Business is made up of many different elements, and to thrive and succeed each of these needs to be running well. So with this being said, there comes a point where many business look to outsource different areas to professional companies. There are plenty of benefits to this- each company specialises in just that area meaning they’re professional, efficient and can ensure all tasks are done to the highest standard. It saves you hiring more employees (meaning you’d need a larger premises and more equipment) and generally gives you less tasks to oversee. But what areas of your small business should you outsource? Here are some ideas
Running a business means keeping perfect accounts, if you mess up here you could end up with lawsuits on your hands or even a prison sentence. If the government believes you have purposely not paid enough tax due to inaccurate accounts, you’re in a lot of trouble. Even in a small business there’s a lot going on with accounts and bookkeeping, from invoices, cash payments, bank transfers, tax refunds and rebates and so much more. If you don’t want the hassle, and want to be absolutely sure that your accounts are up to scratch then this is one area you could outsource.
If you have employees as part of your small business, even just a few of them you will of course need to make sure they are getting paid correctly. Payroll is a huge responsibility, there’s more to it than simply calculating how much your employees have earned and putting it in their bank. As with bookkeeping, get this wrong and you could end up with fines or in serious trouble with the law. If you are going to handle it in house, do your research and make sure everything is done by the book. You can get W2 form downloads and payroll software to make life easier, but the staff member handling this needs to be properly trained and experienced. Companies offering outsourcing accounting might offer payroll as well so you could sign up both to the same accountant.
Whether it’s infographics, marketing materials or blog posts, there are loads of talented creatives out there to tackle any content you need for your business so you don’t need to hire additional staff members. There are so many freelancing sites where you can hire writers, bloggers, designers, video makers and more easily and cheaply so creating any content you need for your business is a doddle. State the guidelines and many will have it finished and ready to go in a matter of days. If you do keep this in house you could merge it with an existing employee’s job. For example, every week they could spend one afternoon working on blog content. But if you did want to outsource it, you won’t be short on choice.
What areas of your small business have you outsourced? Do you prefer to outsource or keep as many areas as possible in-house?