QUALITIES OF SMALL BUSINESSES THAT MAKE THEM USE INNOVATION SUCCESSFULLY

 1. Most small business owners are willing to try new approaches to make their businesses more successful.

2. Small businesses understand customer needs, identify new opportunities and fix problems quickly and efficiently.

3. Small businesses can quickly implement new business practices and adapt to changing market conditions.

4. When pursuing new opportunities, many small business entrepreneurs experiment and improvise. They accept failure as part of the path to success.

5. Small businesses are adaptive at doing with less. The resource constraints lead to their innovative mindset.

6. Small businesses traditionally rely on strong social networks to share information needed for innovative thinking.

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