Many business owners have different ideologies when it comes to outsourcing. Some businesses think outsourcing is more costly, while others don’t see the need to do so, given that they’re just starting their business. The second category wants to be present and active in every stage of their business.
Well, doing so is not a bad idea, but will it be safe for your business? If you want your business to be successful, especially at the startup stage, don’t fall into the trap of thinking you can do everything.
You need to outsource some of your business tasks to save money, benefit from external expertise, and free up your time. So, what are those tasks you can comfortably outsource? This article explains everything.
1. Outsource Accounting and Bookkeeping
Failure to update your bookkeeping can cause serious problems to your business over a period of time. Fortunately, you can outsource it. With the bookkeeping experts, you no longer have to break your back updating your daily business records.
You can always enjoy the peace of mind that comes with hiring an expert to take care of your daily planning, accounting, and human resources. You can save time and money when you outsource to a bookkeeping expert.
2. Outsourcing Managed IT Services
Apart from accounting and finance, businesses outsource IT services to manage their businesses. You shouldn’t overlook outsourcing managed IT services, especially if you want to stay competitive in the market. Some business competencies require technical and specific skills which you might not have.
These competencies need updates and refreshing often to keep your business running. IT outsourcing will ensure you set up and manage your business addresses and maintain your company’s data in the cloud. Before outsourcing to a managed IT company, check their references and online reputation.
3. Outsource Social Media Marketing
Nowadays, social networks are not only for communication. Businesses are seeing the need to use social media sites such as Twitter, Facebook, and LinkedIn to generate leads. The use of the WhatsApp messaging app is becoming prevalent in many businesses.
However, marketing on these sites isn’t that easy and can be time-consuming. You can save yourself from such exhausting work by
outsourcing your services to a reputable social media management agency. The agency will provide you with dedicated
professionals to monitor and grow your followers.
With tools like Hootsuite, you can add team members and approve their posts on your company’s social profiles. Social media isn’t something you can manage by spending just 30-40 minutes a day posting a few messages.
If you want to enjoy more benefits, you have to invest a lot of time growing your followers. And the best way to do this is to outsource professionals to manage your sites.
4. Hire Event Managers
Are you planning to host a workshop for your employees? Or you’re having a get-together party with vendors? Outsource the event management agency to save yourself from the trouble of doing everything.
The event management team will take their time in ensuring everything goes on smoothly from planning to execution. With a reputable event management company, you’ll be relieved of all the trouble. Event planners are also well-connected with technicians, food caterers, and sound providers and will easily bring them onboard.
5. It’s Best to Get Skills that You Don’t Have from Outside
Many entrepreneurs start their businesses based on their primary skills. It feels good to work in an industry that you’re comfortable and knowledgeable in. But at some point, you’ll realize that you have to wear many hats as an entrepreneur.
From marketing, organizing sales and taking part in every department of your company, you’ll have a lot of work. You don’t have to burden yourself by doing something you have no idea about. Consider outsourcing the skills that you don’t have to save yourself from trouble.
6. Human Resources Management
This might look like the most tedious task in running a business. You have to pay attention to your employees the same way you care about your clients. They’re all part and parcel of your company.
Some of the responsibilities of human resources include making an employee policy without harming yourself or your employees. You have to be familiar with the right procedures of hiring and terminating. The goal is to ensure you don’t damage your relationships or incur those costly lawsuits.
It’s wise to reduce some of your workloads and save yourself from unnecessary trouble. Outsourcing HR is the way to go.
7. Hire Virtual Assistant
How would you feel if you have a personal assistant who can handle all your business appointments? Personal assistants can also filter your emails, be in charge of your travel arrangements, and manage your personal and work calendar. Look into executive assistant hiring for even more personalized help with your daily tasks.
Hiring a personal assistant, let say 30-40 hours a week, may not be cost-effective as you think. But depending on your needs, you may not need them to work more than a few hours daily.
And that’s where a virtual assistant might be your great tool in terms of their flexibility. They only work a few hours during a quiet period and full-time during your busy schedule.
8. Outsource Competitive Research
For your small business to stay solvent in the industry, you have to be competitive. To remain competitive, you need to hire a firm that can shop your competitors and prepare a report for you. With this report, you can gain market insights by knowing various pricing, sales pitches, and customer service techniques.
This, in turn, can help you understand what other companies are doing that you aren’t doing. You can learn what to do to distinguish yourself from the market, attract and serve customers better.
9. Outsource Payroll Distribution
In any work organization, payroll distribution plays a significant role. Most employees are always very sensitive to payroll errors and irregularities. Therefore, you have to ensure timely and accurate payroll payment.
Your payroll should have correct withholdings, deductions, and timely remittance. Preparing payroll isn’t an easy task either. It’s a stressful and time-consuming event that can leave your other duties unattended as well as draining down your energy.
Having a small team to manage your payroll in-house isn’t that bad. But once things start looking up and have more than ten employees, consider outsourcing payroll services. These professionals will help you keep track of employee leaves, bonuses, loans, joining and exit formalities, and any applicable tax deductions.
Increase Your Business Potential by Outsourcing
Outsourcing is the real deal if you want to improve your company’s efficiency and productivity. If you outsource, you’ll be able to concentrate on more pressing matters of running your business. You’ll not get involved in tedious tasks that consume all your time.
Have you started outsourcing yet? Don’t forget to come back here for other outsourcing tips. We also have all the information you need to run your business and live a better life. Stay on this site.