Did you know that administration can take up to 40% of your time as a business owner?
You know you need help, but you are unsure how to outsource and what you can outsource. However, the biggest challenge is letting go of the control and finding someone you can trust with your business.
The biggest piece of advice is to always start with a small task. That way, you can see if the person you have given that little bit of control to is someone you like, someone you can build a good working relationship with and someone who can deliver what you have asked of them in a professional and timely manner.
BENEFITS OF OUTSOURCING
Lower Costs & Avoiding Recruitment
The main benefit of outsourcing for your small business is the low costs. Outsourcing allows business owners to get certain tasks completed without having to invest money in long term employment. Many organizations worry enlisting third-party support will just add another cost to the balance sheet. If you look more closely, you might find that outsourcing can be a cost-saving strategy.
For example, when hiring a full-time team member to take over administrative tasks, you must consider more than just the employee’s salary. There are also costs associated with recruitment, training, holiday pay, national insurance contributions, sick pay, pension, and many other benefits offered to employees.
What’s more, even when times are slow, you’ll still have to pay that employee.
Improved efficiency and productivity
When you hire employees, you are likely going to give them scheduled hours in the office. On an average 8 hour working day, research suggest that less than 3 hours are productive.
With the individual you outsource to, they only get paid for the work they do. So, better productivity and no time wasted dealing with employees who are inefficient.
Ease of pressure
If you are a sole business owner, then outsourcing can help you focus on the bigger picture of your business instead of you carrying out menial time-consuming tasks.
Ask yourself the following questions:
- Are there administrative tasks you are not doing that you should be doing?
- Are you stressed every day by the amount of admin work you must accomplish?
- Do you work long hours?
- Are you losing out on the chance to onboard new customers because you can’t respond on time?
- Do you spend countless hours doing repetitive tasks?
When it comes to administrative task management, outsourcing is among the best and most practical ways to save money and reinforce the overall productivity of your business.