In our crazy busy world, we’ve found small business owners to be some of the busiest.
Like many business owners, they tend to wear many hats. Beyond their primary business activity hat, owners can wear an accounting hat, human resources hat, IT hat, marketing hat and more.
While we can admire that entrepreneurial can-do spirit, being busy—or overwhelmingly busy—can make it hard to get work done. More specifically, doing the work that will maintain and grow your business plus increase your income.
Wearing too many hats on your head can be unwieldy. It can take a stressful amount of energy to keep all those hats from falling off your head.
Energy that could be better focused on your core business activity.
Time to Share Those Hats—Advantages of Outsourcing
Outsourcing some areas of your business can be an efficient way to improve the running of your business.
Here’s a list of our top four outsourcing advantages:
Focus: Keeping Attention on Your Core Business a Priority
Smart business owners know they have limited time and attention for details. When that time and attention is consumed by peripheral day-to-day tasks, your primary business can suffer from neglect.
By outsourcing, you can shift your focus from outlying tasks to activities that:
- Maintain and improve the quality of products or services your business delivers
- Better serve your customers
- Make your business more successful
Save Money: Increasing the Efficiency of Your Financials
As your business grows and becomes more complicated, so do the tasks of maintaining and keeping track of your business finances. There comes a point when performing these accounting tasks at a consistent and reasonable cost becomes a challenge.
Outsourcing can be a lifesaver to your business’ bottom line.
Accounting: If you’re spending nights trying to do the books, hire someone to handle your bookkeeping and billing. They can handle these day-to-day tasks efficiently while you focus (see above) on your business.
Reduce Overhead: If you’re a growing business, you’ve maybe encountered a need for more office space to handle more staff. Expansion costs money. Instead of incurring additional overhead costs, look at the simple tasks an expanded staff would perform and locate a vertical assistant/service provider that can fulfill them for you.
Reduced Labor Costs: As a follow up to reducing overhead, outsource staffing. Hiring and training new staff can be an expensive endeavor. Some of your staffing tasks might be better performed through a business that specializes in your needs. Consider hiring out for your IT, human resource management and janitorial needs.
Competitive Advantage: Leveling the Playing Field
Let’s face it, bigger companies that can hire in-house support have an advantage over smaller businesses. Outsourcing is one of the only ways a small business can compete financially.
You Can Act Bigger: Outsourcing can provide your small business with the same economies of scale, efficiency and expertise as your larger competitors.
Staffing Flexibility: If you have seasonal or cyclical staffing demands like most of us in St. Augustine, outsourcing can be the solution. Work with a virtual assistance firm that can bring in additional staffing resources when you need them and release them when not needed.
Start New Projects Quickly: By outsourcing your peripheral tasks, you’re able to better focus on your business needs. That means you can put more attention toward new income producing projects. What’s more, a virtual assistance firm could help you ramp up new projects right away.
Reduce Risk: Let Others Worry and Solve It For You
It’s no secret that we live in a business world of change. Market and financial conditions are always shifting. New government regulations are always just around the corner. Technology changes quickly.
Outsourcing to providers with expertise in areas outside your core business arena can help keep you away from sleepless nights. Let these outsourced partners assume and manage these risks for you.
If you are ready to take advantage of our virtual assistant services call us today at (904) 429-4588 to learn more.