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18 Sep 2013

Outsourcing Frees Up Small Business Owners

Author: Vanessa  /  Categories: Reducing Costs  /  Rate this article:
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Outsourcing Frees Up Small Business Owners

As a small business owner, there will be times in which you may entertain the thought of outsourcing certain tasks to free up your time to continue growing your business. Although most entrepreneurs have tremendous talents and abilities, often times they think they can do it all. Unfortunately, this belief can destroy the growth of the business. By outsourcing the day-to-day tasks required to support a growing business, owners have more time to focus on productivity and customer satisfaction.

At what point should you outsource? Every business is different. Some businesses can address daily activities, but need additional help for pursuing new projects. If you and your staff are unable to manage business operations, it may be time to consider outsourcing. Or if you have very little time left in the day to pursue growth, it is time to consider outsourcing. Letting go of total control is the most difficult thing for most entrepreneurs. But if you want your business to grow, you must start delegating certain mundane tasks.

To get your feet wet, start small by relinquishing control and allow your selected team members to do the job you’ve hired them to do. Call in help to address bookkeeping, IT and virtual assistant, and grow the team from there. You will quickly see the benefits of outsourcing.

As you review the different components of your business for outsourcing, consider its advantages. The benefits to outsourcing extend beyond cost savings. Here are the top five advantages of outsourcing:

 Benefits of Outsourcing:

1.      Improve Company Focus

§  Keep pace with the changes of business

§  Set aside time for marketing

§  Improve business productivity and customer relationships 

§  Automate business processes

§  Improve customer satisfaction and retention

 

2.      Improve quality & reliability of business processes

§  Reduce and control operation costs

3.      Professional Knowledge & Expertise 

§  Access to professional skills and resources

§  Allow time to focus on your company's core business and productivity

§  Eliminate the costs associated with hiring employees, especially when the budget cannot support the expenses

4.      Risk & Quality Control

§  Placing responsibility on the outsourcing provider to produce quality solutions

5.      Extended Operations

§  Increase productivity even while away from the office

Avoid trying to do everything yourself. Realize that removing yourself from low-level operations is the smartest investment you can make for the long-term success of your business. Once you start outsourcing a few non-critical tasks, you will see that the investment will pay for itself. Outsourcing will allow you to focus more on developing business strategies, thus yielding the most ROI without sacrificing quality and service for your customers.

                                                                                                       

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