The pandemic is a blessing in disguise. The business world had to adjust its operations big time when the pandemic hit. Many people lost their source of income, others were not able to go home to their families, and some lost a loved one. It has really been devastating, so how can I say it was a blessing?
Running a business is costly. Nowadays, everything has a price. Small businesses can cost a minimum of $3,000 to start, which doesn’t include the overhead costs yet. Operating expenses or overhead costs are expenses that help a company stay in business. This expense includes spending on the equipment of in-house employees, leasing an office or warehouse space, utilities, insurance, maintenance, and many more. These factors can greatly hurt your budget, especially if you’re just starting
Saving as much as you can while running your business should be one of your main goals. Who knows when the next pandemic will hit? Will you be able to sustain your business? What if a disaster strikes? Will your company be able to continue its operations right away? If the answer to these questions is ‘NO,’ then it is time for you to rethink your business strategy. Create a strategy that will help you save on operating expenses for the years to come.
What Can Chief-of-Staff Do for Your Business that You Can't?
A chief-of-staff is a person who provides contractual services independently. Their job is to provide administrative, marketing, accounting, customer support, content creation, web development, graphic design services, and social media management to entrepreneurs and business owners.
As a busy business owner who’s already juggling many tasks, hiring a chief-of-staff is a great choice. Sure, you can do everything by yourself, but do you think you have enough time to spend? It is not a matter of not being able to do certain tasks, but a matter of how soon do you want to reach your business goals. A chief-of-staff can certainly help you with that because they can streamline your business processes and make you more efficient.
Chief-of-staff are in high demand not only because most businesses now operate virtually, but also because of their reliability, flexibility, and resourcefulness.
3 Reasons on Why You Should Start Hiring Chief-of-Staff Now
1. You cannot do everything by yourself
As a business owner in the start-up phase, you might think that you can handle all the tasks that your business requires by yourself. You would think that hiring or building a team would mean a decrease in your net profit. Well, that may be true at first. When your customer base increases, what then?
The demand for your services or products will eventually increase, and when that time comes, you will gradually find it hard to handle everything all at once. You will start missing deadlines every now and then. Since the client or customer demands increase, customer inquiries will also surely increase. Social media presence is a must in a business nowadays and the daily posting of content on several social media platforms will become very time-consuming.
As your business grows, you will eventually feel that the 24 hours of your day will not be enough to accomplish all the tasks that your business requires.
2. Chief-of-Staff free up time to focus more on high-value activities
There are several services that various chief-of-staff can provide and the most common is handling the administrative matters in your business. Keeping track of deadlines, scheduling meetings, answering e-mails, and handling social media posts are just some of the administrative tasks that chief-of-staff can do for you. This task might not need much effort and skills, but it may be very time-consuming when the volume of your clients or customers increases.
Chief-of-staff will help free up time for you by taking care of the daily administrative tasks of the business. This way, you will have more time to do more important things. Things such as improving the current business strategy, mapping your social media marketing strategy, closing sales, and other high-value activities will create new business opportunities without any worries. Chief-of-staff give business owners and entrepreneurs peace of mind that someone will look into the smallest details even when you are not available. Additionally, chief-of-staff will help you focus on looking for new ways to grow the business.
3. Increased Productivity and Efficiency = More Sales
Efficiency and productivity are the two most significant factors why today’s businesses stay competitive in the existing market. These factors would help your business thrive by providing quality services or selling quality products at a very competitive price. Increasing your business’ sales is the most important reason why you need chief-of-staff in your business.
The first two reasons would somehow prove that chief-of-staff can enhance the efficiency and productivity of your business in so many ways. Chief-of-staff are professionals who are highly skilled and have undergone training. They are capable of creating a system that will help your business become more organized, from scheduling meetings to keeping books. They use different software such as MS Office Applications, QuickBooks, Trello, HubSpot, and many more. These tools are available to help make the daily business operations run smoothly.
There are a lot of services that chief-of-staff can provide and just having one will sometimes not be enough. If that is the case, you can create a team of chief-of-staff that will have the same goal: Which is to become one of the successful businesses in the existing market. Hiring a team will help you take advantage of the reduced operating costs of hiring chief-of-staff compared to full-time in-house employees.
Sometimes, you might think that hiring full-time in-house employees is the answer to the increasing demand for the services or products of your business. Luckily, there is a more cost-effective option to meet your business’ demands and needs, and that is to hire chief-of-staff.