Operating a small business WITHOUT accountants, lawyers etc...
The average small business owner in the United States now spends
between 35% and 45% of their time handling just the employee
related paperwork. The typical small business owner has the
burden of running payroll, buying workmans compensation
insurance, providing employee health insurance, processing W-2s,
tracking and filing all payroll taxes, mailing all forms on
time, maintaining compliance with all federal, state and local
laws and defending you and your company against workers
compensation claims and audits just to name a few!
Usually, a small business owners lawyer is in one city and
accountants in another city. Payroll is done by ABC payroll in
yet another city. Now small business has to deal with soaring
workmans comp., and employee health insurance costs. It's no
wonder small businesses fail. And it's fast becoming a trend to
NOT start a small business at all. Who can keep up with all this
chaos and still earn a measly profit anymore?
Well folks, it's the 21 century and it's time you started
running your small business that way! To continue plodding along
without upgrading your business practices will certainly doom
your dreams of wealth. Don't believe me? Just continue your
daily rut of paperwork and dealing with employee problems and in
a year or so compare your business with your competitors who
have upgraded and see for yourself who is playing golf all day
and who isn't.
So how does one upgrade their small business from wasting time
and money the "old" 20th century way to the new 21st century way
of doing business that wastes zero time and earns you profits
beyond your wildest dreams?
It's simple and you can start today... By firing your lawyer(s),
accountant(s), human resource managers, benefits manager, risk
managers and information managers. Thats right, fire them! And
outsource all of these tasks to a Professional Employment
Organization! Or a P.E.O. for short.
A P.E.O. manages the "business of employees" so you can manage
your business for bottom-line profits! If your competitor is
already using the services of a P.E.O., 35% to 45% of their time
is spent earning profits and not dealing with employees. Is that
the type of competitor you want to go head to head with? The
competitor with a huge advantage over you? I would tend to think
NOT.
And your competitors employees are receiving fortune 500
quality health benefits that keeps them happy and on the job
working hard while your employees, if lucky get low rated health
benefits if any at all. Your competitor makes one phone call to
one P.E.O. and EVERYTHING is taken care of. Period.
Of course there is so much more to a P.E.O. then could be
explained here. So Im encouraging all small business owners who
are looking for the 21st century way of doing business to
further educate yourselves by getting the full details of how a
P.E.O. can turn your sagging profits into the bottom-line gains
we will all need to survive in these trying times.