Are you hitting a brick wall every time you attempt to grow your business? Does it feel like your efforts are always unfruitful? It may be because you’re not addressing core company issues that inhibit growth.
You might be scratching your head, wondering which core company issues we’re referring to. There’s so much more to consider than simply funding.
That’s why the team here at Overflo is here to help you break down those issues and why they may be inhibiting your small e-commerce business from growing.
When we discuss poor company management, we must remember that there are multiple fasciates of a company that need overseeing. One managing position can’t do it all. And when it comes to e-commerce, you need someone to manage inventory, warehousing, and logistics.
Their duty is to ensure a seamless supply chain. That can include overseeing stock numbers, finding the best distribution method, and ensuring every item is where it belongs. But if you’re struggling to grow your small e-commerce business, something may be lacking in the management department.
Whether there is zero management or your current management system is failing, address this and watch the growth happen.
Lack of Resources
There will always be one major advantage that large corporations have over small e-commerce business, and that’s resources. There is no one specific resource we are referring to, but to give you an example, consider the following.
- Warehousing space
- The latest AI technology
- Financial Backing
- Industry-leading Professionals
All of these factors lead to their often meteoric continuous rise. And although there are a few start-ups out there that find themselves fortunate enough to have access to these resources, those circumstances are few and far between.
As we previously stated in the last section of this article, warehousing space is one of the many resources small e-commerce businesses lack access to. That, by all means, can greatly impact your growth in both a monetary and physical way.
It’s also a costly endeavor to expand your warehousing space if you opt to purchase or lease your own building. For many smaller businesses, purchasing a commercial space is not financially feasible.
Lack of Experience
And finally, something no first-time small e-commerce business owner can avoid is lack of experience. When we talk about experience, it can feel cliche and frustrating. How does one gain experience if the resources are unavailable to do so.
That’s where you need to enlist the help of fellow industry professionals.
That can come in the form of hiring consulting firms as well as outsourcing to third-party logistic companies.
What are third-party logistic companies, you may ask?
A third-party logistics company, or 3PL, is a business that offers services such as warehousing, distribution, order fulfillment, and logistics. They typically use state-of-the-art systems and technology to complete these tasks.
A highly-touted 3PL could help you solve many of the growth issues you read about in this article!
Overflo Can Help You Get Started Today!
Are you interested in implementing a 3PL into your business model? Overflo is here to help!
We can assist small and large corporations alike to achieve their growth goals with our variety of logistic services. Whether it’s order fulfillment, inventory management, or developing the perfect logistics routine for your small e-commerce business, we will ensure you succeed.
Contact us today to receive a free rate quote!