5 Reasons Why an Outsourced COO Can Benefit Your Business

Business wasn’t meant to be done alone.

The role of a Chief Operating Officer can oftentimes be misunderstood. It’s extremely important to understand the role of a COO because they operate within various types of companies. There is not only ONE type of business or environment for them to thrive on!

According to the Bureau of Labor Statistics , 50% of small businesses will survive 5 years or more and approximately 1/3 will survive 10 years or more. Doesn’t that blow your mind?

It is important to recognize that a COO’s job description varies greatly- they wear many hats and because of this, they can benefit your small business.

Whether it be from HR tasks to marketing to hiring and keeping the right people – outsourcing could be for you!

 5 Reasons Why an Outsourced COO Can Benefit Your Small Business

1. Fresh perspective with immediate expertise. Having an outside perspective can help you come up with new ideas for your business. As said above, operations experts work within a range of different companies and that alone could bring great insight to the table for you to collaborate with and create some short and long-term goals.
2. Reduced Costs. Outsourcing your COO is definitely more affordable than a full-time staff member. Not to mention you are able to control where your money is going, as there are often times various packages offered.  You also won’t need to budget for equipment, health, retirement or even insurance. According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow problems.
3. Increased productivity from someone who isn’t trying to steal your job. No matter what your field of expertise is and no matter how MUCH you know about that service or product you are offering… knowing how to operate a business successfully is completely different. It’s important to pair with someone who can focus on the inner workings of operating a business so that you can focus on your vision of yours! Because outsourcing for a COO means not sharing the spotlight, you (the CEO) gets to keep the spotlight and get comfortable assistance in expanding your business and adding more value.
4. More flexibility with your workload: Your outsourced COO can scale and customize the workload for you, depending on what your needs are and what’s the most important. Take a load off and leave it up to the Operations Expert!
5. Better Work/Life Balance: Outsourcing your executive staff will definitely free up some of your time. This will help with your stress and give you more room for you and your family. You won’t have to worry about learning the ropes of compliance, operations, marketing, technology….all that stuff! Take a load off and go HOME or take yourself to get a massage!

Don’t know your needs just yet? That’s fine!

Not everyone recognizes exactly what’s going wrong or what needs assistance within their company. But that’s okay, I can help you! It’s important to go over your operations and identify what needs attention.

Listed above are just a few of MANY positives in outsourcing a Chief Operating Officer, and what was not to love?! There are so many benefits to this that can definitely take your business to the next level. So let’s talk about it.