Business expansion is a critical component of the Partnership’s work. With the support of the Sullivan County Legislature, the Partnership has redirected its focus on expansion opportunities for a wide range of businesses, in addition to remaining committed to Main Street development.
As most job creation comes from expanding businesses, this area of focus is a natural given how competitive it is to attract large national corporations to our area. If the Partnership can help create one hundred new jobs through the expansion of existing businesses, it is equivalent to recruiting one hundred new jobs. The effort to offer core analysis, financial procurement, technical assistance and premium consulting services to existing businesses with the goal to examine their expansion capacity, holds much promise.
Premium Business Expansion Programs and Services Include:
Business Assessment
Like an annual check up, a Business Assessment seeks to uncover potential problems, issues and areas of concern before they flare up into major crises that can derail the best laid strategies and plans. A Business Assessment also helps to identify areas that are performing well and opportunities for future growth and profitability.
Areas covered include, but are not limited to, the following:
- Management
- Personnel
- Finance
- Operations
- Customers
- Competitors
- Market Conditions
- Geographic Territories
Strategic Management
Strategy informs all functional areas of an enterprise and when properly implemented, strategy enhances organizational performance when Organizational Structure, Human Resources Policy, Finance, Marketing and Operations are aligned and driving toward shared goals. Problems arise when these areas are misaligned. The objective of Strategic Management Consulting is to find areas of strategy misalignment and determine mechanisms for restoring optimal performance.
Corporate Revitalization
When businesses run into trouble, having “Fresh Eyes” is often critical for determining the best path to revitalizing the firm and preserving value for all of its interested parties – Customers, Suppliers, Creditors, Shareholders, Employees and Managers. The objective of Corporate Revitalization Consulting is to work with all constituents of the firm to develop and implement actionable strategies for returning operations to profitability.
