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To outsource or not to outsource

Given today's climate, business leaders actively seek solutions to reduce total expenses while maintaining their competitiveness in the post-lockdown market. To achieve this, we suggest analysing your organisational structure and where, how, and by whom specific tasks are carried out, as these all significantly impact the company's profitability and productivity. Although outsourcing is an expense, it can help you develop your business and save money in the long run. Freeing up time is one of the key advantages of outsourcing for business owners and leaders. Instead of spending all those hours doing or managing mundane, repetitive, or even specialist jobs,…
RIE Solutions
6 September 2022
Blog

Simple tips for becoming a better Practice Manager

"Having a good manager is essential, like breathing. And if we make managers better, it would be like a breath of fresh air" Michelle Donovan- Director of People Operations, Google In any firm, practice managers are vital to ensuring business success. Without them, deadlines may not be met, quality may suffer, and business growth may slow down. Yet very few of them come to this role as experienced leaders who are excellent at walking a tightrope as they attempt to balance many plates of various responsibilities and points of view across the organisation. It takes time to grow into this…
RIE Solutions
2 August 2022
Blog

Is your leadership style optimal?

Effective leadership shows not only when things are going well but also, and perhaps even more so, when times get rough. Good leaders are admired (rather than feared) by others, motivating them to work more and make more meaningful contributions to the organisation’s success. Leadership does not imply working alone to achieve a goal. In truth, leadership entails inspiring and motivating others to collaborate toward a common goal. Today's leaders must possess optimal leadership performance techniques to inspire engagement, transformation, innovation, and long-term success. If you’re now wondering whether your leadership style is indeed optimal, let's hope you’ll find out…
RIE Solutions
5 July 2022
Blog

Driving success using OKRs

Is there a better way to create a successful financial planning business? The simple answer is yes, use OKRs. Airbnb, Google, Intel, LinkedIn, Twitter, and Uber all use objectives and key results (OKRs) to drive their success. You can too. The good news for financial planning businesses is that OKRs can be easily adopted, regardless of the size of the business, without adding significant new costs or overheads. OKRs were developed in the seventies by Professor Andy Grove at Intel as a goal-based management framework that helps companies implement and execute strategy while keeping everyone motivated. How do traditional OKRs…
RIE Solutions
7 June 2022
Blog

Is your business future proof?

We want to help firms build great businesses and sustain them. Being future proof is a critical part of that. Over the last months we focused a lot of our blogs on the topics of people and processes but to build future proof businesses firms need to do a lot more. We see the following areas as critical for success: Being agileAgility is the organisation’s ability to respond quickly and flexibly to change, which could be driven by various factors, such as changes to client demands, markets, regulations, or other unforeseen events like pandemics. To remain at a competitive advantage…
RIE Solutions
28 April 2022
Blog

Why a telephone interview can prevent you from making a bad hire

Nowadays, most initial interviews are conducted via video calls and ‘old fashioned’ telephone interviews are seldom incorporated into the interview process. While potentially controversial, I’m about to argue that a simple telephone conversation could prevent you from making a bad hire. Here is why. Our ability to make ‘good decisions’ when it comes to hiring is affected by numerous factors, and some of these are unconscious. While I hope your recruitment process is always consistent across candidates and responses are marked using a uniform approach, fundamentally your decisions are subjective due to being based on your perception of what you…
RIE Solutions
4 April 2022
Blog

How to develop better products and services for your clients

In the words of Steve Jobs “innovation is the only way to win” and understanding your clients’ needs and wants is fundamental to creating winning products and services. Design thinking, a customer centric methodology for innovating, asks one fundamental question that you need to answer in order to get this right and that is ‘Who needs a way to do what and why?’. Empathy mapping is a smart way for everyone in a business to get on the same page about who their customer(s) are, their needs, and wants in order to develop service propositions and processes tailored to the…
RIE Solutions
1 March 2022
Blog

Feel like there isn’t enough time? (Part 2)

Our last blog focused on helping you work out your capacity for work using a simple calculator. This time, we are taking a deeper dive into understanding how your client numbers and other factors affect your capacity. 🚘 Do you know how many spaces are in your car park? No, not where you actually park your car when you go to work! The car park I have in mind, allows you to understand how many clients you can successfully service in your firm. Knowing this number is critical. Put simply, the number of spaces in a firm’s car park is…
RIE Solutions
1 February 2022
Blog

Feel like there isn’t enough time? (Part 1)

Managing Time & Capacity: Part 1 Do you ever feel like there isn’t enough time to get all your priorities done? It’s possible that it’s simply down to the fact that you haven’t got sufficient capacity to deal with all that you set out to do. I’m afraid that time isn’t elastic and we have a finite number of minutes, hours, days, months, and years to play with.   If, like many, you tend to think you are a superhero and can achieve tons of tasks in a day, you’re just going to set yourself up to fail as they…
RIE Solutions
4 January 2022
Blog

How to engage your team in transforming your business

‘Lack of engagement from the team’ is an issue that comes up frequently and there may be a good reason why! Afterall, how often do you truly enable and empower your employees to be part of the ‘decision making’? How often do you create opportunities for solutions to be generated as part of a truly collaborative process? How often do you ask for feedback and take it onboard? I’m guessing the answer is, “not often enough”! Some of you will no doubt be saying “I haven’t got time for this” but please hear me out. If you can remember back…
RIE Solutions
24 November 2021