When I was in secondary school, I was part of a debate team that had to argue against the house during a round of debate where the motion was ‘This house believes that size matters’. It was a truistic motion; there was no way we could argue against it. The proposition simply has to define size in a way that is broad and all-encompassing including physical, or any other measurable metric, and size matters – not just when it is big but also when it’s small.
Size matters, and sometimes there’s nothing wrong with being small and refusing to scale. Not scaling is different from not growing. A. business can grow in different ways and it’s not just about size. Revenues can grow through pricing up and providing more value for the services rendered to the same client base. Profits can also grow if the products and services can be delivered at ever-increasing efficiency.
Sometimes businesses stays small because the potential client base they are good at servicing is just that group and the business sustains well with healthy margin without forcefully growing. I think we have to understand and appreciate that even from an economic development point of view. This is contributing to diversity and richness in an economy. There’s no need for every business to be like a Starbucks, MacDonalds, or IKEA.