The 5 Signs It Is Time for You to Outsource
Outsourcing any part of your business, big or small, is a huge step for most business owners. You are making the decision to hand over a part of your business, that you’ve built from scratch, to somebody else after all! But how can you tell when it is the right time to say ‘enough is enough’, take the plunge and outsource?
It’s Time When…
You are spending far too much time on one particular activity that is secondary to your business’ overall strategic success. Time that could be spent working on the overall strategy and next steps for your business’ growth and future plans. Some tasks can take up enormous amounts of time, think: Payroll, IT and general admin.
If your business is growing fast it could be time to outsource functions that are going to be challenging to scale with the rest of the business. Especially if they aren’t core functions that contribute to your business’ unique competitive advantages.
You’re spending too much time hiring staff members for non-business-critical tasks. This is especially true when those non-business-critical tasks can be easily outsourced to experts that can scale with your business (up or down) at any time. Hiring the right people takes time, effort and job specific knowledge – it isn’t easy.
You spend your time putting out fires in non-business-critical areas. Some tasks, think: payroll and HR, need a high degree of accuracy and attention to detail. If you get these, high importance yet low reward, tasks wrong you can find yourself in a great deal of hot water.
You’ve thought to yourself ‘If I didn’t have to do this, I’d be able to do…’ When you are already wrestling with the thought of outsourcing an activity, knowing deep down that someone else can handle it better and without hassle, it might be time to outsource!
If you want to know more
If you do want to find out more about outsourcing and how it works in the real world, we’ve created a guide that should, hopefully, answer plenty of your questions. You can download the guide here and if you still want to know more – get in touch with us here.