How Your Small Business can Survive the Great Resignation
America is experiencing a labor shortage unlike any in our past. With employees taking non-traditional jobs, retiring early and starting their own businesses, organizations across sectors are struggling to stay fully staffed.
Here are four sets of actions you can take to address the worker shortage:
- Make the work more gratifying and viable for the long-term,
- improve your relationship with your employees,
- take action to entice people to your business and
- figure out how to do more with less.
Doing More with Less
For small businesses, it can make more sense to cut your labor need than to figure out how to compete in a tough labor market.
One simple way to cut your workload is to outsource administrative tasks such as bookkeeping. If you are short on staff, it might not make sense to waste man-hours doing your books in-house. Besides, time spent on bookkeeping doesn’t generate revenue.
Independent Cincinnati bookkeepers like BookWerksTM can likely record your transactions and provide timely reports more efficiently than you, freeing some of your time up for revenue-generating tasks.
There may also be automation alternatives for simple, redundant tasks that can reduce your labor needs, or services you can drop from your offerings temporarily without hurting the business.
Want to explore finding more time in your workday by outsourcing your bookkeeping? Contact us to set up a free, no-obligation consultation.