The benefits of outsourcing
Many entrepreneurs have become accustomed to multi-tasking and rattling through an ever-growing to-do list in order to get things done for their business. It might not make economic sense to take on new members of full-time or even part-time staff and so more companies than ever are leaning on outsourcing to fill the gaps in their business. It can not only provide an opportunity for you to innovate and grow but also rise above the competition.
Reduced overhead costs
Whilst it’s great to have employees, there are a lot of hidden costs and processes that come with taking this course of action. Not only do you have to worry about a salary or set hours, payroll taxes, training, and holidays, there’s also the expense of purchasing equipment or physical office space. When you outsource, you convert fixed labour costs into variable costs meaning you only pay for the hours you use. Working with contractors rather than employees can, therefore, minimise costs, allowing your business to get the same amount of work done for less – and with less hassle.
Access to a larger talent pool
If you’re hiring an employee, you usually only have access to a small, local talent pool. It can be difficult to find the right person for your business and you may find yourself compromising in order to get the job done. Outsourcing gives you access to talent, not only in other parts of the country but in other parts of the world. If you’re looking for specialised help, expanding your search is the way to go.
Focus on core business tasks
It’s more efficient to spend your time doing something that you’re good at. Running your own business means there are dozens of tasks, that may be out of your expertise, but that needs to be completed, and are irrelevant to the core focus of your company. Instead of getting bogged down in endless admin and slowly losing the passion for the reason, you left the 9-5 grind in the first place, outsourcing some or even all of these tasks means you can actually get back to running your business and enjoy what you do again.
Start new projects quickly
Handling a project in-house might involve taking weeks, or even months, to hire the right person/people. Then you have to train them and provide them with the support they need which can eat away at valuable hours in your day. However, if you take on a contractor, they will already have the skills and resources to start a project straight away.
Flexibility
Everything becomes flexible with outsourcing. Some months you might have a lot going on, and other months it may be quieter. Contractors are more likely to be flexible in terms of their hours and how many they work. And if you hire someone overseas, they can work whilst you sleep so you wake up to tasks completed.
Increased efficiency
Let’s be honest - we can’t do everything. If we tried to, something somewhere along the line would suffer. As much as you’d like to be in a million different places at once, you simply cannot. If you outsource, you will ensure the job is done correctly and with quick turnaround time. Delegating tasks and responsibilities means you will feel less overwhelmed and can dedicate valuable time and energy to the things most important to you.
No more burn-out
Maintaining enthusiasm and passion for your work is absolutely vital. Trying to stay on top of administrative processes, accounts, market trends, and all of the other things that keep your business ticking by can be extremely tiring. It can be difficult to remain excited about your vision and the days can roll into one. Outsourcing is an easy answer to this problem. Put the jobs that are necessary to keep your business growing in the hands of capable talent and gain back your work/life balance.
Wherever you may be, we’re here to help grow your business. Call us on 020 3021 0503, or email info@blueumbrella.co.uk
“Since hiring my blueumbrella VA a few months ago, it’s started to make a huge change to not only how I run my day, but also to how I run my business. I’ve been able to outsource my diary management with all its client bookings, my month-end preparation and invoicing, my client tracking, client follow-ups, and other business admin, enabling me to create space to focus on the business’ marketing and strategy. I’m so glad I decided to outsource this.”