How Do You Remain Competitive In This Cut-Throat Economy?

How Do You Remain Competitive In This Cut-Throat Economy?

Consumers’ behavior has never been changing this fast. We want a tailored and exceptional experience, making every dollar we spend worth it. Does your company business model translate unto this demanding world? Most entrepreneurs have great talent, usually the reason why they went into business in the first place, yet, consciously or subconsciously, they stall the progress of their company: they think they can do it all!   Leverage skills: What if you could use people that know more stuff that is useful to the company while you focus on generating income? Entrepreneurs have long seen outsourcing as a strategy reserved for big business but technology, accessibility and corporate drop-out have made it a more accessible tool to powerfully impact your bottom line. With highly qualified professionals as subcontractors on board, upgrade your skillset pool, execute at a higher level and save yourself the burden of paying payroll taxes, health insurance, worker’s compensation, etc. If you have space constrictions, it will also enables you to grow your company without increasing physical property expenses.   Manage human capital: Most businesses still consider consumers and employees as separate. Wrong! Wrong! Wrong! People, clients and workers alike, are your most valuable assets.  They are the ‘raw material’ that create wealth. How you manage your human capital will directly impact your level of revenue. “Small business, augmented by a global pool of human capital, can compete directly with the biggest players in their space, and win.” says David Walsh, entrepreneur and author of Source Control, an e-book on effective small business outsourcing. So dream bigger and play in the major league!   Let go:...