One of the big challenges for small business owners is how expand the business by taking the step away from being a one-man-band.
There are many issues involved with growing by taking on a staff member, including
- the direct cost of paying a wage or salary
- the indirect cost of employment overheads which are many
- what area of the business to ‘delegate’ to a staff member – there are so many
From this, one of the issues is the divisibility of the resources.
How do you get a company accountant without paying a full year salary for a qualified accountant.
The answer often lies in something called “outsourcing”.
Outsourcing has been available for many years, and the classic example is the book keeper. You just pay someone to come into your office for 2-3 hours per week, and you pay an hourly rate for that service.
Even more established is the practice of going to the accountant each quarter with your books to review the progress of your business and prepare tax returns.
The rapidly advancing technology of the internet and online resources have changed the outsourcing scene dramatically.
Cloud Accounting software means that you don’t need to meet face to face with the book keeper and accountant because they can access your information remotely to provide their services.
Websites and Marketing
Similarly, most small businesses often cannot justify paying for a full time IT person to
- manage internal IT issues
- develop their website
- use the website to market the business
That is why so many IT and web agencies have sprung up both domestically and internationally.
Admin and Clerical
Probably the easiest and most reliable functions to outsource are the admin and clerical processes.
The tasks that are repetitive and easy to document and replicate are easiest to outsource.
Systems and Procedures
Outsourcing and employing are the same in so much as you will get the best results with clearly documented systems and procedures.
It just becomes more important with distant outsourcing because they are not there in your office or shop to demonstrate and train what is required.
What should you do now?
- Start working on your Not To Do List.
- Want some help or ideas? Just contact us at Hotpink Websites now.
Remember – How to expand your business