Tag - How to Manage Outsourcing

Do you have areas of your business that are beyond your skills? Then outsourcing is the option for you. Not sure what outsourcing is? Here we outline what it is and how to manage outsourcing. Learn how to recruit a quality professional advisor. How to avoid the pitfalls of below average advisors. What to outsource? Firstly, the labour efficiency ratio will let you know how productive your staffing is. Additionally, the 80/20 Staffing is crucial in determining what to keep. Secondly, 12Faces can provide a virtual CFO. Finally, there are articles to help you avoid the pitfalls of unscrupulous professionals. This group of articles outline how to manage your outsourcing.

Hiring First Managers

This article discusses hiring your business's first managers and supervisors.This typically starts to happen in what we have called the Small Business (5-19 Staff) phase of your business growth journey.We begin with refreshing your mind on some of our other discussions on the affordability, timing and budgeting for staff. Then...

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Hiring Staff: When and Who

Learn about hiring staff, the decision about when to hire your next member of staff and what positions to consider first.  This article is aimed, primarily, at owners hiring their first few staff members. But additionally, it suggests a thought process and habits that will be useful even when your...

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Solutions Sales Process Steps: Performance Problems

Common Sales Issues and Solutions Your sales are not going as well as you would like.  There can be many causes for this.  We list a number of possible solutions sales process steps below.  Select those that are relevant. Then click on the links provided to drill down further into solving...

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Sales and Marketing: How to Improve

Are Sales and Marketing Overwhelming? Your business Revenue is declining but you are not sure why? Overhauling your Sales & Marketing is a great way to increase leads that convert, therefore increasing your Revenue. Sales Leads Declining? Rudderless Marketing Strategy? Not enough leads, leads coming to you but not converting - overhaul your...

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Efficiency of Labour

The efficiency of labour and therefore the costs of labour, in your production cycle, may be due to two factors. Wage Increases Have your salaries to casual staff increased between time periods? Yes:   Have you passed this cost along to your customers as an increase in price to compensate? It will take a while for...

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Getting Virtual CFO for Small Business

Ideal Virtual, Outsourced, CFO Solution for Small Business In a big business, the Chief Financial Officer (CFO) has the vital role of tracking what's going on and using that information to recommend future strategy. Most likely, you are too small to afford a CFO on staff at the moment! So you are missing...

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Benefit from Labour Efficiency Ratio Metric

The cost of labour is one of the largest overhead expenses in most businesses.  Any inefficiency here is an expense that must be recovered from the potential Profit of the organisation.  Labour tends to grow of its own accord and it is very difficult for the business operator to know just how...

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