I work with small companies providing Lean Manufacturing, Quality Management, and Environmental Management consulting and I have found that credit is tight for all of them. Many have reduced working capital needs by reducing inventory but not always in a logical way such as implementing lean.
As a consequency, their customer services has deteriorated and leadtimes have lenghtened hurting their competitive position.
Thanks for your contribution. We have a similar state and federal funded program here in the USA (Michigan) where we help distressed companies diversify and provide business rescue services on a 2:1 company matching basis.
Most of the companies we see are privately owned small business, and of those a large percentage are family owned. It's difficult to convince an owner that they need to invest in their company when other prioritues can be an influence (like the boat parked at the yacht club). So we look to where the quick hits and easy successes are, so we can buid a pattern of reinvestment to move the company to the next leve;.
Email me if you would like to discuss more speicfics.
Susie,
I am a Small Business Mentor in Australia and I am part of a Victorian State Govt.Service for helping small businesses, generally under 20 employees. The companies ( Service/manufacturing ) pay $300 for four sessions. A session is about 1.5 hours. The mentors get $50 + expenses for each session. The mentors do business plans, advice and help where necessary like start-ups. The mentors are all over 55 and must have general management experience. Finally, they all desperately need help and cannot afford expensive consultants. The alternative is to do group consulting with them, say 10 companies @ $150 each!
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I work with small companies providing Lean Manufacturing, Quality Management, and Environmental Management consulting and I have found that credit is tight for all of them. Many have reduced working capital needs by reducing inventory but not always in a logical way such as implementing lean.
As a consequency, their customer services has deteriorated and leadtimes have lenghtened hurting their competitive position.
Thanks for your contribution. We have a similar state and federal funded program here in the USA (Michigan) where we help distressed companies diversify and provide business rescue services on a 2:1 company matching basis.
Most of the companies we see are privately owned small business, and of those a large percentage are family owned. It's difficult to convince an owner that they need to invest in their company when other prioritues can be an influence (like the boat parked at the yacht club). So we look to where the quick hits and easy successes are, so we can buid a pattern of reinvestment to move the company to the next leve;.
Email me if you would like to discuss more speicfics.
Kind regards,
Bill Newman
I am a Small Business Mentor in Australia and I am part of a Victorian State Govt.Service for helping small businesses, generally under 20 employees. The companies ( Service/manufacturing ) pay $300 for four sessions. A session is about 1.5 hours. The mentors get $50 + expenses for each session. The mentors do business plans, advice and help where necessary like start-ups. The mentors are all over 55 and must have general management experience. Finally, they all desperately need help and cannot afford expensive consultants. The alternative is to do group consulting with them, say 10 companies @ $150 each!