Adopt a Less Than Truckload Strategy for Increased Profits
How many things does your business pay for that is not used to its fullest capacity? No matter how many or how few, the full truckload methodology applied to businesses results in loss of revenue and opportunities to grow. Adopting a less than truckload strategy, however, can actually save your business money and increase its efficiency.
You may have heard the term “LTL” or “less than truckload” before, particularly in reference to trucking and transportation. Generally speaking, trucks would transport full truckloads of goods because it was more efficient than carrying less than a truckload. Transporting half of a shipment was wasteful. But then the “less than truckload” idea was innovated, and many companies would share resources, loading one truck with many partial shipments to create a conglomerate. In Seth Godin’s blog post, he explains that businesses can similarly increase their efficiency by sharing resources.
There are several business practices in which you participate that can be incredibly wasteful, but there are more affordable and efficient alternatives that provide the exact same services:
Hiring a receptionist
The first one is having a receptionist. Depending on the size of your business, spending the money on a full-time employee to handle tasks like answering phones and scheduling appointments is unnecessary. And the costs don’t stop there: you must also consider the cost of an additional workspace, supplies, and equipment. While you may absolutely need the services that a receptionist provides, there are more cost effective alternatives.
Instead of hiring an on-site receptionist, you can adopt the less than truckload model and share resources with virtual receptionist services. Virtual receptionists can perform all of the same administrative tasks as a full-time on-site employee, but for far less money. All virtual receptionists are based in the US, working in small teams from off-site professional buildings and offices, tending to a variety of clients. Each live virtual receptionist is trained to handle your business’s specific needs, saving you the time and costs that would be ordinarily be spent on training.
For as low as $59 a month, you can have voicemail management, advanced call routing, unlimited long distance minutes, and much more. Upgraded packages are also available if you need more advanced services.
By outsourcing this work through a company that shares its services with many businesses, you save time, money, and space.
Leasing additional office space
The second most common and wasteful business practice is leasing addition office space. Small businesses and startups have only the occasional need for spaces like conference rooms or day offices. As home-based businesses grow in popularity, so do virtual office solutions like meeting room rentals and virtual offices.
Virtual offices give you a local business address to use on your website and business cards, mail receipt and forwarding, lobby directory listings, and access to meeting spaces in business centers located at your professional address.
The concept of resource sharing applies here, too. These business centers offer meeting room rentals and are used by many clients, so their cost is far lower than that of an office lease. Since most businesses only occasionally need access to meeting rooms, it is actually cheaper to rent these kinds of spaces by the hour or by the day than paying thousands of dollars each month for 24/7 access to a 400 square foot room.
Adopting a less than truckload business strategy is helpful for any business owner paying for space and services they never fully use. By sharing resources through services like virtual office solutions, you not only save your business money, but also take a step toward increasing revenue by establishing a more professional image and freeing up more time to expand.
Contact us and stop paying for wasted space and adopt the less than truckload business strategy for your organization today with the services offered by Davinci Virtual.