Common Obstacles on the Road to Building a Resilient, Profitable Business

While no two businesses are exactly alike, they tend to face common challenges. Our extensive research has shown that, regardless of industry or revenue, small and mid-size business owners often encounter similar obstacles based on the number of employees in the company.

These are some of the common challenges that can hinder their growth or lead to stagnation:

  1. Cash Flow Management: Poor cash flow can lead to an inability to cover operational costs, pay suppliers, or invest in opportunities.

  2. Operational Inefficiencies:

    • Process Management: Inefficient business processes can lead to higher costs, lower productivity, and poor customer service.

    • Scalability Issues: Systems and procedures that work for small operations might not scale effectively, leading to bottlenecks as the business grows.

  3. Human Resources:

    • Recruitment and Retention: Finding and keeping talented employees can be difficult, especially when larger firms offer more competitive salaries or benefits.

    • Skill Gaps: Owners might need to wear too many hats, stretching their capabilities thin or lacking in key areas like finance or IT.

  4. Customer Retention:

    • Quality and Service: Maintaining consistent quality or customer service can be challenging with limited resources.

    • Customer Expectations: Small businesses must meet or exceed customer expectations, which can be high due to the personalized service they're known for.

  5. Strategic Planning:

    • Vision and Direction: Without a clear business strategy, small businesses might lack direction, leading to missed opportunities or growth paralysis.

  6. Market Competition: Keeping up with industry trends, technology, and consumer preferences can be challenging.

  7. Brand Visibility: Without significant marketing budgets, small businesses might struggle to increase their brand recognition or reach new customers.

The ReWild Group offers a comprehensive framework known as Organizational ReWilding to assist business owners in diagnosing, addressing, and anticipating challenges. This methodology is grounded in decades of research involving over 1,500 small and midsize enterprises (SMEs) and provides a structured approach to business growth and development.

Our comprehensive system provides insight and guidance—not only into how to address these common challenges, but also in how to proactively prepare for future ones.

The life of a business owner will never be stress-free, but it can be considerably less difficult. At The ReWild Group, we help identify and remove roadblocks so you can reach your destination faster. When you have a proven roadmap, you can confidently chart your course.

Contact us today to get started.