There are many things in business that cost an awful lot of money, and expansion is one of them. Successfully growing your business is a mark of achievement and so it makes sense that if you can do that while saving money, you absolutely should! There is little understanding about outsourcing as a whole and what it’s for, but if you want to really save your company some money, you should look into the merits of outsourcing and see how you can expand your business without expanding your financial plan.
Outsourcing isn’t for every company. If you are the type of business leader that prefers to see your empire in front of you at all times, then outsourcing may not be for you. It’s something that businesses have to really look into to know if they want to reach out to other areas and trust pieces of their business elsewhere. Some services cannot be outsourced, and others are the best to outsource. If your company has grown enough to reach out from the second bedroom in the house, but not enough to need a city office, then outsourcing may well be perfect for what you do. So, which services in your company can you outsource today?
- Human Resources. Every company that is worth its salt should have a human resources department, and not just for the staff. Business leaders often need advice and companies like HR Simple are out there for this very reason. You need to have advice on hand for both staff and management and this is a way to do it without the need for an inhouse team. You can grow your staffing – especially remote workers – and have a solid human resources area, without having a corner office booked for them.
- Administration. Virtual PA’s have always been a big hit. When you’re jet-setting and making a name for yourself globally, you can’t drag a PA around with you. So, having a virtual office to take your calls and post, as well as do general admin for you on a daily basis, can mean you get everything you need without being rooted in one office area.
- IT Support. A big concern for large businesses is data security. An in house IT team isn’t just there to switch the computer off and on whenever something goes wrong, but also to assist in the security protocols for your business and helping with your online capabilities. You can outsource this service to a cloud team based offsite.
- Finance. You could have excellent financial management skills, but as the owner of a business you cannot be master of all trades. Having your company finances managed by an outside team can free up your time. Paying staff, managing invoices and paying suppliers can all take up a lot of time, so outsourcing to a reputable accountancy can take it off your hands.
Outsourcing elements of your business doesn’t mean you’re being lazy, but it does mean you are being business smart!