Common Wisdom recently published an article investigating the various outsourcing areas available to small businesses. Before you read about what aspects of your business can be outsourced, here are five benefits of outsourcing you may not have considered.
- Free up time. When you outsource certain areas of your business, you free up time for the things you do best. Managing marketing, IT, HR, finances or admin can be time-consuming.
- Rely on experts. Someone you employ to perform outsourcing duties is likely to be an expert in their specialist area. They will bring new ideas and innovative methods, and improve key performance metrics, helping your business succeed.
- Grow your business. Outsourcing can help you to grow your business. While you focus on business growth and diversifying your services, your outsourcing company will over valuable guidance and support.
- Increased efficiency. You save time and money and work more efficiently on your primary tasks.
- Risk management. Your outsourcing experts will actively assess and reduce risk to your business.
The full article is listed below.
If you are interested in learning more about outsourcing your finance management or business operations, learn more about our services or contact us.
Read the article
Running A Small Business? Are You Outsourcing These Useful Areas?
By Common Wisdom Editor
If you run a small business, you are likely to be wearing many different hats on a daily basis. However, with the careful use of outsourcing, this can be minimised and leave you with more time to focus on areas that could grow your business. Most business areas can be outsourced in one form or another; it’s just about choosing the right ones to do. For example, if you are weak in marketing look to outsource this but you’re strong with accounts keep that in house.
Let’s have a look at some of the most commonly outsourced areas in small businesses of today:
IT
This is probably one of the most commonly outsourced areas in a small business, especially when they start to grow and include recruit new employees. From website design through to cloud storage and setting up inhouse software, using an IT service like found at this website can help to reduce the amount of time and training that could be needed to set it up and maintain it.
HR
HR can take up a lot of time and commitment and as your business grows you may find that you are spending more and more time just on the general running of this department, which is less than ideal when you want to grow further. If you don’t have the need for an internal HR department then outsourcing could be the right solution for this. They will have expert knowledge regarding recruitment, pay, labour fees, and many other areas that could lead you to the trouble if you don’t get them right.
Marketing
Marketing has and always will be one of the most important areas for a business so it would make sense to why you would want to hold onto the control over this. However, the skills and expertise that you open yourself up to when outsourcing is invaluable and even the biggest of companies now outsource their marketing. Because we live in an overly digitalised world now, a lot of doors have opened up when it comes to marketing opportunities. Still, it also means that the time needed to perform it successfully has increased two-fold.
The need to produce good content and manage social media accounts is just one element of today’s marketing, and this alone can justify a full-time job. This means that as a small business owner, you are going to be freeing up a lot of time if you make good use of a digital marketing service or social media marketing service.
Administration
You might be thinking ‘I’d never outsource my admin duties’, and this is because you are so used to keeping it close to your heart, so you know exactly where you stand. However, this is an area that dramatically reduces costs, which is invaluable for a small business. Outsourcing areas like data entry, document writing, and copywriting are all areas that can free up your time and enable you to keep your focus on areas that are going to push you towards growth.
Access the original article here: http://commonwisdom.co.uk/running-a-small-business-are-you-outsourcing-these-useful-areas/
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