The Benefits of Outsourcing

By Will Clanton

"Focus on what you do best - outsource the rest."

-Emma Jones, Enterprise Nation

Like most business owners, you've probably gotten really good at wearing multiple hats as you juggle a variety of roles. Unfortunately, this juggling act may leave you struggling with day-to-day activities that you hate doing. Sometimes, in search of relief, you may even delegate to inexperienced or untrained employees. While this type of behavior may get you through the day and possibly the week, it leaves you with little if any time to enjoy life and implement strategies into your business that are crucial for growth. If you are a small business owner who can honestly raise your hand and say "that is me," outsourcing could be a blessing. Outsourcing is not a new concept. It has been utilized by big businesses for years. You may have uncertainty about outsourcing, but once you sign on the dotted line, the benefits tend to outweigh the uncertainty.

The first thing that you should do is look for inefficiencies with your current resources. This may be administrative work that you, the business owner, are doing that does not create any additional income to your business. It could be tasks like payroll processing, bookkeeping or maybe even answering the phones. These tasks can be easily outsourced - freeing you to concentrate on income-generating possibilities. What would your life be like if you didn't have to handle the administrative responsibilities in your business? How much time would you gain to enjoy life with your family? By outsourcing your tedious tasks you will immediately see the benefits of a better quality life.

A lot of smaller business just can't match the support services or the advisors that the larger companies maintain. With outsourcing, smaller companies can have access to the same expertise that the large companies are privy to. You're looking for efficiency and expertise, so during your selection process you need to identify qualified providers that are experts in their fields. One of the benefits of outsourcing is having experts working with you in your business without having to sink time and resources into training. An expert will be able to meet with you and get an understanding what you are looking for and come up with a plan to get you there. Wouldn't this be a game changer for you? You would have a resource working in your business utilizing best practices and you would not have to dictate what needs to be done. That is the power of outsourcing, the expert shows up on day one.

Another great thing about outsourcing is it can reduce your liability. One employee incident that isn't handled well can put your entire business in danger, whether it's an issue from a hostile work environment or wrongful termination. With outsourcing, if your business slows down you can easily terminate the relationship without any employee disputes.

One of the primary reasons why big businesses outsource is to reduce cost. As you reduce your cost you increase your profitability. When you outsource, you also reduce labor costs. Hiring and retaining good staff is a difficult process. Hiring one new member can cost hundreds or even thousands of dollars. Hiring just for short-term projects can be insane. Services can be purchased on an as-needed basis as opposed to hiring a full-time employee. When you outsource you also reduce you unemployment taxes, Social Security & Medicare taxes, sick leave, paid vacation, and insurance.

If you are looking to have a better quality life, grow your business, stop training and fighting with employees, consider outsourcing. The benefits to you and to your company are virtually limitless. "Focus on what you do best - outsource the rest."

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