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Should Your Company Start Outsourcing?

November 11, 2020 | 73 Comments

It can be hard to run a small business efficiently, and it can be challenging to know what to do yourselves and what you can outsource. Here are some things you may consider getting others to do for you so you can save time and money.

Advertising

You know you need to promote your business, but it can be confusing to figure out what you need to do, especially if your company hasn’t been around very long. Working with experienced marketers can get your brand out where potential customers can see it and this can save you money in the long run.

Manufacturing Your Product

Working with a company that has experience producing what you need can be a huge boost to your bottom line. Rather than needing to purchase land, build a facility and get all the machinery, you can often find low cost country sourcing for whatever your product may be.

Customer-Facing Employees

You want to put on a good face for customers who have questions but may not have the personnel to do it yourself. Hiring other companies can save you the cost of additional employees while still getting the job done to your satisfaction.

Payroll and Accounting

Especially if you don’t need a full-time employee working on keeping you financially compliant and making sure your people get paid on time, this is an area to consider outsourcing. In fact, many businesses feel comfortable about hiring outside assistance with financial issues. Experienced accountants keep up with the latest laws and practices and often do work for multiple companies. You can let go of the need to hire an accountant as an employee and hire one who can do the limited amount of work you want them to take on.

Technology

While many people are very technologically savvy, there are just as many who are not. If you work with an IT company to handle your needs, they are more likely to be able to keep your equipment and software up to date than you are.

Hiring and Training

Onboarding employees is another job that can be outsourced. You can work with a recruiting service or staffing company to help you find the people you need. Let them handle the screening or vetting of each person so you can have confidence that those you look at hiring are qualified for the job.

As you can see, there are many things you can outsource to help your company maintain efficiency. Consider the pros and cons of each and determine where you can save money by going outside your company for some of these services.

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