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  • Renee: CEO Coach & Management Specialist 3:04 pm on May 21, 2010 Permalink | Reply
    Tags: , , , , office operations, , , risk, , , ,   

    Outsourcing brings benefits to your small business. If your company is considering outsourcing or you’re already doing this, your business is joining an increasing global trend. There are so many things that are needed in managing and operating a business. Outsourcing can help out a lot with the operation of your business or projects. Many times it is a wise decision to invest in onshore outsourcing. Many small businesses have decided to invest in onshore outsourcing with virtual assistants. Outsourcing helps to improve your efficiency, your productivity and your bottom-line.

    Outsourcing can help you to save money and reduce your over-head cost. It can help to reduce your need to hire additional in-house help. When you make the choice to outsource, you have to learn how to delegate and decide on which functions could be outsourced. Many small businesses have chosen to outsource their administrative office support, marketing, business management, blog posting, social media management, transcription, strategic planning, business planning etc, etc…

    Outsourcing these types of operations and others can help to lighten your load, improve your focus and your business productivity. This helps you to start and finish projects quickly and gives you more time to invest in more business opportunities. Onshore outsourcing can help you to manage and reduce risks. Outsourcing can help your small business look “big” by giving you access and support to the same economies of scale, efficiency, and expertise that large companies enjoy. Get started and outsource today!!!

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    • JOSIE HICKS 9:51 am on June 1, 2010 Permalink | Reply

      I don’t think I’ve seen this described that way before. You actually have clarified this for me. Thank you!

      • Clerical Business Solutions 11:04 pm on June 4, 2010 Permalink | Reply

        Hi, Josie,

        I’m glad that it helped you understand a little more about outsourcing. Outsourcing can help individuals & businesses big & small in so many ways.

    • capcorp 4:29 pm on August 14, 2010 Permalink | Reply

      I couldn’t agree more. As a business coach, this is something I have encouraged my clients to do. That recommendation lead three of my partners to start VirtualEStaff — A US based company located in Wilmington, NC with offshore operations in the Philippines. VirtualEStaff provides virtual assistants / virtual employees @ $5.50/hour.

      http://www.virtualestaff.com

  • Renee: CEO Coach & Management Specialist 11:32 pm on April 21, 2010 Permalink | Reply
    Tags: , , , , risk, risk strategy,   

    Make improvements to your business by ma… 

    Make improvements to your business by managing risks. Risk is inevitable, avoiding risk impossible. Depending on the owner’s level of risk tolerance, a company may face more risk than security. You have to learn to manage or master the different stages of risk in your business. The risks that you should look out for and learn to manage is:

    1. management & team
    2. financial
    3. technology & production
    4. marketability & competition
    5. growth

    There are so many things that you can do to improve these areas. Take a look at your risks, how to manage them and your ability to to manage them to improve your business. Analyze your entrepreneurial capabilities. Analyzing that is a big part of your risk management. Learn how to manage your business money or seek help.

    A serious risk is relying too heavily on one person to take care of pertinent functions. Anyone can get hurt or lose their job. So learn to delegate & outsource to help reduce some risks in your business or projects. Make sure that you have insurance & backup for different aspects of your business. Addressing a few of the above issues can significantly reduce the level of risk in your small business.

     
  • Renee: CEO Coach & Management Specialist 3:53 pm on March 20, 2010 Permalink | Reply
    Tags: adaptability, , , risk   

    An Important Business Attribute: Adaptability 

    A  highly important organizational attribute is adaptability. To achieve success in many business endeavors requires the ability to adapt to changing situations. Having adaptability is for leaders, managers, team members, ceos, professionals, co-workers & business partners.

    If you strategize, plan and make room for change, then you just may be able to adapt in a changing business climate. Because of a rapidly changing business climate, many businesses are on the brink of being  irrelevant. Is your business one of them?

    Many of them are in that situation because of their lack of adaptability. Unless your business and team members can change as fast as change itself, then your business will be the next to be irrelevant. The ability to adapt to changing markets and the ability to see those changes coming quickly enough to react appropriately, is critical to survival in the fiercely competitive business world of today. In order to be able to survive, a company/ organization must find a way to make innovation everyone’s job and inspire extraordinary accomplishments from within the team.

    By taking stock of your needs & the company’s needs, evaluating the necessary changes to your business operations and putting these changes into effect, can help you to gain a competitive advantage.

    You can also take into consideration of utilizing an outsourcing solutions provider such as a (VBA)Virtual Business Administrative/ Management Assistance. Because as your business changes a VBA can grow & change with your business or projects. This working relationship can be accomplished by working with you and/ or your team in the midst of your change or just on normal business operations.

    Many times things don’t go as planned, so how will your company adjust and move forward? Having an adaptable company means flexibility. A company should be flexible enough to have a strategic plan but be able to adjust your strategy when unforeseen circumstances arise.

    Being flexible allows your company and team members to respond to changes without being paralyzed with fear and uncertainty. You all can keep a cool head and proceed through the changes. Not all changes will bring about sever problems, sometimes they could just be minor setbacks or a quick change in operations. Many times changes or setbacks can be opportunities.

    Organizations that survive are those that are flexible enough to adapt to those changing circumstances. A company must become a learning organization that can change and adapt to suit their changing business environment. A learning organization facilitates the learning of all its members and working to continuously transforms itself. Learning is key and helps with change and adaptability.

    An organization should have the ability to enable, extend and enhance learning on an enterprise level. This change requires not just incremental improvements in the efficiency and effectiveness but exponential change. It’s a transformation in thinking.

    It’s important not to shy away from change but instead take it on and look for the opportunities within it.

     
  • Renee: CEO Coach & Management Specialist 12:08 am on May 29, 2009 Permalink | Reply
    Tags: , chance, , , , , , risk, ,   

    When Trouble Comes Knocking At Your Door 

    Once you get your business up and running, you may feel like you can just sit back, relax and enjoy the good times to come. Well getting a business started is a battle in itself. Just about every other month, day or week you’lltrouble_with_business_accounts_1 read about or see a business dealing with a crisis. Whether it’s a public relations crisis or serious equipment failures etc… At some point in your business you’ll have to deal with some sort of crisis.

    That’s when crisis management comes into play. Crisis management is an important part of managing a business. No business is immune to a crisis. A crisis may hit an organization in the shape of public relations, terrorist attack, industrial accidents, product recall, natural calamity,etc…. Crisis management is closely linked to public relations where a company’s image and pride are at stake.

    You’ve got to have a strategic plan ready, your game face on & be ready to tackle these issues. Having a game plan before hand will help you to see your way through. Just like having a business plan before starting a business, having a crisis management plan before a crisis hits, is the way to go.

    You always need a strategic plan for your business from start up throught daily management. How can you make it without a definitive strategy? Well not very long if you don’t have it together. How you manage your business on a daily basis, along with strategically preplanning for a crisis will determine if you will come out on top in the end.

    Have you ever thought about working with a strategic business management company? If not you should give it a go because a strategic business management company that has your best interest at heart can help you to navigate your way through the rough waters of business development through daily management.

     
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