The MHC Blog

Powerful Business Insights for Succesful Leaders
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Quit and go it alone?

Part 1

I think we have all been tempted at some point in our careers haven’t we, on the days when we come home from work grumpy, complaining to our better halves about how we could run the Company so much better than the boss.  Or we are budding entrepreneurs with the “next big thing that no one has yet to think of” idea we spend our paid working days day dreaming about.  Regardless what we do and what we want to do, many of us dream about the freedom of making our own decisions and running our own company.

Some of us take the plunge and make the enormous decision to quit our full-time jobs and set up our own businesses.  A recent survey in Bostine says that 70% of Millennials want to start their own business, a huge number, however, I don’t believe business set ups are limited to the millennial generation - ask any of the business set up Companies here in the UAE and they will tell you that age is no limitation to going it alone – in fact, older generations are more likely to be financially secure enough to take the plunge.

So, what do we need to expect when embarking on running our own business?  This 2-part blog will give you some insight to the challenges and lessons learnt you should take into consideration before handing in your resignation.  They are taken from clients we work with and of course, personal experience as well:

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5 steps to outsourcing

According to Forbes, an estimated 50 percent of large companies outsource all or part of their HR services.

Today many functions have moved to Human Resource Outsourcing and Administrative Outsourcing Companies.  Not only is this trend continuing to develop in the larger business world, but smaller businesses are now starting to jump on board.

Companies are always looking for ways to reduce costs and improve efficiencies and productivity. HR departments have been shrinking as Companies turn more and more of the responsibility over to outsourcing professionals.

The bottom line is that Company owners and management gain more time to concentrate on their business.

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