Why Is Outsourcing Great For Small Businesses?
As your small business grows, you will likely be tackling problems that are further away from your core skillset. This is normal in a small business. It is usually when you need to start using outsourcing.
The tasks that take you away from your core skillset are those that lead to you spend more time than is needed or learning new skills to complete them. For example, HR or accounting, These are areas of your business that are needed, but, unless you have the skills and experience can use up valuable business time and assets. This won’t make your business grow.
It is important as a small business for you to outsource tasks like these to people such as https://milesatnip.com, they can manage your workload in accountancy, leaving you with minimal stress and time.
As a rule of thumb, when you outsource, you should keep your core business functions in-house. Anything else you could explore outsourcing, let’s have a look at some of the areas you could look at:
Every business will have legal needs, and it is a commonly outsourced area for small businesses. It’s not very often a small business will have its own legal team or legal background. Most small businesses can’t afford the expense of hiring their legal team, therefore use outsourcing as a way to stay legal and low cost. You can outsource legal services that include:
- A complete package to tackle all your legal issues
- A freelance solicitor or lawyer
- Different lawyers and solicitors for different areas of your business
In a standard small business office, employees could be spending as much as 40% of their working day just on administrative tasks? This is a huge portion of their day spent completing repetitive and time-consuming duties that can be easily outsourced. It’s a good idea as a small business to outsource these tasks to someone who would charge less for their time and possibly complete the duties quicker.
You shouldn’t choose to outsource core business functions, but you can outsource parts of it such as administration. All you need is guides and processes to ensure any outsourcer can support you the way you need. Some areas you could consider include:
- Document management and organization
- Surveying, polling, and focus group tests.
- Compiling reports
- Virtual assistant
- Personal errands (so you can spend more time working)
- Social media posting/management
- Preparing and taking notes
- Transcribing audio or video
- Data collection and research
- Travel arrangements
- Calendar management and organization
- Customer service emails
It is important for you to keep your business finances controlled and managed well. If you don’t it could spell disaster. Unless you have the skills already, the time to learn about financial management, or the funds to employ an in-house accountant, then outsourcing is the best option. When using outsourcing, you may not even need to keep track of your accounts yourself, you can just send them all your receipts and they will keep it organized for you. It definitely doesn’t hurt to have a professional that you can turn to if you need any financial advice at any point.
Lead Generation and Marketing
Marketing can be a huge task for small businesses. When business is slow and you are just starting, then it’s easy to market yourself. But as your business picks up you can quickly get left behind in the marketing department. You can’t allow this to happen, your business will slow down again if you neglect the marketing. At the end of the day marketing is how you are going to grow your business, so, you need to ensure you can commit the time to get it right. This is where outsourcing comes in. Remember, that even if you use outsourcing, you still have complete control over how much you are involved. You can choose a complete marketing service, one to deal with social media, or one that you use on an Adhoc basis to boost your knowledge. You just need to identify what is right for your business.
No matter how tech-savvy you are, when it comes to your IT, you need to be confident that you can fix any issues that arise, and quickly. Failure to do this can lead to too much business downtime lost sales, and lack of trust. Things can be much more simple if you use outsourcing to use an IT service that knows exactly what they are doing. From installing anti-virus software to set up a new network and data storage, an outsourced team can help you with all the technical areas of your business.
Human Resources can take up more time than you realize, especially if your team is constantly growing. Recruitment, HR obligations, disciplinary actions, contracts, and more can take up as much time as a full-time job. And, as your team grows the obligations only grow. As well as this, if you mishandle or misinform on any area of human resources such as firing, hiring a poor employee, or payroll, it costs you both time and money creating a huge amount of issues, sometimes lawsuits.
Depending who looking on what your small business needs, you may need an HR service to look after every area of your HR, but, you could explore using a variety of services such as a service solely for recruitment. For example, if you are looking for the perfect candidate for a particular role but are struggling, speaking to a recruitment agency that specializes in head-hunting would save you a lot of time and stress. A payroll survival will mean that your employees are always paid on time and correctly. As well as these, outsourcing to a legal HR specialist means that you always have access to legal advice relating to anything involved with human resources.
Hopefully, this post helps you to see how beneficial outsourcing can be for a small business. There are many great ways it can help. Do you have any other that could help? Please share them in the comments below.
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