- March 30, 2020 3:00 pm
Time and money are two of the scarcest resources for small business owners. Between building a brand, filing for an LLC, and managing clients, it can be hard to complete secondary tasks like creating content and building a website. When the responsibilities start to build up, hiring a few more employees to help out might seem like the best idea. However, if you are short on funds, do a quick analysis to see if outsourcing is a better option before posting the job opening.
Not only is outsourcing more cost-effective, there are incredibly talented individuals at agencies and in the pool of side hustlers who can deliver as high of quality work than an in-house employee can. On the other hand, outsourcing the wrong tasks can be a big waste of time and money. If you are deciding between taking on another employee and outsourcing, take a look at these benefits and drawbacks of contracting out to help make your decision.
In the first months and years of a small business, money, time, and employees may be resources that are in short supply. In order to start your business strong, some secondary tasks may need to be delegated. Contracting out menial responsibilities can allow you to focus on your core competencies and develop a healthy work/life balance for you and your employees. Some of the tasks you should outsource are:
Though outsourcing is a great option for small businesses that have limited funds, trusting outside workers with key tasks can be a risk. No one cares as much about a business succeeding as the employees on the company’s payroll so choosing an inexperienced freelancer or an unprofessional agency can result in wasted time and money. Here are a few tasks that small businesses should keep in-house:
As you start and grow your small business, develop clear procedures for tasks that can be outsourced. If you choose appropriate tasks and vet your workers carefully. Outsourcing can not only save you time and money, but freelancers can bring skills to the table that can propel your company forward.
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