Running a small business is always going to be a challenge. But now, more than ever, it really is proving difficult for independent start ups to keep afloat. The Covid-19 pandemic has seen countless businesses of all shapes and sizes collapsing. So, if you want to keep your company up and running, you’re really going to have to make sure that you optimise your business process and make things as cost effective and logical as possible. Right now, maintaining a full time workforce is risky. Employees require set working hours and an agreed salary or hourly rate, which you may, at times, find you are unable to afford due to a drop in consumer spending and an impending economic crisis. Right now, the best option for many small businesses is proving to be outsourcing. Outsourcing tends to be less commitment than having employees, but still allows you to get the work you need done completed. You can commission projects as and when you need them to be carried out, or as and when you are able to afford them. Here are a few areas that you might want to consider outsourcing for now!
What Is Outsourcing?
Now, before we get started, it’s important that you fully understand exactly what outsourcing is. It’s likely to be something you engage with a lot in the near future, so it’s good to have a good grip of the basic concepts of outsource before diving in the deep end. In simple terms, outsourcing is an extremely common business practice that entails distributing some of your business processes or tasks to an independent third party. This third party will most likely be a self-employed individual (often referred to as a freelancer) or an agency that either has a number of freelancers on their books (essentially serving as a middle person between you and freelancers) or their own employees who can complete the work for you.
The Benefits of Outsourcing
- Outsourcing lifts a workload from your own shoulders
- You can have work carried out as and when you need it
- You’re not tied into contracts that commit you to paying contracted hours
- You don’t have to provide training
- You don’t have to cover the costs of annual leave, sick leave, parental leave or other employee benefits
Commonly Outsourced Tasks
There are various tasks that are commonly outsourced. Some include:
Few businesses manufacture their products themselves. Instead, they weill outsource to a business that already has all of the equipment, machinery and necessary training to manufacture the items to be sold.
Few businesses will have their own in-house IT department either – especially small businesses. Managed IT support from companies like www.microdoctor.com will do the job on your behalf instead. This provides round the clock IT support with little commitment!
Web Design and Web Development
Web design tends to be an occasional task rather than an ongoing commitment. Many businesses will hand this task over to freelancers for a one-off fee.
These are just the basics of outsourcing, of course. But hopefully, all of the above information will benefit your business in the long run!