Every small business owner will agree that there are dozens of small tasks that can absorb your entire day in a blink of an eye. Ultimately you are devoid of the energy to redirect your mind space in the core jobs. This ‘do it all yourself’ attitude of the small business owners can drastically hamper the growth of the business in the long run.
An incredible solution to this problem is outsourcing. This can give a brilliant boost to your company’s growth and productivity by enabling you with more time to focus on the bigger picture.
Most entrepreneurs drop this idea because they fear the cost. But, believe me, it is cheaper than a full-time employee. Around 24% of the businesses opt for outsourcing primely to increase the efficiency of the tasks while around 18% opt it in order to receive expert assistance. Here are 5 prime jobs that you must outsource to receive better results for your business.
- Accounting and Finance
As a business owner, you must definitely know the value of accurate, up-to-date financial records. The pile of financial tasks may seem like a burden and hence, it ultimately shifts to the bottom of your daily task-list. Some owners have even admitted to having a poor financial system.
Using a financial consultant or advisor can take off a great deal of your load. Firms such as Crabtree, Rowe & Berger can take care of your total accounting process. What’s more? You can capitalize on the expertise of a highly-skilled financial team at quite a reasonable cost! You can also hire an freelancer bookkeeper and work along with him using quickbooks enterprise cloud services. This ultimately eliminates the costly mistakes you make otherwise.
- Human Resources
As your business thrives, HR management becomes more and more complex. Outsourcing this field not only provides you with more dedicated HR experts, but it also helps in formulating a customized plan which can meet the needs of your expanding business.
Payroll, specifically, can be a huge challenge for a small business. It isn’t as simple as calculating hours and payouts for the employees. You also need to distribute checks, file tax returns and stay updated with the changing wage and hour laws. Even a simple mistake can roll in a tax audit and cost you thousands of dollars.
HR is one of the most complex departments and is best to outsource. It will help you stay updated and comply with the laws at all regulatory levels.
- Marketing & PR
No less than 70.8% of small businesses opt for in-house marketing. But, unfortunately, most of the time it doesn’t work so well. Often the businesses that are low on capital and resources required to keep up a solid marketing strategy including creating content and managing social media.
Outsourcing the marketing and PR aspect to an experienced digital marketing agency or a freelancer will help you remain active in the industry. They are experts who keep a tab on the latest marketing trends and tactics which are crucial for the flourishing of your business in the long run.
- Operating Process
When entrepreneurs intuitively from the operating process for their business, things start to get messed up. Such processes turn out to be inefficient in the long run when the business starts to grow. There are numerous proven strategies to choose from, so the business owner must invest significant time to pick the best of the lot.
There are many such firms that integrate an exhaustive business model for you which guides the owners on which decisions to take, and enable business growth on the basis of solid data and not just ‘gut feel’. Vision, data, process, traction, issues, and people are the key components that lead to a successful business. For your ever expanding business it is advised to adapt to feasible technologies like Microsoft Government Cloud for all time business productivity.
- Sales Pipeline
This is another field that leads to the downfall of most businesses. You may have an employee who brings in large contracts but fails to implement them. Managing the salesforce, generating leads, tracking the prospects and then closing the deal is a lot of work. With all the time and effort, it demands, you may still not be able to achieve the desired results.
Outsourcing this task to an automated technology agency can be of great use. They can set up a CRM system to control the sales pipeline, carry on conversations and run the projections. Right now, no less than 68% of marketers are using marketing automation.
Your small business can hugely benefit from outsourcing these tasks. It will help you free up your time and invest it in more important tasks.