Business Consulting and Services
"The South Carolina Minority Business Development Center--operated by DESA-- has assisted my company in virtually every phase of our business. My construction company has faced many challenges over the years and The Center (along with DESA) has played a major role in helping us to find solutions. Having access to a team of professional consultants as resources makes it possible for me to overcome business weaknesses and gives me a competitive advantage."
– Willie Frazier
President, W. Frazier Construction Company, Inc.
The Assignment:
Assess the W. Frazier Construction Company's business strategy, financial management, and marketing and procurement practices, then provide professional consulting services to help the company grow.
Challenges:
- The company had three trucks and a moderate amount of work, but additional marketing and procurement efforts were needed to maximize equipment use.
- DESA identified operating procedures and financial management structure changes that needed to be implemented.
- Further work revealed human resource issues that needed to be addressed.
How DESA Exceeded Expectations:
- With DESA's guidance, The Center designed a strategy to increase W. Frazier Construction Company's capital and contracting opportunities.
- The Center helped the company become accredited through the South Carolina Department of Labor, Licensing and Regulations (LLR).
- Once licensed, the company used DESA's help to to connect with the SC Department of Transportation and procure several lucrative contracts.
- The Center prepared documentation, helping the company establish a line of credit with a local bank.
- The Center also identified a Certified Public Accountant with strong construction experience.
- Ultimately, the company received bonding, and business opportunities increased.
- DESA then provided support in developing and executing effective operations, procurements, and staffing and other human resource measures.
- The company eventually decided to downsize it operations and create a succession plan. DESA aided in that transition.