In this episode of Well-Oiled Operations, host Stacy Tuschl dives into the key factors that make outsourcing profitable for your business and improve your bottom line accounting.
Many business owners make the mistake of hastily hiring without considering the essential aspects of profitable outsourcing. The first step is to ensure the math works and determine which positions will yield a quick return on investment. Revenue-generating team members are crucial, and it's essential to hire individuals who make more than they are paid. The episode explores various hiring options, such as contractors, employees, virtual assistants, and the importance of picking the right hire for your business's success. She debunks the myth that hiring is expensive and highlights the value of investing in skilled revenue generators. Learn how to turn outsourcing into a profitable strategy and unlock growth opportunities for your business.
Also in this episode:
- Ensure the math works and determine positions that yield a quick return on investment.
- Focus on hiring revenue-generating team members who make more than their salary.
- Explore various hiring options, such as contractors, employees, and virtual assistants.
- Prioritize picking the right hire who will significantly contribute to your business's success.
- Master the skill of getting new hires revenue-generating within 30 to 90 days.
- Invest in positions that directly or indirectly impact your business revenue, like reactivating past clients, hiring an executive assistant, or a social media strategist who focuses on results, not just actions.
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About Stacy Tuschl And Well Oiled Operations:
As a best selling author, speaker, and successful business owner, I empower small business owners to thrive. Through my Well-Oiled Operations™ approach, I assist entrepreneurs in attracting customers, increasing profits, and finding personal happiness. My proven process helps students overcome challenges, reach their full potential, and establish self-sustaining ventures—all while maintaining a balanced life. You shouldn't sacrifice your well-being for your business; your business should enhance your life. I understand the worries and doubts you face, but trust me, your dreams can be realized. Let me guide you in transforming your local business into your ultimate vision, fostering tranquility, prosperity, and fulfillment.