8 tips for growing a successful business

8 tips for growing a successful business

Mar 4, 2022 | Global Business Expansion, Remote work, Start up

8 tips for growing a successful business

Having a plan and organization are the key to success.

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Is one of your goals for this year to improve your business? this article could help you.

1. Get organized

To achieve business success, you need to be organized. It will help your complete tasks and stay on top of things to be done. A good way to be organized is to create a to-do list each day. As you complete each item, check it off your list. This will ensure that you’re not forgetting anything and completing all the tasks that are essential to the survival of your business.

 

2. Keep detailed records

By doing so, you’ll know where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome those challenges.

 

3. Analyze your competition

To be successful, you can’t be afraid to study and learn from your competitors. After all, they may be doing something right that you can implement in your business to make more money.

 

4. Understand the risks and rewards

A good question to ask is “What’s the downside?” If you can answer this question, then you know what the worst-case scenario is. This knowledge will allow you to take the kinds of calculated risks that can generate tremendous rewards.
Understanding risks and rewards includes being smart about the timing of starting your business.

 

5. Be creative

Always be looking for ways to improve your business and make it stand out from the competition.

 

6. Stay focused

It takes time to let people know who you are, so stay focused on achieving your short-term goals.

 

7. Be Consistent

Consistency is a key component to making money in business. You have to keep doing what is necessary to be successful day in and day out. This will create long-term positive habits that will help you make money in the long run.

 

8. Hire talented people

Companies are facing serious challenges in finding the right talent. So, it’s more important than ever for companies to understand the opportunity a global recruitment strategy can provide.

Hiring the right person for a job opening is usually no easy task — and it’s an economically crucial one to get right. The combination of recruiting, training costs, and benefits associated with hiring a new employee can cost an employer thousands of dollars. If that new hire doesn’t work out, that money is essentially wasted. What’s more, a company that cannot consistently retain employees can experience serious negative consequences, such as low employee morale, lowered productivity, and reduced product or service quality — all elements that can damage its profitability.

 

There is also technology that can help your business grow. Do you want to know more? Click here

Remote staff makes difference

Hence the importance of hiring trained workers. Many times, the indicated worker is not in the same country, but today that is not a problem. Roots EOR makes it possible for your company to hire worker no matter where they are. How? Contact Us

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Why are business expanding into Latin America?

Why are business expanding into Latin America?

Dec 30, 2021 | Employer Of Record, Latin America, Salaries, Start up

Why are business expanding into Latin America?

Let’s have a look how you can incorporate your company to this wave of expansion

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There are many factors driving this shift to Latin American expansions. One often-cited explanation is the so-called “U.S.-Factor.” Many businesses are moving to Latin America due to:

  • Favorable production and operational costs
  • Fantastic transport links to and from the United States with manageable flight times
  • Huge expanses of coast which equates to massive shipping capacities
  • Similar time zones to the United States
  • Progress in terms of infrastructural indices found in Latin America. The countries are modernizing at an impressive rate, and are more accommodating than ever for key considerations

However, the development that has arguably had the largest impact on convincing companies to move operations to and establish a local entity in Latin America, has been the emergence of startup incubators and accelerator projects. Both private and government-backed projects are common and have facilitated the entry into the Latin market to great success.

 

What Is a Startup Incubator and Is It the same as an Accelerator?

Startup incubators and accelerators are relatively modern concepts, but both nurture innovation. However, both terms are bandied about quite frivolously, and the subtle nuances of each institution are often lost.

Both institutions serve to support the development of young companies, but the difference is where and how the aid is distributed. An accelerator is perhaps simpler to understand, as it does exactly what it says on the tin; an accelerator provides support, consultancy, and crucial cash flow to companies to hasten the rate at which they grow. Candidates normally enter an application process, which will see them selected for the program. With this support and advice, companies have the support they need to pursue (and reach) their goals in a significantly shorter amount of time than had they not been in the program.

An incubator, on the other hand, has the same goal, but ultimately approaches the challenge from a slightly different standpoint. While an accelerator will take an already-existing young business and try to take it to ‘the next level,’ incubators look to offer direction, management, and financial support for a concept and aim to turn it into a functional, profitable business. The slightly more maternal nature of an incubator means that there is no time frame and is perfect for projects of smaller scale.

Is your business ready to implement a global expansion strategy?

We can help you to hire employees in Latin America and anywhere in the world. Today, thanks to teleworking this is possible. You don’t have to know all the labor laws or be an expert. Leave that in our hands. Contact Us

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Employer of Record in Argentina

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Argentina is a viable option for companies looking to hire remote teams. EOR ROOTS simplifies the process of Employment in this country. Want to know more about us? Let´s get started!

Improve the productivity of your business

Improve the productivity of your business

Oct 12, 2021 | Employer Of Record, Home Office, Start up, Teleworking

Improve the productivity of your business

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Find out how employer of record raises your employee experience.

Employees are a fundamental factor for the success of your company. How to guarantee a good experience? here some ideas:

 

1. Focus on the employee experience

The best customer experiences start with the best employee experiences. This has meant focusing on the core principles of simplicity, transparency and personalization. It also means acknowledging one size does not fit all.
Continually working to improve the employee experience is also a big lever in future-proofing and protecting the world-class culture which is the foundation of our business.

2. Get clear on your employer brand

Building a great culture starts with attracting and recruiting diverse talent, and then developing that talent throughout their career.

3. Invest in your people

Building internal talent pipelines is core to our performance, and our talent development approach and programmes reflect the varying needs of our diverse workforce.

4. Build a high performance culture

Having a strong performance management culture in place is critical to ensuring you get the very best out of employees, and they get the very best out of your organisation – it’s a two-way street. However, it’s not only about what is being achieved, there should also be a focus on how outcomes are reached – including being a team player, stepping up to challenges, operating with a customer focus and being accountable and responsible.

5. Actively promote diversity and inclusion

Diverse and inclusive organisations are better for business. It’s a no-brainer. But it’s not enough to set up employee networks and leave it at that. Really successful organisations lead from the top when it comes to diversity and inclusion. This includes building cultural fluency in leaders, and placing a diversity lens across all aspects of our business to ensure we’re accurately reflecting our wider community.

6. Connect employees to your company purpose

Employees have a strong desire to connect with company strategy and purpose and understand how their own role plays a part in helping our business to be successful.

7. Look to the future

Change really is the only constant, so it’s important we don’t rest on our laurels when it comes to attracting and retaining great talent.

8. Things clear, handle your legal obligations

When hiring an employee, there are a variety of legal requirements you must meet to comply with federal and state labor laws. It is essential that everything is legal and clear so that your employees feel comfortable and who can fully represent the spirit of our company.

Do you have doubts about how to do it? Contact Our Advisors 

We can help you to hire employees anywhere in the world quickly, compliantly, and without establishing a foreign entity with this global expansion solution.

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Why hire remote employees in Mexico?

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What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

Here are some of the key benefits of using an EOR while hiring workers overseas. If you do decide to work with an EOR, you can count on your service provider to take care of all the formal employment tasks and liabilities on your behalf.

Jobs in demand 2021: Top careers for the new decade

Jobs in demand 2021: Top careers for the new decade

May 18, 2021 | Employer Of Record, EOR, Hiring, Human Resources, IT Jobs, Job, Job search, Recovery, Recruiting, Start up

Jobs in demand 2021: Top careers for the new decade

More than half of UK firms plan to hire new staff
Identifying the sectors with the highest opportunities ensures you’re investing your time in something worthwhile.

The COVID-19 pandemic brought about a wave of change in the employment sector. Some of the jobs that were once considered prestigious became redundant, while others became essential services. One change however, was pretty universal: technological advancement in all industries.

 

1. Digital Marketing Specialists

Companies had to transition into the digital field, and brick and mortar stores progressed into eCommerce platforms. Because of this, they need more digital marketing professionals.

Digital marketing specialists are similar to marketing professionals, only that their specialty is within online platforms like social media. As a digital marketer, your job description will include anything from SEO to social media to Google ads.

To be successful you will need experience working in the digital space, as well as general marketing expertise.

 

2. Graphic Designers/Creatives

Graphic designers will be one of the more highly demanded jobs in 2021. Companies will want to run ambitious marketing campaigns and will need someone to actualize the marketing concepts.

Other jobs in demand for 2021 that are related to this role include creative directors, production artists, multimedia artists, and animators. In order to land these jobs, you will need experience with tools such as Adobe Photoshop and Adobe InDesign, along with others.

 

3. Marketing Strategists

Companies are looking to make a full comeback after the virus, which is why marketing strategists will be one of the most in-demand jobs in 2021. In this role, you will mainly be helping companies navigate the marketing field post-corona. You will be responsible for creating marketing strategies, identifying the best messaging & creative concept, and executing the strategy.

 

4. Data Analysts

Now more than ever, companies are beginning to realize the importance of data. They want to know consumer habits, both online and offline, and then use this information to create useful, worthwhile marketing strategies.

That’s where data analysts come in. Their job will be to gather information from different spaces and then interpret patterns and trends. They will then give recommendations on how the company coils improve their business from the analysis.
There are many different educational programs for data science, but in order to succeed in this role you will need to be familiar with Google Analytics as well as many CRMs and other reporting tools.

If your company is looking to incorporate any of these employees, but you don’t know where to start. Contact us! we are a company that does this job for you. What to know more about us? Click here

New signs of recovery, new ways of hiring

New signs of recovery, new ways of hiring

May 13, 2021 | Employer Of Record, EOR, Recovery, Start up

New signs of recovery, new ways of hiring

More than half of UK firms plan to hire new staff
As the Covid ends, more and more companies want to hire employees from other parts of the world. How to do it?

With an end to the COVID pandemic now on the radar, many companies are beginning to focus on a return to growth and international expansion. In times past this presented a number of challenges, especially when you were confronted with all the complexities associated with setting up in a new country: different laws, unfamiliar tax regimes, employment regulations, employee benefits and entitlements, currency exchange, payroll issues etc. That’s the reason why so many smart companies embarking on international expansion today are utilizing an ‘Employer of Record’ (EOR) structure in each country of employment.

Countries continually change regulations on immigration, employment and tax in order to boost and protect the economy. For this reason, it is very difficult for companies to hire employers from other parts of the world. Still, it is possible and easy.
The need for EOR is here to stay.

International business expansion was once a long-term, multi-year foreign assignment.

Nowadays, however, global mobility is a hot topic. In fact, more companies can now enjoy the idea of shorter, more flexible overseas postings in shorter time frames.

Companies began to explore options such as outsourcing payroll, hiring immigration attorneys and seeking
local business partners to alleviate some of the regulatory burdens.

But a more complete solution was needed, allowing for the development of a single-source service that could manage the full range of local employment criteria.

The EOR model meets a modern business need, allowing companies to quickly enter a new market and deploy workers legally and efficiently.

A key option available when expanding your business is an Employer of Record (EOR).

Why consider an EOR?

Businesses who need to hire staff overseas face a series of processes and obstacles.

Researching and complying with the numerous local laws can present a huge challenge.

Every country (and even each state or region) will likely have different employment, payroll, and work permit requirements for foreign companies doing business.

Partnering with a legal Employer of Record saves you from having to set up a formal entity in the host country. They become the in-country employer of your staff, saving you an enormous amount of time and effort.

 

How does EOR work?

Specifically, the EOR is the legal entity that:

  • Acts as a stand-in entity in order to run a local compliant payroll for your staff.
  • Meets all host country labor laws pertaining to local contracts and worker protections.
  • Advises you of required notice periods, termination rules and severance pay.
  • Is the host country interface between the employee and government authorities.
  • Is responsible for making sure you remain compliant with all local laws.

As businesses continue to navigate the global marketplace and its intricate legislations, EOR is becoming a core strategy for employing staff – whoever and wherever they may be. Want to know more about us? Contact us! 

5 reasons why you should use an EOR

5 reasons why you should use an EOR

May 12, 2021 | Job, Employer Of Record, EOR, Hiring, Home Office, Human Resources, Recruiters, Recruiting, Start up, Teleworking, Why choose us

5 reasons why you should use an EOR

More than half of UK firms plan to hire new staff
Is your Company planning to expand? Here you can find some tips to do it in the best way.

An Employer of Record regulates the relationship between the client company and the employee as a “third party” also called EOR.
It helps the employers retain, hire, payroll issues, insurance, visa applications, and other types of applications and paperwork about their employees when the employees attempt the company from another country.

Why Should Companies Use an EOR? Here some reasons: 

Expansion.

When expanding, setting up a local entity via incorporation and registration can be very time consuming and costly, needing expertise and knowledge in order to remain compliant.
A global EOR might be the better alternative, supporting the company by handling payroll, employment and immigration requirements in the host country. The EOR would be an intermediary between the client-company and assignee, helping to ensure compliance through its network and expertise.

Hiring internationally.

If you are looking to access international talent in a compliant way, an EOR can help you do just that, making sure that compliance is met and further HR-related processes run smoothly. 

Transition to remote first.

More and more employers are looking into becoming a hybrid or even remote first company, allowing not only future but also existing employees to work from anywhere in the world.
This however is a highly complex process, with many aspects that need to be taken into consideration such as each country’s labor laws as well as possible lack of experience in managing teams remotely.
With an EOR, your company will be able to give this approach a trial phase with a smaller number of employees. This would result in an easier and better prepared transition as well in important financial and time savings. 

Converting freelancers to employee.

Many companies profit from an alternative workforce such as freelancers and contractors. You might consider converting freelancers to employees because of various reasons such as a greater control over the working time, increased sense of belonging to your company and more commitment, reduced turnover rate and many more.
An EOR can help you retain this talent and support you in long term workforce planning by shouldering important transition and HR processes to remain compliant.

Emigration of an existing employee.

If one or some of your employees is considering moving permanently to another country, don’t make this a reason for letting them go. Being able to maintain your talent even if their wish to move abroad for an indefinite amount of time will not only reduce your turnover rate but can also strengthen your employer brand with increased flexibility and innovative features.
An EOR will be able to support you during the process, being in charge of the labor law, payroll differences and further aspects that need to be taken case of when wanting to remain compliant.

Sound like an EOR is just what you have been looking for? Contact us!