OMS Blog: Go Beyond

Strategic Business Partner vs Vendor

In the fast-paced world of small business ownership, scaling up isn't just about increasing revenue; it's about smart growth that doesn't drain your time or resources. As you grow, you'll likely outsource key functions like HR, payroll, and insurance to external providers. But here's the crucial question: Are you partnering with a strategic business ally who genuinely prioritizes your success, or are you stuck with a vendor who checks boxes and collects fees?

The difference between a strategic business partner and a mere vendor can make or break your scaling efforts. A vendor delivers a product or service transactionally, offering "one-size-fits-all" solutions with minimal customization or foresight. In contrast, a strategic partner acts as an extension of your team, proactively looking out for your best interests, anticipating risks, and aligning their expertise with your long-term goals. This is especially vital for small businesses, where every decision impacts efficiency and bottom-line growth.

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Scale Your Business With The Right Partners

As a business owner, growth is always on your mind—new customers, new markets, and expanding your team. But growth comes with challenges: more responsibilities, more risk, and more complexity. That’s why partnering with the right professionals is key to scaling confidently and sustainably. One of the most strategic partnerships a growing business can make is with a Professional Employer Organization (PEO).

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Employers Beware of Payroll-Related Email Scams

In our industry, we witness many email scams targeting small employers, and these types of scams are unfortunately on the rise. It’s important to be vigilant in authenticating any email requests that involve an employee wanting to make payroll changes to their direct deposit banking info.

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What You Need To Know If You Own a Family Business

Family-owned businesses are a core pillar of OMS and our local community. They are also the backbone of the U.S. economy. Today, there are over 32 million family-owned businesses, making up 60% of the U.S. workforce. These businesses play a significant role, contributing substantially to job creation, economic growth, and community stability. Although they generate $5.9 trillion in revenue annually, when it comes to succession planning, a family business falls under different rules as compared to a non-family-owned business.

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Why Should a P&C Agent Partner With a PEO?

Often Property & Casualty (P&C) agents think of Professional Employer Organizations (PEO) as their competition and rightfully so. A PEO, like OMS, provides small-to-medium-sized businesses with bundled services including HR, Payroll, Employee Benefits, and Workers’ Compensation Insurance, but partnering with the right PEO can provide several benefits for P&C agents and their clients:

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If You Have a Business Partner, Then You Need a Buy-Sell Agreement

What happens to a business when the owner is suddenly incapacitated or dies? An event of this magnitude could mean trouble for your business, family, and employees. Partners and family members become stretched to solve problems during a crisis and could face significant financial burdens. A Buy-Sell Agreement is a written contract between two or more business owners that allows the business to continue without interruption during a life-altering event.

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