our free ebook on PR for startups: Download “PR for Startups”
10.
© 2016 Didit
– All Content is Sensitive and Confidential Learn more about Didit Communications and its PR capabilities for startups at the website of Bridge Global Strategies, a Didit company. Or contact: Lucy Siegel Executive Vice President Didit Communications 276 Fifth Ave., Ste. 205 New York, NY 10001 212-583-1079 Lucy.Siegel@didit.com www.bridgeny.com Blog: http://bridgebuzz.bridgeny.com
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