9th August 2017
Successful business owners tend to be those who recognise when it’s time to delegate. That may be to people already working within the business, or it may be to an external specialist. Understanding what’s best for your business – and when it’s best to outsource – can help you to avoid some of the traditional growing pains.
There are many reasons to consider asking other people to manage certain tasks for you:
To save time – as the person running your business, you need to spend your time on tasks that actively aid your growth and development. You certainly don’t want to be spending days of your time managing bookkeeping or email marketing.
To save money – it’s far cheaper to outsource than to employ. With an external resource, you only pay for the time you use, and you have no employer obligations.
To harness expertise – with the best will in the world, you’re unlikely to know how to do everything. So why not use an expert to manage your IT, handle your VAT returns or plan your events?
What can you outsource?
With an ever-increasing number of people setting up as service providers and consultants, there’s now a wide range of tasks that you can outsource. Virtually all the tasks associated with the day-to-day running of your business can be outsourced – what you need to do is decide what can be done by you and the other people working in your business, and what would be more effectively handled by someone else. This might include:
Where do you start?
It’s often a good idea to ask for recommendations when you’re looking for good quality outsourced partners. You’ll find that other businesses in your networking groups, professional groups and your immediate locality may have good contacts with people they can refer you to.
It’s worth talking to two or three different suppliers to find out what their areas of expertise are, learn about how they work, and get an idea of cost and availability. You might want to see samples of work, or talk to existing clients.
Most importantly, you want someone who you feel will take the time to work as part of your business – whether they are based in your office or not. You need to be comfortable with how they might represent your business if they are dealing with clients, and be happy about letting them loose on your systems.
The value of outsourcing
Once you’ve taken the decision to outsource certain tasks, you will find that you have much more time to focus on business development and strategy, getting your business in good shape for growth. It’s an investment well worth making.
Contact us to see how you can save time and money by outsourcing your accountancy tasks.