Tips for Building a Healthier Business with Outsourcing

Tips for Building a Healthier Business with Outsourcing

Picture of Daven Michaels

Daven Michaels

New York Times Bestselling Author, 30-year business veteran, and Executive Chairman of CurrentC Group.

Quite a good number of entrepreneurs have great talents but they believe that they can do everything many times. That can actually halt the development of the business. The business owner has adequate time to concentrate on making income by outsourcing the daily back-office tasks.

Although entrepreneurs have long believed that outsourcing is a tactic set aside for big business, but technology has actually made it a more available tool for small businesses. On the other hand, outsourcing has contributed greatly to the growth and development of a number of small firms.

As a matter of fact, a lot of small businesses are outsourcing tasks today due to the fact that technology has grown to the level of experts being able to work from any particular place in the world, together with the accessibility and availability of exceedingly qualified professionals who have determined or been mandated to leave the corporate world.

Progressive entrepreneurs understand the inexorable power of outsourcing to handle certain important areas of their business, but just look senseless for them to tackle personally.

What to Outsource

You must have been outsourcing number of business tasks already, like payroll administration or criminal or background checks for employment. And nowadays, just about any task can be outsourced, with a lot of experienced experts parting the company world to work as contractors or freelancers. Nevertheless, just for the reason that you can outsource a task does not imply that you should.

Take a critical look at your business and establish your values and strengths, prior to selecting the task you can outsource. Small businesses need to discover their core abilities and competencies and center their attention on their own talent management, R&D, and resources.

The types of tasks that are best outsourced are in three general categories, including the following:

1. Specialized Knowledge

A good example is the IT support for your network or accounting system. It is very east to change to an outsourced provider that has the appropriate skill set as your IT change, if you cannot afford or require full-time IT personnel.

2. Extremely Experienced or Managerial Expertise

For instance, you may not have to pay a CFO’s salary, but you have somebody with CFO-level to come in a few times every month to offer financial analysis and guarantee that the bookkeeper is keeping the books well.

3. Highly Monotonous Tasks

Shipping inventory, data entry, and accounts payable could be in this category. Outsourcing will help you focus your resources, attention, an time on the core competencies of your company and devote more of your time to set new goals and find ways to accomplish these goals.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

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