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September 2019

When success holds you back

GOING IT ALONE

It’s the creed of the explorer, the frontiersman—and you, the entrepreneur. You’re running your own business because you know something about it that others don’t, and that makes you valuable.

Better than valuable, in fact. It makes you indispensible. I love that feeling— I’m an entrepreneur too.

And like you, I know that tipping point that all growing, successful small and mid-sized companies eventually reach. The point where you discover that the one thing holding your company back is success itself.

Especially the people and HR obligations and overhead that come with a growing company.

THE LOST TWENTY PERCENT

HR responsibilities grow slowly, incrementally, increasing as a business grows. So the actual costs aren’t always obvious. But consider that even an average small business of 20 to 50 people can require about a day per week from you—the most valuable employee of all— just to fulfill the HR function.

That 20 percent of your work week really adds up fast. If your billing rate is $250 an hour, for example, HR is costing you almost $100,000 per year. Yes, you read that right. And that’s not even accounting for the hours of lost sleep you get on the side.

THE LOST TWENTY PERCENT

HR responsibilities grow slowly, incrementally, increasing as a business grows. So the actual costs aren’t always obvious. But consider that even an average small business of 20 to 50 people can require about a day per week from you—the most valuable employee of all— just to fulfill the HR function.

That 20 percent of your work week really adds up fast. If your billing rate is $250 an hour, for example, HR is costing you almost $100,000 per year. Yes, you read that right. And that’s not even accounting for the hours of lost sleep you get on the side.

RESOURCING THE HUMAN

Outsourcing HR functions is an attractive option for small and mid-sized businesses to win back their valuable time. I know from personal experience that taking off the HR hat isn’t easy for everyone, however. It’s hard, letting go of the everyday involvement. It gets harder if you’re worried that the company or technology you’ve bought can’t replace the human element you’re used to providing.

That’s why emphas!sHR puts that human contact at the center of every relationship. Check out more about our dedicated HR specialists and why the human is the most important new trend in Human Resource Outsourcing. Once you’ve got that time back, you’ll find that going it alone is a lot more rewarding again.emphas!sHR.com