6 Benefits of Outsourcing for Small Businesses

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Are you spending too much time and energy trying to make your business run? In cases like this, it may be the case of trying to take on too much work yourself. You need to find a way to offload some of your work.

Outsourcing is a great way to handle this problem. It works so well that over one-third of small businesses outsource at least one part of their business process.

If your business is dealing with more work than you can handle, outsourcing some of those tasks may be worth it to start getting more done. Below are six benefits of outsourcing that you need to know.

1. Stay Focused on Your Core Tasks

You have to wear a lot of hats as a business owner. You don’t always have time to focus on your core competencies when handling other business tasks. You have to make sure your finances, tech support, and other business departments are running smoothly.

Unfortunately, this can often eat up too much of your time. If you spend too much time micromanaging other parts of your company, you’ll be left with less time to work on the things you’re great at doing.

When you work with an outsourcing partner, you free up time to work on the tasks you’re great at. Learning when to outsource and delegate tasks is a great way to ensure your business keeps moving forward.

2. Save on Costs

Hiring an employee for your organization is an expensive task. In most cases, you don’t only have to worry about the salary you have to pay your employees. You also have to consider employee benefits and taxes, as well.

On top of that, there’s the time and cost of finding the right person for the job. It takes money to post job postings on most job listing websites. You’re also going to spend valuable time interviewing candidates that you could likely better spend making more money for your company.

You can avoid many of these costs by working with freelancers. Many freelance platforms don’t charge you to post a job. You’ll only pay a percentage of your total payment to your freelancer.

While you may find that freelancers cost more money upfront, you’ll likely see that you save money in the long run by not hiring a person as a direct hire.

3. Scale Your Team

Scaling an in-house team is one of the most challenging parts of running a business. It takes time to find and vet qualified candidates for a job. If you need to hire someone quickly, your business is going to suffer as a result.

Not only that, but you also run the risk of hiring the wrong person for the job. If you spent a lot of time and energy looking for the perfect employee, you’re going to have to go through that whole process again.

You don’t have quite as much to do when you outsource parts of your business. You can quickly test someone to see if they can handle the job. You don’t have to go through the standard employee onboarding process and quickly move on from poor candidates.

4. Get Service From Experts

It isn’t always easy to hire experts for your business. Not only are they expensive to hire on your payroll, but it’s also challenging to find someone that can do what they say they can do.

Things aren’t as challenging when you work with an outsourcer. During your search for experts, you’ll likely come across reviews for someone’s service. You can use these reviews to filter out the lousy freelance experts from the good ones.

Going this route allows you to find the talent you need to complete your projects more easily. Once you have a sound system for finding freelance talent, you can quickly find people to take on whatever specialized task you need.

5. Mitigate Business Risk

Some parts of your business are risky to do yourself. Take payroll, for instance. If you want to offer direct deposit to your team, you’ll need to collect their banking information and ensure it’s secure.

If you’re a small business, you likely don’t have the resources to do this correctly. This is a severe security risk when you’re in this situation.

You can outsource roles like this to mitigate your company’s risk. When you outsource these tasks to a professional company, you use their resources to ensure your employee’s data is secure. You won’t have to worry about storing sensitive information and end up suffering from a data breach that leads to identity theft.

6. Get Employees in Every Time Zone

If you’re a global organization, the chances are good that you need people available to take calls from people in other countries. This isn’t as much of an issue if you work with countries next to yours. However, things get more complicated when your customers live halfway across the world.

If you want to properly serve those people and have people in-house do the job, you’re going to have to hire people for the third shift to handle the role. Unfortunately, many people don’t want to work evenings and nights. They want that time for themselves.

If you don’t want your in-house team to work irregular hours. Outsourcing for small businesses can help. You can hire an answering service company to gain access to customer service representatives in any time zone you require. All you need to do is provide your outsourcing partner the training material they need to serve your customers best.

The Benefits of Outsourcing Outweigh the Cons

While there are some cons to outsourcing that you should be aware of, they don’t outweigh the benefits of outsourcing you’ll see for your business. You won’t only be able to get more done in your business, but you’ll also be able to scale your team up and down as often as needed. Hire your first outsourcer today to see the outsourcing benefits for yourself.

If you want to learn a few more tips that will help you manage your company, head back to the blog to see what our latest posts have to say.