7 Things your Business needs to Outsource

Posted by on September 24, 2008 in Business Management, Business Start Up Advice [ 4 Comments ]

In this troubled economy every dollar is precious.  Your business needs to control costs wherever possible.  Outsourcing certain aspects of your business to third parties, can be a powerful cost cutting move that also frees you up for more important tasks such as finding new clients and product development.

The following are seven things your business can outsource TODAY that will start saving you money and help your business operate more smoothly.

1. Accounting and bookkeeping.  Managing your business’ books is a time consuming affair.  Worse yet, every day is another opportunity to make a mistake that can cost you and your business a fortune.  Outsourcing your day-to-day financials, including managing the checking account, paying vendors and other tasks, to a certified public account can be the best decision you ever make.

2. Taxes. Like accounting, doing your own business taxes presents a two-tiered problem:  it is going to take you a lot of valuable time to get it done, and when you do, it probably won’t get done correctly.  Hire an accountant to handle all your quarterly and annual business taxes.

3. Assistants. Virtual assistants have become all the rage in the business world because they really exceed expectations.  Even the most skeptical people are sold on outsourcing their assistant position after seeing all the little jobs they can do in a day!

4. Website management.  To be successful online, it is absolutely crucial to maintain a vital presence on the web.  However, that means updating your site regularly and always staying on the lookout for technical issues – two things few of us have enough time for in our busy day.  Outsourcing web management can help increase traffic and conversions online for your business.

5. Marketing.  Why try to develop a crucial marketing campaign on your own, when you can hire a team of marketing experts who will do the job faster, more creatively and for less money?  Offline or online, marketing companies take the time to get to know your brand intimately, as well as your target demographic and the most effective ways to reach them.

6. Customer support. Having a live person to deal with customer questions and concerns is an important part of building your business’ credibility.  Customer support phone banks are currently being outsourced to almost anywhere in the country or the world – where call professionals can be trained to represent your business with authority.

7. Data entry. Back when outsourcing was called “temp work”, data entry was one of the most common business practices handled by a third party.  For any task where a significant amount of computer time must be logged, outsourcing is a cost-effective solution.  Data entry outsourcing is especially effective on projects that only come around once or twice a year – and therefore do not require an employee on staff for the entire year.

Finding a good vendor is like adding a reliable team member to your growing company.  When choosing where to outsource these elements of your business, remember to look for established businesses with outstanding references and competitive pricing. The possibilities for your business are endless, so maximize your resources and time and watch your company grow!

4 thoughts on “7 Things your Business needs to Outsource

  1. avatarMB - Joplin Mo

    I only agreed that #2 might be outsourced. But #1? Not pay your own vendors or payroll? It’s the easiest thing in the world to do and takes almost no time.

    I am wondering what the heck a company that outsources all these items actually does. Some people just shouldn’t be in business.

  2. avatarSteve C

    I think it just depends on what mode your company is in. When you are small, I think you should only outsource enough so that you can concentrate on expanding. Of course, money is an issue as well in addition to the overhead involved in managing your outsourcees.

  3. avatarMarvyl

    After walking into three different companies over the past few years and seeing what their on-payroll accounting staff did to their books, I would have to wholeheartedly agree with the outsourcing idea. I’m sure anteaters could have done a better job; In one case, I had to recreate three years in order to bring them back up to speed. (Unfortunately, I am one of those on-payroll accounting staff members but I possess common sense, a sense of responsibility, experience and if I don’t know something, I ask!!)

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