Four Beneficial Outsourcing Options For Emerging Businesses
Is your growing company falling behind because you’re spending too much of your precious time trying to manage the entire operation when as a business leader, you should be leading from the front? If so, you are not alone. Less than twenty percent of managers and small business owners feel that their time is being spent in the most productive way possible.
When your business is growing, this is a great time to offload some of the most rote and draining tasks to other stakeholders and spend more of your time on growth-related work.
But where do you start? If you’re looking to outsource some parts of your business operations but wish to hold on to others, this list of commonly outsourced services will help you decide how to leverage outsourcing to boost your business.
Stop worrying about IT.
According to a recent survey conducted by Deloitte, IT represents one of the areas of small to medium-sized business that is outsourced most often.
More than 50% of the growing businesses that took part in the study indicated that they at least partially outsource their Information Technology needs. Another 33% said that they plan to follow suit soon.
Compared to hiring an IT team full time, outsourcing your IT can save you as much as 40%.
Savings are far from the only benefit you can expect managed IT to deliver for your business. Managed services—such as offered by Mazteck IT—can also make your company more flexible, agile, and scalable as it grows and evolves.
One of the top challenges facing growing businesses is being able to scale their technical operations. If your business is on an upward trajectory, managed IT may be the perfect solution.
Get Freelancers Onboard
Three out of four fledgling businesses that make use of freelance work report that hiring freelancers gave them the edge over competitors in the startup stage. Why? Because making the most of the talent on offer in the gig economy means your company to tap skills and insights that you would have to pay top dollar for if you made those people paid employees.
Getting freelancers in to do projects your team is not equipped to handle also means you can expand your staff when the need crops up, covering frenetic periods of growth without ending up paying too many people than you can afford once things quieten down.
Hire Payroll Heroes
Many startups struggle with tax and HR compliance until they decide to outsource payroll rather than attempt to manage it in-house. Offloading this complex procedure to skilled pros or specialized software has been shown to significantly improve compliance and lower your operational costs. And the cost savings are not minimal, either: companies that opt to outsource their payroll requirements are likely to save up to 20% more than businesses that employ a dedicated payroll team.
Outsourcing your payroll needs has another crucial benefit that is often overlooked when it comes time to prioritize aspects of a business for outsourcing.
As a business leader, you understand that your team is the key to the success of your operation.
Taking care of your team’s needs will enable you to nurture and retain the incredible talent you’ve fought hard to hire for your business. Outsourcing your payroll significantly reduces the incidence of accounting errors, fostering trust within your business, and building loyalty.
These days, your business website needs a blog, full stop. Why? Not only does your blog help with Search Engine Optimization (SEO) but it helps you build a relationship with your customer, and position your company as a source of reliable information on the issues they care about, building trust in your brand and enhancing your reputation.
A blog can also be useful for HR, and is a great way for potential employees to get a sense of what it’s like to work within your organisation.
The key to a successful blog is updating it regularly with relevant, informative content that your audience will connect with.
Many small businesses make the mistake of attempting to maintain their blogs themselves or adding blogging to their team’s responsibilities.
This can result in an inconsistent voice on your blog (which erodes trust in your brand) and an over-worked team. It makes more sense to hire an agency or dedicated writer to research and write the content you need.
When you’re trying to grow your business, it can be tempting to try to handle everything in-house, for fear of going over budget. But while you may tell yourself that your business is saving on expenditure and boosting your bottom line by stretching your small team to cover all bases, this “do it all” attitude could be holding your business back.
© New To HR