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Outsourcing For Small Businesses

August 18, 2018

Outsourcing is never something to be ashamed of, no matter what the size of your business, instead it is something to be proud of, and shows customers and other business owners that you have taken steps to successfully fulfil as many elements of your company as you can, and that you are not cutting corners when it comes to your employees.

Risk management, continuity and operational expense control are all enhanced when you outsource different aspects of your business, not to mention the positive impact it can have upon achieving a balance between your work and home life.

The following tasks can easily be outsourced to help you continue to grow your business, while balancing your time as an individual:

  • Bookkeeping

Recent research has shown that as a business owner, when you attempt to perform multiple tasks at the same time, you are highly likely to experience a 40% fall in your productivity levels. Projects begin to drag on forever and your stress levels are intensified as you struggle to do everything yourself.

When it comes to your finances, you really don’t want to fall behind or make mistakes when you take on too much, so outsource your bookkeeping duties to ensure that you, your business or your employees, don’t suffer financially.

  • Content marketing

Good content marketing can be hard to achieve, and business owners often feel that just because they know their business, that this means they understand how to market it effectively, too. However, there can be no substitute for skilled content marketing, and outsourcing this vital element of your business is one way of ensuring that you connect effectively with your target audience and generate and retain business leads and customers. You may wish to start small with a freelance writer, and then build up to having an entire team working on your online marketing.

  • Payroll

There are so many requirements, rules and regulations surrounding payroll nowadays that are constantly changing, that staying compliant while ensuring that your employees are paid accurately and in a timely manner, has become more difficult than ever. To be frank, it’s one hassle you don’t need as a small business owner, and outsourcing payroll is the only way to alleviate the stress and prevent costly lawsuits from disgruntled employees or fines from the IRS.

  • Administrative tasks and scheduling

While important to your business, the myriad small admin tasks that make up the running of any successful business, can really eat into your time, so why not hire an assistant that can handle these tasks virtually? All the time spent responding to emails, arranging appointments and so forth, could be better spent in other areas of your business, and having a virtual assistant means that you can automate employee scheduling tasks using software, freeing up your valuable time as the owner of a growing business.

Wherever you feel that your business is struggling to perform, you should consider outsourcing in those areas to see if you can’t speed up productivity, improve employee and customer relations and encourage your business to become even more profitable.

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