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All Content > Articles > Business > Business Planning » View Article

Outsourcing Could Save Your Business


Summary:
Delegating to the best people to do the job doesn´t always come easily to either small business owners or big business. Who can do it better than you can and who knows your market more intimately? But that in-depth knowledge of your own strengths is exactly why you should bring in the experts - and free yourself up to grow the business and vision.
Details or Sample:
• IT consultant. There’s no IT department to rescue you from computer crashes in a start-up business! Hunt down a good IT consultant who charges reasonable hourly rates and leaves their cell phone switched on out of hours for client crises.

• Web designer/web hosting company/web copywriter. If you are lucky, this set of skills might be found in one supplier, or your web guru can recommend other suppliers.

• Lawyer/ Tax lawyer. From the outset, you need to know your legal parameters and obligations. Mistakes made can cause havoc, so get it right at the start!

• Bookkeeper / Accountant. Sometimes one supplier can fill both roles; otherwise, find yourself two excellent professionals to handle your administration obligations.

• Other areas where external support can be effectively outsourced include public relations and marketing expertise, raising venture capital, or even office cleaning.



In deciding what to outsource, ask yourself what value you place on your skills and knowledge. For example, if your main skill is selling your marketing consultancy skills at $70 an hour, you will make much more money if you devote most of your time to that. Outsourcing your bookkeeping to a contractor who charges $35 an hour will free you up for profitable marketing.
Outsourcing at the ‘big end of town’
While some larger firms and corporations handle everything from payroll to graphic design in-house, many others choose to focus on their core business and bring in the hired guns for the services that their business needs.
There are U.S. call centres for example using operators from other countries with lower labour rates, as far afield as India.
Closer to home, many large companies are hiring staff who work virtually from rural areas, where lower living costs let them supply business services at competitively priced rates.
The majority of consultants and contractors keep your bills low through contracting out their services on a cost-effective project basis, commissioned and paid for only as required. Ongoing relationships with trusted suppliers benefit the company, which doesn’t have to carry healthcare, insurance and other expenses, or salary costs in quiet work periods.

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