Is It Better To Keep Work In-House, Or Outsource It?
As a small business owner, it’s easy to want to do it all. However, as your business continues to grow, you’ll find that tasks keep piling up, and the mundane tasks are taking all of your time. In order to make sure you don’t spend all of your precious time on administrative, or other tasks, Entrepreneur recommends that small business owners do a lot of outsourcing. While outsourcing is a great way to get more done, and save money, it’s important to outsource the right tasks. Here are some tasks you should considering outsourcing, while other tasks you should keep in-house.
Payroll is one of those things that can take a lot of time, especially if you try and do it yourself. Thankfully, there are a lot of payroll services out there that will hardly cost you anything in the grand scheme of things, and will do a much better job than you will do. When it comes to payroll, small business owners should outsource.
Background checks are another important staple of the hiring process, but it can be tedious to try and do it yourself. Instead of taking this on, outsource it to a company that specializes in background checks. Then, all you have to worry about is reading the results.
Highly Repetitive Tasks
There are various repetitive tasks like accounts payable, data entry, record keeping, shipping, and inventory that can all be outsourced. In some instances, you can even get software to do the job for you. If you leave these tasks up to yourself, you will find that you are spending all of your time doing a job that could easily be outsourced. When it comes to repetitive tasks, outsource.
At some point, every small business owner will need help from an executive like a highly qualified CFO, CMO, or COO. Instead of hiring a full-time chief executive, consider hiring a professional consultant to come in a few times a month and offer you guidance. This way, you can still stay on track, but you don’t have to spend hundreds of thousands of dollars to keep someone in-house. It’s a great way for small businesses to get the advice they need, but keep costs for this kind of advice within reason. Hiring a consultant for other specialized skills like software training is also a good idea.
You may need someone to help you with social media, writing, design, or even IT. However, you might not need enough help to bring someone in full-time, or even part-time. In this case, it’s a great idea to outsource. There are a ton of freelancers available that will help you on a per project basis. Instead of worrying about paying someone a full-time salary to help with projects every once in a while, just outsource the projects you need help with every so often. This will also help you save money in the long run.
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