How do you transform a struggling business that's leaving $200,000 on the table into a thriving $5 million operation? Our guest reveals the secret behind turning back-office chaos into streamlined success.
In this engaging episode of "Adrienne Barker Speaks - No Prep Needed," we sit down with Janneh K Wright, founder and CEO of Primus Business Management, a consulting firm with over 23 years of experience. Janneh shares his expertise in helping small businesses and nonprofits streamline their back-office operations through accounting, HR management, and operational support.
From his virtual-first approach to his "Three C's" methodology (Compliance, Culture, and Consistency), Janneh reveals how businesses can scale effectively by outsourcing their administrative headaches.
He also discusses current hiring challenges, the evolution of remote work, and shares a compelling success story of how his team recovered nearly $200,000 in lost funding for a nonprofit client.
Key Takeaways
➤ The Power of Outsourcing: 72% of businesses report that outsourcing accounting improves their ability to scale because you get a full team (CFO, controller, junior accountants) for the cost of hiring one person
➤ The Three C's Framework: Successful organizational behavior relies on Compliance (avoiding issues), Culture (how information flows and people interact), and Consistency (doing the same things the same way repeatedly)
➤ Remote Work Efficiency: Virtual operations can actually increase productivity - what used to be a 4-hour client meeting (including travel) can now be a focused 15-minute video call, allowing for 10x more client interactions per day
➤ Strategic Partnership Approach: When vetting outsourced services, look for connection and trust, relevant experience with companies both your size and larger, and strategic partnership rather than just bill-sending
➤ Hidden Revenue Recovery: Small administrative errors in government submissions can cost organizations significant money - detailed review and correction of seemingly minor mistakes (like misspelled names or wrong addresses) can recover hundreds of thousands in funding
Notable Quotes
"The goal is always about how do we give the CEOs back more time to focus on their company and not worry about all the business ethics stuff that needs to be done for every company." - Janneh K Wright
"Outsourcing shouldn't just be, I'm finding something cheaper. It should be, I'm reducing costs, but I'm also getting a higher level of information or knowledge base." - Janneh K Wright
How to Reach Janneh K Wright
Company: Primus Business Management LinkedIn: https://www.linkedin.com/in/janneh-k-wright-mba-5b63278/ Location: Virtual firm based in New York State/NYC area Specialties: Accounting, HR Management, Strategic Consulting, Operational Support for Small Businesses and Nonprofits