How You’re Wearing Too Many Hats as a CEO

Did you know that, according to a study done by Harvard business school, CEOs work 9.7 hours per weekday, on average?  They also conduct business on 79% of weekend days and 70% of vacation days! It’s safe to say that CEOs rarely have time for anything other than leading an entire company.

Small business CEOs typically handle all bookkeeping, human resources, administration, and even phone answering. With all these duties plus more, it’s no wonder they’re spending vacation days working. Luckily, I have some information for you that can help. Outsourcing. Yup, that’s it; one word. In this blog post, I will tell you how outsourcing can increase the one resource CEOs can never seem to find enough of. That resource is time.

Outsourcing your various responsibilities can open your schedule to do things that matter most to you, such as sales and technology. Bookkeeping can be one of the most time-consuming tasks a CEO must perform. Some benefits of outsourcing your bookkeeping are:

1. Eliminating time and costs of the hiring process
2. Utilize expert bookkeepers without a training gap
3. Keep your company financially organized
4. Minimize paperwork
5. Prepare for tax season with no extra effort
6. Save time

Many administrative tasks can be not only time-consuming, but costly as well. With there being so many different duties that fall under the administrative umbrella, outsourcing to a company that specializes in administrative work can have great benefits such as:

1. Save on staffing and payroll costs
2. Access a larger talent pool
3. Manage risk
4. Save time

Answering the phones can be distracting when handling various functions as a CEO. Being able to dedicate uninterrupted time to your business is important. Outsourcing phone calls to a phone answering service can provide this for you. Here are some other benefits of outsourcing your phone calls:

1. Meet demand
2. Professional support
3. Always a warm welcome
4. Capture out of hour callers
5. Save money on hiring costs
6. Save time

Even human resource responsibilities can be outsourced with great benefit. Providing services like e-verification, filing, and reporting are just some of the matters an outsource HR company can cover. Utilizing a company that provides these services and more, can be a big help to CEOs/small business owners. Here is a list of some benefits offered by outsourcing your various HR  tasks:

1. Save Money
2. Mitigate risk
3. Efficient Performance Management
4. Streamlining vital functions
5. Save time

In conclusion, allowing your many responsibilities, as a CEO, to be outsourced can save you more than just money, but your precious time as well. The Project Pros has all the tools needed to ensure your outsourcing experience is as positive and efficient as possible. Our knowledgeable staff and many resources make us the most effective outsourcing company for small businesses. We all have the same 24 hours in a day. Make the best of yours by outsourcing your work to a professional and comprehensive company, such as The Project Pros.

References:

Camberato, Joseph. “The Top 9 Benefits Of Outsourcing Bookkeeping For Your Small Business.” National Business Capital, 10 June 2020, https://www.nationalbusinesscapital.com/blog/benefits-of-outsourcing-bookkeeping/. Accessed 20 Apr. 2023.

Porter, Michael E., and Nitin Nohria. “How CEOs Manage Time.” Harvard Business Review, 2018, https://hbr.org/2018/07/how-ceos-manage-time. Accessed 20 Apr. 2023.