Monthly Archives: September 2011

Outsourcing for Survival

Outsourcing was once seen as a strategic tool to gain a competitive advantage over your competitors.  It is now being used as a way of increasing a business’ survival during what is now seen as one of the worst period of our economic history.

Outsourcing is defined as any task, operation, job or process that could be performed by employees within your company, but contracted to an external third party.
The continuing downturn in the economy has seen the number of customers looking for goods and services dwindle, thus creating an ever increasing competitiveness amongst businesses.

As business conditions decline the same numbers of employees are no longer required, and business owners are faced with the situation that they now need to cut costs and cannot afford to keep the same staffing levels, however, there are still responsibilities that need to be carried out to keep the business moving forward.

In the above situation there is only one conclusion and that is to take the hard decision, and reduce staffing levels to ensure the business survival through this downturn but in doing so it ensures the ongoing business is now in a much better situation for when the economy turns around, and staffing levels can return to normal.

For your outsourcing requirements to ensure your business survival through this difficult time why not contact The Virtual Office, to see how we can help you to cut costs.

Next week we will be looking at outsourcing for growth.

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3 Ways to Recover from a Blunder!

Eventually, every leader will need to apologize for a mistake.

Here are three steps to take when it’s your turn:

Admit the mistake.

Fessing up expedites the recovery process. While it’s tempting to shirk responsibility or slink away, it only makes matters worse.

Try to laugh at yourself.

If it’s appropriate, go ahead. Joking around gives others permission to do the same. After all, nobody wants leaders who take themselves
too seriously.

Reframe the discussion.

People will want to talk about the mistake forever. Give the blunder its due, but refocus the conversation on what matters most: moving forward.

Turn Stress into an Asset!


Stress is unavoidable, but it doesn’t have to be damaging. When managed correctly, strain can positively impact productivity and performance. Here are three things you can do to make stress work for you:

 

 

Recognize worry for what it is. Stress is a feeling, not a sign of dysfunction. When you start to worry, realize it’s an indication that you care about something, not a cause for panic.

Focus on what you can control. Too many people feel bad about things they simply can’t change. Remember what you can affect and what you can’t.

Create a supportive network. Knowing you have somebody to turn to can help a lot. Build relationships so that you have people to rely on in times of stress.