Identifying seemingly small ways to boost your 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺 can play a critical role in your business valuation firm’s success. Conversely, it’s also smart to pay attention to all those “minor” 𝘪𝘯𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘪𝘦𝘴 that, over time, can drag your firm down and prevent it from achieving its full potential. For example, what tasks are you personally handling that, let’s be honest, someone else could take care of? How many hours each week are you spending on them? If it’s more than five, you’re losing the equivalent of two+ days each month on projects you don’t need to be handling yourself. You could bring on additional staff to help out. But the time, money, and effort you expend recruiting, interviewing, onboarding, and training your new hires can easily become a net loss if there’s too much turnover and you have to repeat the process, or if there’s a lull in your workflow and you have to pay them to sit idle while everyone waits for things to pick back up. Outsourcing solves both problems: You can hand the business valuation work you don’t need to be directly involved in over to a trusted partner, and someone else handles the process of vetting and training them so you don’t have to. Plus, you don’t have to keep them on during the slow periods. The trick is just to find the right outsource firm, the one that really will become a trusted partner. At Assurent Advisors, our business valuation analysts are top-tier and ready to start and stop whenever you need them to.
