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Data Management Business?

 
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rbergst205

posts: 3

Sep 12, 2007 1:08 PM ET    Quote  Report Abuse
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Took plunge into my own business 3 years ago. Tried to start a full service IT firm that would help small business with hardware, software and training issues. This didn`t work, got in over head with way more than we could deliver. Took some time regrouped and realized we are good at helping small business owners manage data. Problem I have is finding similar models- business`s that help a small business owner manage information- by making database work more efficient and streamlining how information is gathered and handled.

Could use help/advice with this...

CraigL

posts: 9051

Sep 13, 2007 3:22 AM ET    Quote  Report Abuse
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One of the most interesting Catch-22 situations in entrepreneurship is just this. You try like crazy to come up with something new, different, unique (if possible). Then you look around for a model to "copy," sort of assuming plenty of others are already doing this. And you find...by gosh, you`re Unique!! LOL!!

What if there ISN`T a business model you can use....because nobody`s yet come up with a business doing what you`re doing?

The only thing you can do then, is to examine history and see where anyone has done anything that`s conceptually similar. And to do that, you have to step up, one level at a time, to each higher level of definition.

For example, the concrete level is "I control the data you enter into your computer." Up one is "I manage the date others put onto your computers."

Computers are a modern thing, only really available in PCs over the past 20 years. But "data" has been around forever. "I manage data for your....what?" Business.

Management is also common. So what kind of data? Words, numbers, statistics, or demographics? If you can focus on one of those, then you`ll find other companies doing it. Along the way, you`ll likely find other companies who manage ALL forms of data.

What do you mean, exactly, by "manage?" That too will help you find conceptually similar companies where you can examine their business model.
miabellacandles

posts: 37

Sep 23, 2007 7:48 PM ET    Quote  Report Abuse
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"Efficiency expert" springs immediately to mind. You can definitely help businesses become more organized and thus save money by watching their workflow processes and making suggestions for improvements. You can then implement new systems yourself or work with other consultants. There are many large businesses that need this type of assistance, as well.

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johnqh

posts: 113

Sep 23, 2007 9:04 PM ET    Quote  Report Abuse
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"business`s that help a small business owner manage information"

What does that mean?

This is so vague.

A retail business is different from a doctor`s office which is different from a gas station .... So, exactly what do you do?

Fred333

posts: 51

Sep 24, 2007 10:58 AM ET    Quote  Report Abuse
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I think what he means is that keeping track of clients and other documents produced from running a business. Some small business owners do not know how to properly store data for later use. I am guessing though.

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evalowrain

posts: 1

Sep 27, 2007 2:16 PM ET    Quote  Report Abuse
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Well, data management can mean a lot of things. Do you mean dealing with their databases - setting them up, integrating them into systems? Or do you mean taking paper records and storing them electronically? Or do you mean business intelligence?

Check out the Data Management Institute. http://www.datainstitute.org/portal/

They may be able to offer guidance.
rbergst205

posts: 3

Oct 29, 2007 9:33 AM ET    Quote  Report Abuse
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Thanks for the feedback- from the response`s you`ve helped me realize that being very specific is vital. What we`ve done successfully over the past year is help business owners manage information- which means

Helping owners prioritize what facts they need access to in order to manage their business, Determining how often they need to see certain facts (setting up schedules to receive and review vital facts.

Helping Business owners setup systems for handling information efficiently by removing duplication, eliminating unecessary data, simplifying how data is entered, creating accuracy check points

Regarding the comment that all business` are different, yes we have separate programs for helping retail stores, service companies, manufacturing companies and insurance-financial management companies.

We are efficiency experts - we do strengthen systems for core business operations (billing, job costing, inventory management...)

An engagement life cycle is a lead- evaluation - project design/acceptance - work- followup/retainer support

As I look at comparable business` there are the big players-larger consulting firms and software vendors, but there are little if any business` that provide this service to the small business (40 or less employees) owner.

This is creating problems for me in marketing and sales. People ask what you do and I want to answer the question quickly and avoid glazing their eyes over with technical mumbo jumbo or consultant talk.

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