The Top 12 Questions and Challenges Below are 12 of the most common questions and challenges faced by small and medium size businesses. Helping organizations tackle these challenges is the core of our practice. If any resonate for you--click on each question to learn more about our thinking about these problems—or better yet, give us a call to discuss them in person. Pricing 1. Is our pricing covering costs appropriately? 2. Is now the right time to take a price increase/decrease? Cost Management   3. Is our purchasing function obtaining services and materials at the lowest possible cost? 4. Are manufacturing cost standards accurate? Growing the Business   5. How should we decide if now is the right time to expand? 6. What financial measures should we use to evaluate new investments/acquisitions? Business Planning   7. We don’t have a business plan in place, is that a problem? 8. Can we get small business financing (from banks or investors) with our current business plan? Financing   9. What can we do about underperforming assets? 10. How do we put a plan in place to finance future growth? Financial Reporting   11. How come we sometimes lack the data about our business performance needed to make key decisions? 12. Is it worth the trouble to determine profit and loss at the product level?