What Was Your Focus When You Started Your Business?

In its simplest form, running a business is about two goals… Growth and Profitability. 

Growth    

+

 

     

Profitability 

In order to achieve those goals, you need a solid strategy and the ability to execute it.

 

Strategy   

 Execution 

 

In order to successfully execute your strategy, you need engaged employees who contribute to your company’s success.  Unfortunately, organizations often fall short of their goals. 

 

Growth

+  Profitability 

 Strategy 

   Execution

EE       

Contribution

According to a study conducted by Bloomberg, 61% of companies who did not achieve their growth and profit goals attributed their shortcomings to the inability to properly execute the strategies they identified for success.

 

Growth

+ Profitability 

61%  Strategy 

≠  Execution 

In that same study, Bloomberg found 60% of engaged employees felt like they weren’t contributing to the companies overall strategy.

          

Growth 

+ Profitability 

61%     Strategy  

≠ Execution 

60%    EE      

≠ Contribution 

As we visit with leaders of businesses like yours, we hear that as much as 25% of a CEO’s day is spent on employee administration and HR related issues.  That’s time not spent on the strategy and execution of your growth and profitability goals.

 

 

 

Growth 

+  Profitability 

61%     Strategy 

≠  Execution 

25% HR

A recent publication by the National Association of Professional Employment Organizations shows that companies who choose to leverage a PEO relationship outperform their peers by 9%.  So, freeing up time spent managing employees has an impact on the bottom line.

 

 

+9%  PEO  =

  

 

=  

=