[This article was written by Anita Ginsburg.]
Owning and running your own business means being a jack of all trades. There are so many things you have to learn and master to do the job successfully. At times, the burden can seem humongous. Burnout is a big risk for many business owners. You really shouldn’t try to do everything on your own. Instead, you can delegate responsibility. One way to do this is by outsourcing. Below are six business processes you should consider outsourcing.
Processing payroll on your own is easy when you only have a few workers. However, when you hire more employees, it can quickly end up eating up a lot of your time that could have been spent on other important tasks. Outsourcing payroll can free-up time and slash costs if you’ve been paying employees to take on this task or taking it on yourself.
Bookkeeping and other accounting tasks also take up a lot of time. Even worse, accounting can be very complicated. Doing it incorrectly could mean running afoul of Uncle Sam. Thankfully, business accounting is its own industry, and all your accounting needs can be easily outsourced. It’s much more cost effective for new businesses to outsource than it is to hire a professional accountant or spend time and money training someone.
Finding the right talent to work in your business can also seem like a fulltime job on its own. It’s certainly time consuming, and all that effort will be wasted if you don’t hire the right person. Recruitment can also be outsourced so you can focus on managing your employees instead of finding new ones. There are tons of websites that offer these types of services to employers. Alternatively, you can contact a local staffing agency.
As a business, one of the most important resources you have is your data. This data can be used to generate leads, forecast trends, predict the amount of stock you will need and much more. Unfortunately, data can be wiped out on a local machine in an instant. Instead, consider outsourcing your data backup to a cloud provider. This will save time and money that would be lost trying to recover data or making up for lost data by redoing your work.
Customer service, especially done over the phone or online, can take a lot of manpower. If you don’t want to staff your own call center, it is probably a good idea to outsource certain segments of your customer service. There are plenty of customer service businesses to choose from that have streamlined the process of teaching their staff to fulfill your company’s needs.
Marketing is something that requires expertise to do successfully. As an amateur, you may find it difficult to navigate all the different choices for running advertisements while actually managing to reach your target market. In many cases, it may be best to leave it up to the professionals by outsourcing your marketing.
Running a business can be extremely difficult. You need to keep in mind that you can’t possibly do it all on your own for a long period of time. As your company grows, so do the needs for all these operations. For example, bookkeeping might be simple at the start, but can quickly become a full-time job. Part of running a business is learning to delegate some of the responsibility. Outsourcing in one way to do this. It can save time, money and resources.
Anita is a freelance writer from Denver, CO. She studied at Colorado State University, and now writes articles about health, business, family and finance. A mother of two, she enjoys traveling with her family whenever she isn’t writing. You can follow her on Twitter @anitaginsburg.