A key to growing a successful business is correctly delegating tasks as they’re needed. A business can’t grow with you as the only worker, hence why it’s important to eventually hire employees. Unfortunately, hiring people can be fairly expensive, even if your business is going through a rather successful period. As such, it’s a good idea to bridge the gap between working solo and hiring employees.
The answer to this is outsourcing. Outsourcing is a great way to delegate tasks in your business that are either mundane or outside of your expertise. It’s the perfect way to facilitate business growth, but when do you know if your business is in a situation that can benefit from outsourcing?
You want to start a new service or product, but can’t do so without stopping old ones
One of the biggest signs that you’re starting to grow as a business is when you’re unable to offer new services and products without discontinuing old ones. Unless the product or service is an upgrade to something, there’s a chance that you might struggle to bring something new to market because it’s just too much work to manage multiple different products or services.
In this situation, it may be a lot easier to just outsource specific tasks. Outsourcing is a good solution when you need to free up time to grow your business, and a huge part of this is delegating tasks that you have already built established processes for. If you know exactly how a product is created or a service is handled, then you can give these tasks to employees (in this case, outsourced assistance) and then you can focus on growing your business with something new.
You feel completely lost with certain tasks
As the sole worker in a business, it’s often on your shoulders to carry out all the responsibilities of a business. For example, any tax-related accounting tasks need to be handled by you, and you also need to deal with things like customer support. These are tasks that can be difficult to manage unless you have experience with them, hence why it’s important to outsource these tasks to free up your own time.
Another common area where you might struggle is with IT or technology solutions. For example, if you need to use some kind of technology to make running your business more efficient, then it might help to consider outsourcing IT support solutions to help you run your business. Technology is incredibly important when it comes to running a company these days because it can simplify a lot of mundane or complicated tasks. If you’re not well-versed with different types of technology or software, then it can help to hire an outside specialist.
There’s really no perfect time for when you should start outsourcing and it depends on how much your business is growing. If you’re looking to spend more of your time growing your business and creating new products instead of managerial tasks, then outsourcing is the perfect solution no matter how long your business has been around.