Scaling Biotech (Covid-19) lab testing operations
With Outsourcing & Virtual Assistant Solutions
Biotech firms have been growing at a rapid pace, and as a result, the need for virtual assistants has grown.
Virtual assistants have been proving their worth in today’s businesses and their contribution to the growth of these organizations cannot be overlooked due to their effectiveness and efficiency of their work. This is evidenced by the fact that many businesses have embraced them despite the traditional reluctance associated with it. Because of this, more biotech firms have begun using them in their operations especially when it comes to handling various administrative tasks.
This has made it possible for these lab testing services companies to save time on hiring employees who would otherwise be tasked with handling such tasks which would otherwise lead to several disadvantages including high employee turnover rates at the company which results in loss of vital information associated with such tasks amongst other disadvantages.
Here is an article on how they are revolutionizing biotech firms today.
Original Story: Link
Operating a competitive Biotech Lab Testing Business
Biotech lab testing is not the easiest of businesses to operate. The startup company must ensure that it has all its I’s dotted and T’s crossed. The process is quite intricate since it involves several steps such as sample collection, testing and analyzing data before you get to deciding on treatment options for your clients. As such, bio tech lab testing companies have become very popular in the industry due to their ability to provide clients with the best service possible.
They are able to offer such great services due to their scientific expertise in the area of biotechnology. However, this level of expertise does not come without challenges including scaling up operations through hiring more staff members who will be handling different tasks as well as ensuring that there is proper communication between them which proves to be difficult especially when added into a business that is already complex in nature.
Considering the numerous benefits associated with virtual assistants, lab testing companies have begun to employ them so as to handle the administrative tasks in the company. This has made it possible for these companies to save time and energy that would otherwise be used in handling these tasks by themselves. This is mostly due to the fact that most of these lab testing companies are established and run by employees who are scientists or medical experts. This is an ongoing trend which has caught on very well with many biotech firms, especially those that are involved in developing new drugs and understanding biological mechanisms.
The fact that a lab testing company can use virtual assistants for their business operations proves to be quite advantageous considering the following reasons.
Advantages of virtual assistants for biotech lab testing
- Virtual assistants help small businesses such as labs increase their turnover rate by a significant number of percentage points because they make it possible for them to start dealing with multiple clients at once which would otherwise not be possible for them at all due to the resources available at their disposal.
- Virtual assistants help companies to scale up their business operations through hiring additional staff members who will be handling different tasks. This results in a boost in your company’s growth due to the fact that you can take on more clients at once which means that you will have more chances of succeeding as you grow. The organizations that didn’t scale up their business earlier on have regretted having done so after they had already allowed their growth to exceed their resources, thereby making it impossible for them to increase profits from their operations substantially enough.
The lab testing companies have come together with virtual assistants especially when they are small businesses because they are able to cater for all of such businesses needs regardless of what these individuals require from them.
The reason for this is that they are able to provide them with all the types of services that they may require in their operations. With these virtual assistant, it is possible for these companies to have all their deadlines met and to run their businesses smoothly without being held up by the inconvenience of having to handle such tasks as opposed to being able to focus on the more important aspects involved in running such business.
It is worth noting the fact that most industries use software coupled with brain power when it comes to administration works which further helps them keep track of data and analytics which would be normally time consuming and difficult without these systems.
How Virtual Assistants efficiently support rapid-expansing biotech companies
The right assistants will complete all the necessary grunt work — so that you & your local team can focus on producing higher-level results & growing the business.
MyOutDesk offers seamless talent matching for hiring professional, career-oriented virtual assistants to your team — with proven track records & digital expertise — at up to 70% less than the cost of a traditional employee.
MyOutDesk (rated #1 in virtual assistant services by TechRadar) is one of the longest running virtual assistant services companies for competitive businesses like yours.
Did You Know? MyOutDesk’s origin story is set during the last global financial crisis of 2008. Yes, that’s right — our business started by scaling businesses with virtual assistants during a recession! Our first client in 2008 went from five to seventeen VPs with a completely revamped organizational model in short order, and he told MyOutDesk, “Our virtual professionals have shaved $250,000 off our monthly overhead.”
Virtual assistants roles for biotech companies:
- Sales Development: Cold calling, lead generation, nurturing, onboarding & retention.
- Administrative Support: Collection & accounting support, office operations & tasks.
- Web Management: Updating social media pages, web updates, news & article sharing.
- Marketing Support: Setting-up email campaigns, coupons or offers, creating marketing collateral.
As a biotech laboratory testing company owner, you might have already realized the importance of using virtual assistants for your company and realized the benefits that come with it. This is evidenced by the fact that many similar business has started to grow even faster since such they began to use them in their operations. It is important for you to understand these facts as they will enable you to scale while providing your clients with high quality services.
Rapid-growth Biotech businesses in 2021:
- COVID-19 Testing
- Lab collection & testing
- Cryopreservation
- Research & Development
Congratulations to MyOutDesk Biotech Client, StemExpress CEO Cate Dyer for the well-deserved award, Businesswoman of the Year!
It is essential for you as a lab testing company owner or manager of an established laboratory testing service company, however small or big it may be, consider the benefits associated with using virtual assistants, especially if you do not have an employee who can help out with your administrative work which is usually common in small lab testing companies because they are not used to dealing with lots of clients at once.
This will enable you determine whether or not this decision will be beneficial for you in the long run. It is worth noting that these virtual assistants may be provided by both large established companies as well as small business owners. Choose wisely when it comes to selecting an individual who can do this work for you because it will determine whether your company is going to grow or not. As a virtual assistant is considered a long-term investment, you should consider the value that you are getting from such an individual before settling on the one that you are most comfortable with so as to avoid incurring losses in the long run.
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Simply put, MyOutDesk equips entrepreneurs & business owners with tools, strategies, and virtual employees — and when combined, businesses have a competitive edge and find growth while efficient systems and processes are put in place.
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Did You Know? MyOutDesk’s origin story is set during the last global financial crisis of 2008. Yes, that’s right — our business started by scaling businesses with virtual assistants during a recession! Pioneers of virtual assistant services, our first client in 2008 went from five to seventeen VAs with a completely revamped organizational model in short order, and he told MyOutDesk, “Our virtual professionals have shaved $250,000 off our monthly overhead.”
