The Benefits of Outsourcing For Your Small Business

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When taking your business from the startup phase to the next stages of growth, it’s important to figure out which tasks you can still handle yourself, and what tasks make sense to outsource. The following contributed is thus entitled, The Benefits of Outsourcing For Your Small Business.

* * *

When you are starting up in business there will be many things that you will be looking at and need to take control with, as well as looking to keeps costs as low as possible. Of course, there will be some things that you do need to spend on regardless of cost, but there will be plenty of other things that you can be more frugal about. And saving in those early stages is such a good idea, simply because it help with cash flow, mean less interest or debt for your business, as well as give you some peace of mind.

One of the things that can cost a lot of money for your business, are employees. You as the owner may or may not have chosen to take a wage from the business. But there may be others working for you that will need just that. Plus, when you become an employer, there can be other things that you need to factor into your costing, such as insurance or pension contributions, depending on what the guidelines are where your business is. So how can you eliminate some of those costs? Of course, you need a team to help your business to grow, as you’ll be unlikely to be able to do it all yourself.

image

Outsourcing is something that is pretty big business at the moment, just because of the cost saving benefits. But it is also pretty big business because of the technology that we now have that makes this kind of remote working much easier. And as a result, it means that you are able to hire experts in their field to get the work done, regardless of where they are located. So outsourcing is something that can really help the cost of starting out.

An example, would be outsourcing something like your IT services. If you had to have a person or team dedicated to that, even though it may not be something that is relevant all of the time, then you will be paying them for when they don’t really have much work to do. But if you visit SimplyClouds, for example, it shows that you are just hiring the outsourcing IT team for the jobs that you need to have done (like setting up the cloud or using backup IT services). So in those early days when things are tight, outsourcing really is a great way to go. It can take a little time to find the right people and set it all up, but once you have done so, it can mean there are there to call on when you need them.

As the business owner it is your job to make sure that you are doing the things that can help your business to grow. And outsourcing is a great way to do just that, as it means you don’t have to be doing the smaller day to day to jobs. They still need to be done, and it is important that they get done. But as the business owner, the core focus of the business is what you should be spending your time doing.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.

Leave a Reply

Your email address will not be published. Required fields are marked *