“Outsourcing” no longer carries the negative connotation it once did, especially for small businesses.
It once meant meant a corporate ploy to decrease costs while imposing subpar service to customers. Now, there are many ways for a small businesses to outsource, even domestically, that lowers operating costs but provides customers with superior service.
Think of outsourcing more as a way to hire an expert outside of your company for specialized tasks.
Here are six reasons why you should consider it.
1. Reduce your operating costs
Outsourcing is less expensive than hiring a full-time employee. When you outsource, you’re either hiring a company or a 1099 contractor to do a specific job for you. There are no employment taxes, no health benefits to cover, no paid time off, and no recruiting costs. You just pay a monthly fee or a set hourly rate.
2. Adjustable fees
You’re only paying for the work you need done. Do you really have 40 hours a week of work to keep a bookkeeper busy or would half that time be going to administrative tasks below their pay grade or just plain wasted? With outsourcing, hours can be adjusted based on need.
3. Expert consultation
You can hire a professional whose expertise would otherwise be cost-prohibitive to put on your payroll. It would be a big expense to keep a CPA or an IT manager on staff, but through outsourcing, your small business could have access to these professionals whenever the need arose.
4. Peace of mind that tasks are done right
You can avoid hiring someone who doesn’t have the necessary skills or expertise that you need just because you can afford the expense of the best. Don’t let cost cause you to hire a liability when you can outsource to the best for less, and give you the peace of mind that your business affairs are handled correctly.
5. Focus on building your business
When you outsource either mundane or specialized tasks, you and your current employees are freed to focus on bringing in revenue or making sound business decisions. If your sales staff doesn’t have to do all the data entry for the sales they just made, they can spend more time following up on leads. If your accounting manager doesn’t have to make accounts receivable phone calls themselves, they can focus on analyzing the business’s financial outlook so sound decisions can be made.
6. Access to the best systems
Not all small businesses have deep enough pockets to afford the best systems. If you want videos to be posted on your company website, for example, outsourcing to a firm or contractor who already have their own equipment means you can have professional-looking videos without having to purchase the cameras and editing software yourself. Outsourcing your accounting can get you access to top-of-the-line accounting software, as well as the professionals to use it instead of fronting the costs.
10 Tasks Perfect for Outsourcing
- Payroll and HR
- Information Technology
- Customer Support
- Web Development and Design
- Data Entry
- Accounting and Bookkeeping
- Social Media Management
- Content Writing for Blogs
Outsourcing is no longer a dirty word — and small businesses should leverage it as much as possible. At Agents of Efficiency, our success is based on freeing entrepreneurs from all the boring stuff that clouds their vision. Don’t do the boring stuff yourself.