What would 10 percent more growth in your business mean for you?
Business growth is the name of the game. A business that isn’t measurably improving either it’s ability to generate more revenue or operate more efficiently is stalling.
In today’s harsh business climate, many small enterprises are simply stalling.
McKinsey & Company puts small business confidence at its lowest level in 20 years. For the very first time in American history, business deaths now outnumber business starts. In other words, the small business sector is still grappling with a new, sparser reality where any growth that occurs will be hard-fought and hard-won. However, while growth in today’s economy is not guaranteed, it’s not impossible. For the discerning owner, there are any number of ways to drive growth and build a successful business. Hiring a PEO is one proven way to do just that.
PEO: The Small Business Weapon
A comprehensive 2013 study by McBassi & Company revealed that small businesses that employed a PEO grew nearly 10 percent faster than firms that opted to go it alone.
That’s quite significant.
- Healthcare & Benefits: PEOs leverage their buying power to provide comprehensive plans for their clients at affordable prices.
- Compliance: PEOs ensure compliance with all state and federal regulations preempting costly litigation or penalties.
- Payroll: PEOs offer comprehensive and cost-effective solutions, and worry-free administration.
- Human Resources: A conservative estimate is that PEO clients enjoy a 21 percent savings on HR administration.
- Risk Mitigation: PEOs help bear the burden of legal liability with their client firms and allow business owners to focus on their core business.
PEOs handle all of these critical aspects of a business, and, as a result, achieve significant savings, secure expanded benefits, and improve worker productivity. In other words, PEOs can positively affect all the factors that promote real business growth.
As many small enterprises are now learning, a good PEO can be their greatest asset in today’s tough business climate.
If you could boost growth by 10 percent today, how would that affect your business bottom line?
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