Outsourcing is when you hire someone from outside of your business to perform certain necessary tasks and different businesses have different reasons for outsourcing some of their business tasks. It all depends on what they want or need to accomplish, how much time they can personally devote to particular tasks, and how they value their time.
One mistake that many small business owners make is thinking they have to do everything themselves, either for reasons of creative control, or because they think outsourcing is not a justifiable expense. The truth is, if you can outsource part of your business workload, you will be able to devote more of your time to tasks that hold more value and importance for your business.
In some cases, business people outsource some of their work because they do not have the equipment or resources, or they do not have the expertise to do it themselves. Or they may simply need help through a busy period. Whatever the reason for outsourcing, if planned with purpose, it can contribute to the productivity and ultimate success of a business.
An advantage of outsourcing is the fact that it is much more efficient than hiring, training and supervising new employees. Simply hire a professional, tell them what needs to be done and let them go to it. A side benefit is you won't need more office space to accommodate more people. Not only does outsourcing leverage your time, it can also help to leverage your resources.
Additionally, when you outsource some of your workload, you won't need to worry about additional paperwork involved with hiring an employee, such as tax forms and scheduling. And you won't have employee costs like taxes, vacation time, workers compensation and so on.
The key benefit to outsourcing is the time it frees up for you to concentrate on more important business-building tasks. You can focus on your marketing efforts; work on improving your customer service; devote some time to new product development; speed up your delivery system; develop new markets; land some bigger customers and larger orders; expand your services to take on any overflow your competitors can't handle.
Some small business owners may look at outsourcing as a burden of expense rather than a benefit. "How can you justify the expense," they ask, "when sales and income are low?"
The thing is, if sales are low, that is exactly why you need to outsource some of your tasks – so you can devote more time and attention to your marketing and advertising in order to generate more sales, faster.
Outsourcing is just one of many resources at your disposal. When used wisely, outsourcing can definitely contribute to your business and success.
This post has been provided by Harry Goldstein of East Coast Consulting and Bizcoachonline. Contact Harry through his website http://www.bizcoachonline.com.au or his facebook page http://www.facebook.com/Bizcoachonline for more information or tips on business!