Empathy: The Small Business Advantage
Source: American Express
Even in the best of times, the deck seems stacked against small companies. So what's a small business to do when times are tough? Already outdone by large companies on margins, volume, and pricing, small businesses are also the last to get a helping hand from banks and the government during a downturn. There's one essential business competence that small companies have in much greater supply than big ones, though: empathy for their customers.