Knowing when to outsource can provide the best results for your business. Here are 5 signs that tell you it’s time to do it.
Every company’s dream is to succeed. The problem is the global market is more competitive now, you need a boost to help you stay in the race or else you’ll end up eating the competitor’s dust. The solution – outsourcing. More entrepreneurs and small to medium-sized companies are outsourcing their business tasks rather be a “lone ranger”. They’ve seen the good it does to businesses, allowing them to do tasks more efficiently and effectively, and more importantly, save on costs.
But how do you know that it’s time to outsource your business tasks? Is it because other companies are doing it? Is it because of a gut feeling or is it because of your pursuit of success? We’ve come up with a list of signs that will help you in your decision to outsource.
Here are 5 obvious signs it’s time to outsource your business tasks:
1. Your staff is wearing many hats
Startups and small companies typically have employees functioning in multiple roles to keep the ball rolling. But when employees are overworked, they can be unproductive. The output of their work can be unsatisfactory, laden with errors, miscues, and mishaps.
2. Your staff can’t handle certain tasks
There comes a time that a significant technical task must be done and no one from your staff can do it without special studying and preparation. By all means, you can hire a new employee who can fulfill the task but that will take a lot of time thus, delaying the task. Also, there’s no assurance that the new hire will be able to do a good job due to the lack of experience.
3. You’re always out of time
Each day you’re running out of hours because tasks keep piling up and you’re and missing out on doing something else that really needs to come first. You’re losing precious time to create presentations for meetings, return calls to prospective clients or study progress reports. What’s worse, you never seem to have extra time to spend with your family and friends.
4. Your budget is getting tighter
In-house employees will always be more expensive. From their salaries to all the other costs such as sick leaves, paid vacations, pensions, taxes, work insurance, etc., you’ll feel like your budget is on a tightrope, especially when you’re a startup or small company. Plus, having in-house employees require many other expenses like computers and other devices, different software, education, and office supplies.
5. Your business is getting bigger
Your business has grown to the point that you can’t handle it by yourself. You need more staff to answer inquiries, enter data or create content.
The important thing when considering outsourcing your business tasks is to weigh the pros and the cons. Don’t rush into making a decision. Do ample research and don’t hesitate to ask the difficult questions.
Did any of the signs mentioned above ring a bell? If your answer is yes, then you should try outsourcing. Contact us now and we’ll explain how outsourcing will benefit your business.