Advantages for Small Businesses:
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One-stop-shop for all their back-office needs at an extremely affordable cost. -
A business management system based on checklists that minimize risk and increase profitability. -
Constant coaching and updates on regulations. Triumph has an inexpensive team providing them very expensive updates. -
Increase probability of awarded bids. Become more competitive. -
Elevate the level of technology in small business in order to integrate with large organization IT business model. Obtain preference when invited to bid. -
Allows disadvantage business owner to mitigate risk because of not being able to keep up with regulation and technology (IT and business trends). -
Peace of mind.
Evolution:
Twenty years ago, being a small business owner was a lot more simple.
Things have gotten much more complex.
There were few regulations. Sexual harassment and discrimination were not issues. The Internet was not around, nor was e-mails, computer viruses and spyware. Credit was easy, banks and other financial institutions were not as tightly regulated. Accounting was simple, detail accounting was not required to be competitive in the market place. Government regulations were at a minimum. Immigration and illegal immigrants were not a thing to be worried about.
On the other hand...some things are a lot better.
Government and Large Corporations did not have such a high requirement for small and minority participation. Although these organizations have good intentions, they are faced with the high cost of doing business with small, less technologically sophisticated businesses.
Evolution and development of technology have complicated thing further.
Large organization have sophisticated accounting systems in order to be competitive. They have a CFO, to track cash flow and negotiate lines of credits and contracts. A Controller to generate detail accounting reports in order to find hidden costs and enable efficient bidding on contacts. They have an IT Manager to deal with technology issues. Now they need a compliance officer in order to meet all regulatory requirements. A Human Resource manager to hire and retain employees, as well as deal with today's complex regulations. Estimators to dot the 'I's and cross the 'T's. A Marketing and sales team to market the company and design strategies so you are always in the mind of your customers and specially the purchaser that provide you the purchase orders and contracts. A Management team to be able to price and bid opportunities without leaving money on the table. These entities get competitive pricing because of volume.