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Running out of gas, running your own business? The constant needs and new challenges that come with owning a small business make being the boss both exciting and exhausting.
Just some of the issues you might face within the first five minutes of your workday today: Are you ready to take microchip credit cards? Have you taken new online training for cyber security? Are you taking advantage of state incentive programs? What do you plan to do today to keep your finger on the pulse of your customers?
So many aspects of a small business require attention, and you have to make a choice on where you focus your energy the most.
According to an article published in the September 2015 Harvard Business Review, finding and keeping a competitive advantage is more important than managing the day-to-day operations and will provide you more success in the long run. Makes you ask the question: Are you spending too much time managing and not enough time researching and reaching out to your customers?
It’s an easy fix if your answer is yes. Time to consider outsourcing employee management to a Professional Employer Organization or PEO. The most recent data analyzed from the U.S. Bureau of Labor and Statics and the Intuit Small Business Employment Index show that businesses who use a PEO to take over employee management aspects: