Everyone wants their organisation to be successful, but even if your company has gone from small to mid-sized, it doesn’t mean that you’re all set for the long run. Given how fast industries and the global economy are changing, it’s crucial for businesses to continuously adapt.
Is your company becoming stagnant?
Organisations that aren’t open to change are going to end up in trouble. Bear in mind that changing means growing, and growth leads to success. You must constantly evaluate if you need to outsource jobs to the Philippines, if your mission statement is outdated, and so on.
Here are some of the tell-tale signs that your company is in danger of stagnation:
- You have stopped giving it your all for your customers and clients but are content with the mediocre.
- You hire a freelancer in the Philippines based only on their skills without looking at the cultural fit.
- You have lost the drive, motivation, and enthusiasm that you had when you first started this work.
- You are unsure as to the purpose behind every decision or action that you make for the business.
- You have neglected to celebrate the wins, such as completed projects or closed deals with big clients.
- You are having a hard time with adding to your customer base and rely on your existing buyers.
- You are hiring Filipino remote workers but you don’t make them feel like they belong there.
- You no longer see any movement in your data but have experienced a plateau or drop in numbers.
- You have not launched any new products and/or services in the past 12 months nor have fresh ideas.
- You notice that those in management positions are hesitant to participate in constructive discussions.
- You have focused a huge chunk of time and resources on processes and policies than on new ideas.
- You are neglecting your branding and how your target audience perceives your organisation as a whole.
- You have poor controls and systems with undocumented tools and procedures leading to inefficiency.
- You lack the funds to offer new products and services as well as to hire a Filipino freelancer.
- You are gaining new customers to compensate for those who are leaving for other businesses.
- You keep recruiting the wrong people for jobs and end up having to recruit and train candidates again.
- You have a hard time keeping up with deadlines once the number of projects or tasks increases.
- You establish sales goals based solely on past performance without considering the market or economy.
- You lack a clear strategic plan on how you want your organisation to grow within the next few years.
- You are adamant about keeping company traditions and sticking to the things you’ve always done.
How do you make your company level up?
If your mid-sized business happens to show any of the signs that we’ve mentioned above, it’s time to get out of your own head and gain perspective on your situation. Give the following strategies a try so you may take your organisation to the next level.
Setup a management system
It’s hard to track sales and service transactions manually so use tools that will automate the process. While spreadsheets are an excellent place to start, you might want to invest in cloud-based systems like SalesForce if your objective is to scale your company.
Consider having a loyalty program
Selling to an existing customer is a lot cheaper than it is to acquire a new one, which is why you want to maintain your customer base to boost your sales. Provide a clear incentive so they spend more money with you. Starbucks, for instance, lets you collect stamps that you may exchange for items.
Maximise global platforms
Rather than create a customised one from scratch, it’s better to use the platforms readily available. If you’re an ecommerce business, for example, look at how you may use Fulfillment by Amazon. If you’re a homeowners’ association selling units, check out how AirBnb may benefit you.
Keep on learning new things
No matter how much knowledge you acquire nor how many awards you get, there will always be more and newer lessons for greater success. It’s not necessary that you and your team have to learn in a traditional classroom setting as you may always advance your knowledge through online training.
Learn to delegate properly
Nobody is telling you to handle every aspect of the company on your own as this only leads to burnout. To achieve new heights, it’s better to have your employees contributing towards your goals. Try to hire a virtual assistant in the Philippines for administrative assistance, for instance.
Take a look at your competitors
When you’re aiming to gain the attention of the masses so they choose you over the competition, it’s important to check what your rivals are doing. See what strategies they’re using to advertise their products and services and which of these are more effective than your current methods.
Examine your strategy regularly
While it’s possible to forecast the trends for the following months or year, there’s no guarantee that it’s accurate. This is why it’s crucial for your organisation to be flexible with your strategy. Evaluate the performance of your strategy at least once every quarter to know which areas need improvement.
Identify new business opportunities
Gain a better understanding of your target demographic so you may determine new opportunities. Analyse the global market if you’re considering expanding your operations or opening an international branch. Hire a Filipino VA when you want to do business in the Philippines, for example.
Add more people to the team
It’s easy to vent out your frustrations on your staff but that doesn’t mean you hire a VA in the Philippines so you may fire your existing workers. The reason you hire a Filipino virtual assistant should be to support your team in their responsibilities so they become more productive and efficient.
How to outsource jobs to Filipinos
Continuing on the topic of recruiting more people to your team, have you ever thought to hire remote staff in the Philippines? If not, we’re here to tell you that you should start doing so now. Not only are Filipinos hard-working but also they’re skilled in different industries.
The best way to outsource jobs to the Philippines would be to work with us at Remote Workmate. We have an existing pool of top talents in the country and we’re ready to screen more candidates when the need arises.
Get started on your recruiting journey to hire a Filipino virtual assistant by clicking this button.