Micro Info Page

Micro Business: Common Problems

Issues facing Micro businesses vary drastically depending on the industry, the product or service and the financial situation.

Great product knowledge and team, but limited business knowledge

Many micro businesses provide a unique product or service. Typically the founder and their small team knows everything about the product or service, but do not have a savvy business background. They often know what needs to be done, but struggle with knowing the best way! Or in some cases just struggle with the business confidence to make the decision.

Can't keep up with customer demand

Micro businesses are typically limited on resources and assets required to produce their service or product. Fluctuations in demand sometimes make it difficult to keep 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!

Difficult Client Requirements

Landing a new client is always exciting from a commercial perspective, but some clients have strict requirements to be a supplier. The requirements are handed down from their procurement specialist and they just expect you to fulfil the expectations, often with no guidance or support.

Making business decision with little or no business intelligence information

Most business professionals know that information and data is required for most important business decisions. The problem for many micro businesses is that they don't have a system that allows them to easily calculate performance indicators. This makes it very difficult to identify the true profitability and areas that required improvement. This causes many leaders to make decisions based on feeling instead of fact!

Requirement of additional investments

Many micro businesses begin their business with investments and sweat equity from friends and family. 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!

Micro Business: How Can We Help?

Examples of how GDC can support your Micro business:

Provide financial insight to manage cash flow to allow organization to grow with limited resources.
Assist in the recruitment and retention of staff to build a strong, committed team.
Creation of strategic plan that balances founder's time between working on and in the business.
Optimization of internal processes to ensure products and services are profitable and meet customer expectations and demand.
Provide advice on increasing the perceived value of your business to attract potential investors.
Provide business development training to build strong internal leaders.
Provide guidance and knowledge to expand product/service offerings to market.
Provide training and mentoring for systematic approach to making intelligent business decisions
Provide insight and assistance formalizing crisis management plan

HOLOS Leadership System for Start ups

Business Management System (BMS)

We will work with you to develop or enhance your business plan to ensure all team members understand their role in the sustainment or growth of the organization.

Financial Activity Management (FAM)

We can help design a financial model unique to your business to help manage cash flow and to gain in depth knowledge of costing of activites to provide your product or services.

Business Process Optimization (BPO)

We can be a "fresh set of eyes" to identify ways to optimize the internal operations of your organization. In Micro businesses, it is very common to have a single person manage multiple tasks or responsibilities. We will work with you to "level" out your business to ensure that processes flow efficiency and don't get bottlenecked at key points in the process.

Human Capital Development (HCD)

Micro businesses often have a very dedicated and committed team, as they must work closely together to meet organizational goals. Although we find a lot of talent in Micro organizations, many struggle with growth as their team members are great at their tasks but often need development to grow into leaders that can manage larger number of people or processes.

Micro Business: Implemented Solutions

At GDC we have decades of experience assisting Micro Businesses. 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!

Micro Business: Customized Approach

At GDC, we offer flexible approaches to provides services depending your needs and budget:

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 !