5 Reasons Why an Outsourced COO Can Benefit Your Business

5 Reasons Why an Outsourced COO Can Benefit Your Business

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. 

Written by Bridgett Hart

I help people understand what LOVE is, and teach them HOW to apply it to any relationship in their life.

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Hire and Keep the Right Employees

Hire and Keep the Right Employees

Hire and Keep the Right Employees

Hiring is No Joke. You won’t do it right every time. But you can try!

Most business owners don’t realize how difficult it can be to hire the right employee until it’s too late. When someone is hired that is a wrong fit for your company, it can be costly, time-consuming, and cause some damage to your work environment! Do you want to enhance the culture, morale, and productivity at your business?

Then let’s discuss some strategies for hiring the right people and KEEPING them!

  • Performing a Job Analysis. Involve and interview your employees in their current positions and observe their day-to-day. This is important when performing a job analysis so that you can update your job descriptions before you’re on the hunt for the right person! You’ll want to identify and summarize the job; as well as including duties, responsibilities, specifications, and disclaimers/approval.
  • Creating a recruiting strategy plan. As a business owner, you’ll want to understand the benefits of hiring your new employees. Write out your recruiting costs, salary ranges, taxes, benefits, training, equipment, and onboarding. It’s also important to measure the amount of time you want to take to hire. Taking too long or hiring too quickly could cause trust problems or lead to hiring the wrong person. We all know a bad hire is expensive.
  •  Creating a checklist and hiring the right person for the job. Determine the order of steps you want to take to hire someone this time. Write them out and follow them exactly – making sure it’s within your hiring time frame. From determining your need for a new hire or position to scheduling a start date for your new employee.
  • Pre-screen your candidates. Pre-screening is important when you want to find and keep the right employee. This also can reduce the recruiting time and improve the precision of your hiring process. Figure out different pre-screening methods you’d love to use in getting to know your candidate before bringing them onto the team.
  • Ask the right questions.  Stay away from the standard questions and get creative! Ask challenging questions that also give the interviewee the opportunity to offer solutions. This article from Forbes is a great read to figure out if they are competent, capable, compatible, and committed.
  • Let them interview you. This is a great way to gauge some level of interest your candidate has in the job position. It also assists with getting a feel for their personality and seeing how comfortable you interact with one another.
  • Stay up to date with digital and social media trends. 45 percent of job seekers use their mobile devices to search for jobs at least once every day. So make sure that career site is mobile-friendly! The majority of candidates between the ages of 22 to 60 want to work for digitally enabled organizations.

Keep your employees productive and happy. 

Employees want to feel like they’re valuable and are a crucial part of the team. This leads to being more productive and delivering results for their employer.  Openly praise them and set goals that are obtainable. It is extremely important to take their needs seriously and be that push of motivation so that they stay on track! If you want your employees to be committed and successful for your company, you need to treat them as such.

Are you having a hard time with hiring and keeping the right employee? Let’s come up with a plan!

Written by Bridgett Hart

I help people understand what LOVE is, and teach them HOW to apply it to any relationship in their life.

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Don't Wait.

You Deserve to Shine Now.