It's important for all of us to understand and appreciate small business for at least two reasons. First, small business is the basic fabric of the United States economy. Most of the nations large businesses at some time were small. No matter whether the company is big or small, the challenge of leadership is the same. In most cases, you're dealing with people, products and markets.
Successful businesses have good leadership.
The major differences between leadership in small and large organizations are the size of the population with which you deal and the immediacy of the feedback you get. Not only do you get instant feedback in the small business, you get purer feedback because it's not filtered through many layers of management. You kick the cat and you immediately hear the cry or feel the claws. While a career with a large corporation offers many benefits, there can be disadvantages as well. In some cases, you get on a certain management track that provides little satisfaction or potential for the future.