Small firms have some unique issues including:
- Need low cost/simple solutions to most problems
- Lacking specialized management talent
- Insufficient working capital
- Informal management structure and roles and responsibilities
- Missing or incomplete policies and procedures
- Inefficient workflows
- Difficulties in delegating responsibility and authority
- Propensity to micro manage subordinates
- Lack of adequate systems for management and control
- Difficulty in managing performance of ineffective but long term employees
Startup firms have some unique issues including:
- Need business plans
- Need to raise capital to provide funding
- Lack of specialized management talent/maturity
- Unfamiliar problems never faced before
- Rapid growth pains
- Lack of information systems for management and control
Call us at (973) 518-1970 to arrange for a free assessment of your situation and an outline of the steps required to meet the challenges you face. |