Are you struggling to get everything done in your business?
Or, would you like to be in a much stronger position at the end of next year than you are at the end of 2015?
If so, then why not consider outsourcing? It’s the process of delegating tasks to a third party, and it brings a lot of benefits.
In this guide, we’re going to take you through the top five reasons to outsource.
Growth without expense
Small businesses face a major problem when it comes to growth. They can’t afford to take on the expense of full-time staff, but they can’t make more profit without the extra levels of productivity. The answer – used by many businesses around the world – is to outsource. You only need to pay for the work that you get, and you can pick and choose when you can afford it. So, you can achieve a rate of growth, and once those profits start to roll in on a permanent basis, you can then think about hiring full-time staff.
Free up your time
Time is money in any business, and there are tasks that you will do in a small company that waste that time. Let’s say you spend half your working week making sales worth $150 per hour for your business, and the rest of the week doing the supporting admin. That admin will tend to be basic stuff, that you can pass on to someone else – so why not do it? You will free up half of your week to fill with making sales at $150 per hour, and only have to pay admin the going rate for that job. It’s a no-brainer.
As a business owner, you cannot expect to know everything about anything. You might be great at what you do, either regarding product or sales. But, what about marketing? What about website design? And what about SEO? Outsourcing can bring in superior knowledge and experience than you have, and you can expect better results. So, if you need help ranking better in the search engines, try hiring an SEO consultant. If you’re struggling with converting customers online, see a CRO specialist. Lean on that experience and you will begin to perform better as a company.
Pass on responsibility
Let’s assume that your business has its own systems in place. It’s a drain on your resources in staffing levels, time, and it can also give you a lot of headaches when things go wrong. So, why not outsource to a specialist IT company? It takes away the pressure of having that responsibility, and when systems go down, you won’t need to direct valuable resources at it.
Everyone in your business is likely to know the best way of doing things for your business. It might work for you, but it is a very insular way of working. You could pay for your employees to do courses and keep up to date with developments in the wider business world, of course. But, this is expensive and time-consuming.
Instead, just outsource in whatever area you need to get fresh ideas and up-to-date practices.