#PoisedforExit guests featured JB Lloyd and Jill Petschl of Oasis. With the abounding matters that business owners deal with everyday, HR matters are at the top of the list. Oasis publishes an annual survey of business owner responses to various questions about owning and operating in today’s business environment. In this way, they keep a pulse on what’s happening with their clients and can modify or add services as necessary and needed.
The survey itself consisted of 450 business owners. Many of the statistics derived from the results will not surprise you, but the biggest obstacle owners are facing today is in managing their people.
Another staggering statistic derived from the survey is that 78% of the 450 respondents said they spend an average of 10 hours per week on HR matters. That’s a lot of time! When you put pen to paper, how much is that time worth that could be spent doing higher level things like implementing growth strategy, acquiring new customers, and the like?
A few of JB’s recommendations for business owners to recruit and retain top talent:
- Think beyond pay increases
- Offer meaningful benefits that impact the whole person
- Outsource services that bog you down
Sunbelt Business Advisors is a proud sponsor of the Poised for Exit Podcast. The Poised for Exit podcast seeks to help entrepreneurs improve, grow – and successfully exit – their businesses.
Julie Keyes, a life-time entrepreneur and founder of KeyeStrategies, understands what keeps an owner up at night and the balancing act required to work both ‘in’ and ‘on’ the business. The firm’s mission is to help business owners increase enterprise value and prepare for a future exit.
Julie believes in providing outside perspective and mentoring, which made all the difference for her while spending years growing and improving her companies before selling and becoming a business adviser in 2011.