How many times this week have you been working late hours to stay on top of your Business admin?


How many
times this
week
have you
been
working late
hours to stay
on top of
your
Business
admin?

Time and money stress are normal for Small Businesses


Time and money stress are normal for Small Businesses

A survey of Australian Small Business Owners in 2016 by Scottish Pacific showed that almost 90% of SMEs work more than 50 hours a week, and almost half work 60-80 hours a week on their business.

This is a far cry from the Small Business dream you signed up for RIGHT? 

Didn’t we all go into business to have the opportunity to have freedom, time and an much better earning capacity? 

But the unfortunate reality is that while it is possibly advantageous to work extra hours in order to get a project completed or get that next big contract “across the line”, humans are not designed to sustain long days and little sleep for extended periods. 

Doubling your working time does not linearly double your output, and forcing yourself into a perpetual cycle of overwork quickly starts to impact the effectiveness of everything you do. What once took 3 minutes now takes 10 and, even with the extra time taken, often the number of errors in your work and processes also increases

How many hours did you spend on business admin this week?

How many hours did you spend on business admin this week?

Why are so many Small Business Owners trading the dream of a better life for a nightmare of insomnia and cash-flow stress?


Why are so
many Small
Business
Owners
trading the
dream of a
better life for
a nightmare of insomnia and
cash-flow
stress?

Small Business Owners quickly become multitasking experts... or do they?


Small Business Owners quickly become multitasking experts... or do they?

Multitasking becomes a core capability for a small business owner very quickly. At first you are starting out and have an excess of free time as you try to build your customer base so it makes sense to fill the day getting other work completed.

But we quickly develop this feeling of invincibility in our ability to quickly change from task to task in our business and so we keep with the multitasking approach even when the business grows and becomes more and more busy. 

Filling an 8 hour day with a myriad of different jobs to keep everything running morphs into us trying to get everything done ourselves even if it take us 16+ hours a day to achieve.

The truth is that you are not doing yourself or your business any favours by trying to do everything. Independent studies have found that Multitasking can reduce your productivity by up to 40% as the brain changes “gears” and switches from the existing task to the new task. So not only are you exhausting yourself by working those excessive hours, you are potentially wasting up to 32 hours of your 80 hour week in attempts to do everything. 

So why would you persist to try to do everything when it now takes you much more than a standard day to complete. The expected loss in productivity and potential for errors due to exhaustion and task switching all but neutralizes any benefit you may believe you are receiving from doing it all yourself.

Are you sick of long hours and low efficiency?

Are you sick of long hours and low efficiency?


I have tried
outsourcing
before but I
failed.
What could I
do to make
it work for
my business
this time?


I have heard so many stories from others about how their outsourcing attempts went wrong

7 Steps to Successful Outsourcing for Small Businesses


7 Steps to Successful Outsourcing for Small Businesses

Outsourcing needs to be considered in much the same way as any other business function. Unfortunately many businesses leap into ill-advised outsourcing efforts in a blind attempt to realize a mythical treasure of untold fortunes in savings. Only to find that without the correct structure and support in place these predicted savings have led to unfavourable outcomes.

In our recent report, “7 Steps to Successful Outsourcing for Small Businesses” we identify the key reasons for outsourcing failure and the methods to minimize the risk of failure and turn outsourcing into a significant asset for the growth of your business. 

Factors discussed were items such as:

  • Knowing your business
  • Focusing on value over price
  • Having realistic expectations
  • Documenting as much as possible
  • Treating your outsourced staff the same as you would local employees
  • Working to combat feelings of isolation with your offshore staff; and
  • Knowing EXACTLY who is working for your company
All of these aspects together can dramatically increase the likelihood of a successful working relationship with an offshore employee.

Are you ready to benefit from outsourcing done right?

Are you ready to benefit from outsourcing done right?


Everything
about my
business
is in my
head.






Everything about my business is in my head

If your Business does not document processes, you do not have a saleable asset.


If your Business does not document processes, you do not have a saleable asset

Business processes are often an afterthought for many business owners and CEOs regardless of the size of the business.

Initially we start out our business and it is just us, creating and documenting processes seem to be a waste of time since, in the end, we are actually going to be ones doing the work. So for many startups the focus is upon doing the work as opposed to creating a repeatable process to follow. 

However as we grow, the need for processes becomes more and more prevalent. As we grow beyond soloprenuer status into a small business and beyond, the only way we can ensure things are done correctly is to have an actual process for others to follow to achieve the same results. 

The same applies for many businesses looking to start scaling and utilizing outsourcing to increase their capacity to serve their customers. The most common reason for inactivity is not having an idea of what needs to be done and no documentation to facilitate it being done by someone else.

Process documentation and specification not only allows reproduction of activities to reduce your personal load in your business, it is also a critical aspect that affects your business valuation and saleability in the future. Without processes, the only part of your business that is considered an asset will be (a fraction of) your existing customer base. 

A  great potential business can become severely devalued to a buyer or investor simply due to the fact that there is no documentation for the new owner to follow to continue your success.

Maybe it’s time to start thinking about getting your business processes documented and repeatable.

Ethical Outsourcing’s CEO, Brian Le Mon has worked as a business consultant and mentor extensively in efficiency and processes. As an offer to new clients, we are offering a complimentary 1 hour process strategy and creation session with Brian to get your business on the right track. (sessions on-site for Melbourne, Victoria clients, remote via Skype / Zoom for interstate clients)

Get in Touch below to book a session.

I need help getting my processes documented?

I need help getting my processes documented?