Time is a precious commodity, and the higher you soar, the less of it you have. When growing your business, you need to spend much of your time on the right things. Trying to manage all your business operations by yourself will make it difficult for you to work on essential business tasks. Therefore, it is imperative to outsource to offload your business those exhausting tasks.
Here are the services that you should consider outsourcing.
It can be daunting for a small business to handle payroll. Outsourcing this service from experts has been shown to increase business success and decrease costs. According to a recent survey, companies that outsource accounting services save 18% more than businesses that handle it in house. Trying to handle it by yourself may lead to incorrect payments and late filings, which attracts fines. Hiring a third party to manage your Small Business Accounting or automated software to handle accounting tasks can significantly reduce these risks and save you some pennies.
It is sage to outsource logistics services to have sufficient time to focus on merchandising. Let third party logistics services handle warehousing and delivery tasks to enhance customer service and cut costs. Logistics companies have vast experience and word-class equipment to help them respond and deliver on time. In the long run, your business will scale to meet demand swiftly than you could have done it by yourself.
Information Technology Services
A survey conducted by Deloitte in 2014 showed that more than 53% of American businesses outsource technology needs. Additionally, the study found that 26 percent are planning to outsource these services soon. As you grow your business, there is a need to implement more specialized technology. Outsourcing IT needs will save you money and enable you to employ comprehensive systems to enhance the customer experience. IT professionals will help your business to offer flexible solutions and make you more agile as a business.
Marketing is essential for your business to thrive. Technological advancement has made social selling, e-commerce, web stores, social media, and online marketing crucial for small businesses. But before you set up an in-house marketing department, ask yourself whether it is financially feasible. If you commit yourself to do full-time PR, you will have insufficient time to attend to the critical business tasks.
Outsourcing some services will help your business to expand while still paying keen attention to core competencies. Also, it is cost-effective to hire some services compared to employing full-time staff. Outsourcing will allow your business to focus on priorities instead of wasting time on activities that could be better handled by specialists.
Emma is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2