Business owners and managers can be very protective of their enterprises, and so putting certain aspects of their business in the hands of others is something of which many feel wary. Many also feel that employing external contractors is a waste of money But trying to keep on top of everything is often a false economy.
If you’re a business owner or manager unsure about outsourcing tasks, simply work out how much your time is worth per hour. If you can outsource menial and unprofitable tasks for less than that, then you can spend more time doing work that matters and generating revenue for your business. If you’re looking to employ somebody in-house to perform certain tasks, ask yourself: when you add the consumption of office resources, hours spent integrating and training, and add-ons such as pensions and insurance to their salary, are they really costing you less money than if you outsourced their work?
If you’re looking for ways to increase profits, consider outsourcing these five tasks:
Every minute of your employees’ time that you’re paying for, they should be spending doing tasks that can make you and your business money. If employees are having to spend time feeding paper sheet-by-sheet into your tiny office shredder, consider outsourcing your paper shredding to a mobile shredding company such as Datashredders , who are able to provide secure waste containers for confidential waste to be directed into and can also shred laptops, hard drives and more.
Answering emails, arranging meetings, sorting through paperwork: all tedious, time-consuming tasks that detract from time which could be spent dedicated to more profitable tasks.
Digital Marketing and Social Media
In the last decade or so, an entirely new industry has taken shape in the form of online advertising and creating and maintaining a company’s web presence. Many industries, particularly those which don’t lend themselves well to an exciting website, engaging digital content or a Twitter feed that people want to follow, have struggled to make the transition from more traditional marketing efforts, but those that have done it well have usually outsourced it to specialists.
Conducting international business obviously requires people who can speak different languages By outsourcing such a role, you will be able to select from a field of qualified, talented freelance candidates.
Finance and Accounts
Nothing will sap your passion and enthusiasm for your trade more than tax forms and payroll reports, and as failing to complete these and similar documents correctly could incur fines, it’s worth thinking about outsourcing your financial affairs.
Outsourcing shouldn’t be feared by a business – in fact, it should be embraced. From saving thousands of pounds to making tiny, marginal gains here and there, the benefits of outsourcing far outweigh the risks, and with specialist companies for every task imaginable all eager to do a good job in order to earn repeat business, it’s worth considering the extent to which your business will benefit from outsourcing.