Business group development
When running a business, a business owner faces many problems such as lack of purchasing power due to shortage in working capital, not having necessary equipment or suitable work space or not having time to pay attention to all aspects of the business including marketing, management, sales and/or production. Working alone does not guarantee a success and mongolian business owners are realizing that combining their efforts and utilizing each others’ resources are easier and faster way to reach the success.
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A business group is an informal entity where individuals with common goals are joining together to achieve their business goals through joined transactions, common activities, and/or shared resources. |
On the other hand, many economic programs funded by international and/or local donors are encouraging the collaboration of business owners and directing their resource and attention to such initiatives.
Development Solutions have realized the needs of both parties and are offering comprehensive business group development services. Business group development service assists businesses to solve their problems jointly, increase their profits and create an environment of confidence and trust.
Who the Business group development service is for?
- Individuals in need of collaborating with others but don’t know how
- Groups in need of improving its internal organizational structure
- Groups established by the support of development projects
- Clusters targeted by development programs that support cooperatives
- Developed groups in need of formal registration
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We have helped with the formation of 151 business groups with 671 members of which 12 have been established formal entities. Our groups are engaged in service, trading and production-based sectors. Direct benefeciaries of the business group development service totalled 700 people while number of indirect benefeciaries reached over 2000. |
Services provided
- Trainings and consultancy on forming a group
- Trainings and consultancy on internal regulations of group
- Consultancy on developing group bylaws, creating and assigning roles for members
- Business and technical skills trainings and consultancy
- Sales facilitation service
- Trade fairs
- Loan facilitation
- Study tours between groups
What are the advantages of working as a group?
- Business owners can overcome their obstacles together
- Saving costs in procuring raw materials
- Ability to handle more orders
- Opportunity to utilize each others’ workspace and equipment
- More sales channels and reduction in cost of goods sold
- Collaboration on marketing and promotions
- Learn from each other
- Networking opportunities