Medium Info Page
Medium Business: Common Problems
Issues facing start-ups vary drastically. Depending on the type of startup, the product and the financial backing you start with. Generally the startups we help face several of the problems.
Great product knowledge, but limited business knowledge
Many Start Ups come from a unique product or service that is currently not offered in the market. Typically the founder knows everything about the product or service, but do not have a savvy business background. They often know what needs to be done, but don't know the best way!
Can't keep up with customer demand
Start ups often start to fill a demand in a market, therefore is some circumstances the founders actually struggle with keeping up with the demand of the customer base. This seems like a "good" problem, but can easily but a small start up out of business
Requirement of additional investments
Many start ups begin their venture with investments from friends and family that know their idea has a bright future. This type of investment is often given on trust and faith, the same is NOT true we pursuing additional business investors. They need you to PROVE that you have a great business idea with an implementable and profitable plan!
Are any of these making you lose sleep at night? Do you need a little extra guidance to help you overcome hurdles along the way?
Contact us today for a free initial consultation to identify how GDC can help you!
Medium Business: How Can We Help?
Examples of how GDC can support your start up:
- Provide coaching, mentoring and training to develop commercial approach to attract and retain customers based upon creating strategic partnership through value and solution selling.
- Implementation of robust financial management system that will provide insight to balance cash flow and provide reporting to drive performance within the organization.
- Assist in implementation of Human Capital Development system to recruit hire and retain valuable employees.
- Optimization of internal processes to ensure products and services are profitable and meet customer expectations and demand.
- Provide training and mentoring to create a strategic plan that incorporates individuals at all levels of the organization with a focus on middle management.
- Assist in Implementation of a work culture that will engage employees to contribute to the successful achievement of the organization's mission and goals
- Provide training and mentoring to create a strategic plan that balances business fundamentals and breakthrough strategies through clear goals and expectations for individuals in the organization.
- Provide insight and assistance formalizing crisis management plan
HOLOS Leadership System for Start ups
Business Management System (BMS)
As organizations grow the strategic improvements are broken into two categories Business Fundamentals (improvements made to current processes) and Breakthrough Initiatives (improvements to break into new markets or product offerings).
We can help you identify the perfect balance that will allow you to sustain your current processes while focusing on large changes that will bring growth and prosperity in the future for the organization.
Financial Activity Management (FAM)
As organizations grow larger, it becomes much easier to "hide" cost. We can help build a financial model that will allow you to look at cost with a magnifying glass. It is very common for organizations to be performing great in a few key areas, but the losses from other products or services are minimizing overall profit margins.
Business Process Optimization (BPO)
From a process perspective, consistency amongst team members is key to producing a high quality product or service. As team sizes grow larger, the need for standardized processes and tasks are key always providing the best customer experience. We can work with your teams to standardize key processes and identify ways to optimize the performance of tasks within processes.
Human Capital Development (HCD)
As organizations grow larger, they often struggle to keep committed and engaged employees. In smaller organizations, there is often a direct connection with the organization's ownership. As the ownership moves farther from the "front lines", it is key that employees still feel the commitment to make the business successful. We have implemented Human Capital Development systems all over the world to ensure employees stay committed and engaged.
Medium Business: Implemented Solutions
At GDC we have decades of experience assisting Start up organizations. Below are some examples of our implemented solutions for past clients.
Food Manufacturing
Collards Greens have always been a tasty treat and a staple in Southern cooking. The problem is they are not typically healthy, but a local couple had a fantastic recipe that is both delicious and healthy!
The couple had been providing the delicious treat at local festivals, and would sell out at each event. The couple saw an opportunity with the health food market growing very quickly, but they didn't have the business knowledge to expand the operations.
GDC assisted in creating a robust business plan to present to investors and also assisted in setting up a facility that allowed them to produce in larger quantities. The couple was able to increase their production drastically and was able to get their product into multiple local health food stores!
Popcorn Retail Shop
Delicious treats are something that attract people from all demographics. The business was ran by a stay at home mom who had a great vision and had create a line of uniquely flavored popcorn that would make anyone's mouth water!
Her struggles began when she started approaching investors for additional capital. Her friends and family invested because they knew the product was great and she was committed to making the new business a success! Unfortunately this is NOT enough for investors, they were looking for a robust business plan to ensure that they were making a sound investment.
GDC worked with the founder to establish a strong business plan and supporting documentation that allowed her to present their vision to the investors and secure the financing required!
Medium Business: Customized Approach
At GDC, we offer flexible approaches to provides services depending your needs and budget:
On-site Sessions
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Digital Conferencing Solutions
As our business world is moving into a digital environment, GDC offers digital solutions to provide our clients support at a fraction of the cost. This approach allows us to work with clients all over the world without incurring the travel expenses. Video conferencing software allows us to work face-to-face with clients even though we may be 1000s of miles apart!
We utilize these sessions for: training, brainstorming, advising and coaching.
On-site Sessions
One of GDC's guiding principles is that we must have a through understanding of our clients processes to truly help them improve. We understand that terms like "widgets" make it very difficult for people to relate to the tools and concepts we deploy at our clients. While working with clients we can support in manys ways from a distance, but we must be on-site to perform some of our services.
We utilize these sessions for: training, deployment and implementation.
Off-site Assistance
During on-site session and digital conferencing, there may be services identified that we can perform off-site. As with the digital conferencing solutions, this allows us support our client at a much lower cost.
We utilize these sessions for: preparation of documents, data analysis, research, etc.
Contact us today for a free initial consultation to identify how GDC can help you !