A short talk (transcript excerpt) arguing that decision-making is precarious and risky in small businesses because owners make decisions for their team; while necessary, prolonged owner-led deciding constrains operations and can limit growth. The speaker cites a broad statistic that ~95% of businesses have fewer than three employees, attributing this to owner-controlled decisions.
Deciding is a precarious and risky thing. It's necessary, but you only want to sit there for a short period of time. Deciding is the activity where you're making the decisions for the other people on your team about how to proceed. And this is necessary in a small business. But it can't last for long. At a certain point if the employee keeps asking questions. I've now restricted my ability to do anything except for answer those questions. We see this play out statistically. The vast majority, I think, is about 95% of businesses globally have less than three employees. The reason that's true is because the owner is making all the decisions for everybody else.
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