Small business interconnectivity within itself allows for innovation faster than large businesses.

[Dock, 10-20-23, Business News Daily, “Why Small Businesses Are Good for Local Economies”, https://www.businessnewsdaily.com/1298-small-business-good-for-economy.html, accessed: 7-16-24, AngH]

Small businesses and startups provide more than just jobs for community members. More local small businesses means new ways of thinking and fresh perspectives, almost like an entrepreneur mindset. For large businesses, trying fundamentally new approaches can be akin to turning a battleship, while it is relatively simple for small businesses to reinvent themselves.

Small businesses are generally more nimble than large businesses, with tighter-knit teams and simple communication channels. This enables them to quickly pivot and change their operations in major ways with minimal investment. As a result, early-stage entrepreneurs can act as laboratories of innovation, testing new ways of doing things and seeing if any of them pay off. And when they do, it can put the local community on the map.