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Business Reorganization: Is There A Research Button
Posted on 4/13/17 at 11:25 pm
Posted on 4/13/17 at 11:25 pm
Was speaking with my wife's uncle at a get together the other day and we started talking about work. He's the owner of a pretty successful family constrution business that's been chugging along for decades but he feels like he's not keeping up with the times. They're super fluid with tons of work on the books but they still do everything with Excel and have these pretty antiquated programs for everything. I told him about quickbooks and such but he's looking to kind of restart everything and reorganize. Are there any consulting companies or services that specialize in that kind of stuff? I told him I didn't know where to even begin..
Yall ever hear of anything like that? He's a good guy and I wish I could point him in the right direction.
Yall ever hear of anything like that? He's a good guy and I wish I could point him in the right direction.
4
Posted on 4/13/17 at 11:26 pm to Giantkiller
There's a consulting service for anything you can think of on this planet.
Posted on 4/14/17 at 12:08 am to Giantkiller
That expertise can be easily found, but its not cheap. Depending on the size of his company, he can go with a known regional firm, but they won't even talk to you unless your well over $50m in revenue.
I am a "business consultant", my firm usually only works with companies large enough with enough scale to afford really high fees ($300-500/hr).
In all honesty, I'd recommend that he find someone in the industry that he trusts and has the skills/experience he is looking for and hire them as a consultant.
Hell, I'd love to do it. Still a few years away from going out on my own, though..
I am a "business consultant", my firm usually only works with companies large enough with enough scale to afford really high fees ($300-500/hr).
In all honesty, I'd recommend that he find someone in the industry that he trusts and has the skills/experience he is looking for and hire them as a consultant.
Hell, I'd love to do it. Still a few years away from going out on my own, though..
Posted on 4/14/17 at 9:47 am to Giantkiller
tell him to take some time, preferably outside the office, to think about what he wants his company to look like in 5 years. The type of work they do, the size of the workforce, revenue, net profit, how they are perceived in the marketplace, etc.
Once you have that, you kind of work backwards to figure out how to get there. Plenty of specialists can help.
Consultants are not cheap, at all. In fact, they are pretty unaffordable to most small businesses. They do good work, sure. But if he can kind of be his own "general contractor" in this process, hiring specialists when needed, that would be good.
Once you have that, you kind of work backwards to figure out how to get there. Plenty of specialists can help.
Consultants are not cheap, at all. In fact, they are pretty unaffordable to most small businesses. They do good work, sure. But if he can kind of be his own "general contractor" in this process, hiring specialists when needed, that would be good.
Posted on 4/14/17 at 10:14 am to Giantkiller
quote:
He's the owner of a pretty successful family constrution business that's been chugging along for decades
How much in revenue?
Posted on 4/14/17 at 12:22 pm to LSUFanHouston
quote:
tell him to take some time, preferably outside the office, to think about what he wants his company to look like in 5 years.
I agree with this notion. He needs to look at the business strategically and where he wants it to be in the next 5 years. How he answers that will determine how to proceed with process improvements, if at all. To me, the only justification for tackling a big project like this is to scale the business up. Doing an implementation solely to lower overhead, i.e. a workforce reduction, is a difficult task.
If he does ultimately decide to move forward, he needs to find a hired gun that has been in the industry, understands the business, who knows the different systems and softwares available, and has done a project like this before. This person will need full support of ownership from day 1 - do not underestimate the sense of entitlement that employees entrenched in the same role for years can have. This person will not be cheap, but if your uncle attempts to go straight to a consulting shop he'll get sold a bunch of BS that will ultimately take more time, money and effort.
Posted on 4/14/17 at 3:30 pm to sneakytiger
I'm assuming he has a CPA? Some of the things like getting his accounting, book keeping, etc. up to date instead of using Excel a CPA/ CPA firm will one of the best bets. They can also then do a good job of making some suggestions on further consultants.
It also sounds like he needs to potentially hire some young college blood or guys that are willing to work on getting up to date technologically.
It also sounds like he needs to potentially hire some young college blood or guys that are willing to work on getting up to date technologically.
Posted on 4/15/17 at 8:18 am to sneakytiger
When you say get sold a bunch of bs they don't need, what do you mean? This seems pretty straightforward:
1. Current state assessment
2. Desired future state capabilities
3. RFP support if necessary
4. Strategy
5. Execution
I do agree on employees "entrenched" mindset is a challenge to overcome.
1. Current state assessment
2. Desired future state capabilities
3. RFP support if necessary
4. Strategy
5. Execution
I do agree on employees "entrenched" mindset is a challenge to overcome.
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