Outsourcing for Small Businesses: 5 Things to Consider
- April 17, 2019
- Posted by: Admin
- Categories: Grow your Business, Innovation
Nearly every small business begins with a person with a great idea and lots of energy. However, the path towards success can be much less hollow if you decide from the first day what you want to do internally and which activities can be outsourced safely. The best way to avoid a ghost that haunts many small business owners is through Business Process Outsourcing. Many founders have a very common problem that can end up blocking the development of the company.
The biggest mistake you can make is to think that you can do everything yourself. The solution to this problem would otherwise take too much of your time to focus on your company’s core processes and outsource the secondary back office processes.
Small business owners use their companies to wear all their hats, but it is largely impossible for one person to use them at one point.
Like many entrepreneurs, you may be forced to outsource certain tasks and obligations simply to do everything – and to do everything well.
Every business is different, but in general, there are several categories of work where you’ll pack the most punch by outsourcing. Here we list five things you can consider for outsourcing for your small business:
We’re not all authors or marketers, yet if you want to grow your business, marketing is essential. Outsourcing marketing tasks mean removing it from your board and placing it in the hands of a skilled professional who can make effective use of blogs, email and social media to help you reach new customers.
Legal Work and Taxes
While you can incorporate your company, it probably takes longer and more energy than you have. You can make the same thing, but it may not make sense, given that your speciality may not be yours and may take you many times longer than a professional might be if you do not make a mistake. These are key tasks in which an error can derail or cost you a lot. This is a primary responsibility for the professionals.
Bookkeeping and Payroll
Once you have a consistent stream of revenues, depending on your sales volume, it can be useful to hire and meet a bookkeeper each month or week. Whilst handling your different administrative tasks at home may seem convenient to keep that office manager busy, payroll is a further task that professionals outside can handle more easily and more familiarly than you could. Indeed, the outsourcing and payroll could be more cost-effective because, depending on your needs, you pay a fixed monthly amount instead of a full-time employee.
You might want to purchase your favourite laptop from your favourite large box retailer at the beginning of your small business, but you may need more specialised technology as you expand your small business. You can save money in the long term by hiring for your IT needs, as your need for a comprehensive system and support increases. An IT professional helps your business scale organically rather than too hastily.
Finally, you may need photographs of your direct mail, website, blog, email or social media for a brochure or newsletter or a new visual asset. While there are many wonderful new instruments that help you do so on your own, there are times when a professional’s touch and training can bring your presentation to a brilliant level of performance. Try to structure the cost instead of a painful outlay that you would rather not pay for as an investment in the longevity of your business.
Just like your own broken bone or dining table was never created from stuff you can find all around your house, there is so much that professionals are best left with. While you may not want to pay for legal assistance or financial advice, the fact is that highly skilled consultants can relieve you of some of the burdens of running your company.