WHAT SHOULD YOUR SMALL BUSINESS OUTSOURCE?
DEC 8, 2020 | BUSINESS GROWTH, OUTSOURCING, SMALL BUSINESS TIPS
Outsourcing is a viable business strategy regardless of the size of your company. It is a time and money-saving approach, especially for small businesses looking to grow, develop talent and boost their profits. Identify which aspects of your business you need to outsource. Doing so allows you to concentrate on productive work.
Here are some of the tasks and projects you should consider outsourcing.
Bookkeeping
A study conducted by researchers from the American Psychological Association revealed that multitasking may lead to a drop in productivity of up to 40%. It takes longer to finish tasks and projects, and a person has higher stress levels. Small business owners end up doing this because of limited resources and few employees. This is when outsourcing becomes a viable approach. One of the tasks to outsource is bookkeeping. Outsourcing accounting for small business owners is an approach that enables you to focus on your core strengths and productive tasks.
Content Marketing
If you rely on online marketing, the content you publish is important to your success. This comes in various forms such as articles, infographics, videos, images, and others. These allow you to reach your audience, educate them about your brand and convert them. Many companies hire a marketing team and executive to handle this aspect of their organization. However, for small business owners with a limited budget, the same approach may burn a hole through their pockets. One way to solve this is to outsource content marketing. You can hire freelance writers, designers, social media specialists, or an agency that does all these.
Payroll
Payroll goes beyond work hours and payouts for your workforce. It requires your small business to follow regulations and laws that may lead to violations even for minor mistakes. Outsource this aspect of your business to not only reduce stress, but make sure you won’t get penalized when you file your taxes. An outsourced firm already has a system in place and their team has experience in different industries.
Administrative Tasks
As a small business owner, you need all aspects of your company to be productive. Consider outsourcing certain administrative tasks so that your team can focus on work that generates profits. You can hire freelancers and virtual assistants on a project basis. This fills gaps in your workforce without sacrificing quality output.
These are some of the tasks you can outsource so that you can concentrate on growing your small business. Small business outsourcing is a tried and tested strategy that has helped companies reach their objectives and have a productive workforce. If you’re looking for an outsourced bookkeeper, you can contact us for more information.
Source: https://robookkeeper.com.au/what-should-your-small-business-outsource/