Tuesday, April 9, 2013

Save Money By Outsourcing

As an entrepreneur it is a very normal and natural want to do everything yourself. I mean it’s your baby. You started it, you’re building it, you must know what is best. But if you do all the work yourself you are saving money? Are you getting the best effort and talent in targeted areas of your business? The question is, could someone be doing a better job for you?

If you’re like a lot of entrepreneurs or small business people when we first start out, you might be forced to do everything yourself because of “sweat equity”. Money is not there to do what needs to be done so, you do it. But there comes a time when you need to either delegate or outsource.

Once you get to this point in your businesses life you have to have a reality check and realize that to do everything yourself is not practical and there are some things you are really not qualified to do.

Lucky for you that almost anything you need can not only be outsourced but there are able, willing experts out there to do the work. So you have lots of choices of not just want to outsource but who to outsource to.

According to the U.S. Small Business Administration (SBA), the average small business owner spends up to 40% of his or her time on routine administrative tasks. Constantly working on non revenue-producing tasks that could be more productively and cost-effectively performed by a highly skilled, knowledgeable assistant is losing your business significant income.

Steps in determining what to outsource

Step 1: Decide what tasks are taking up your time or that you are not qualified to do, such as web promotion, social media marketing, bookkeeping, janitorial, etc.

Step 2: Find out how much time you are putting into each task.

Step 3: Determine what you would do with the time that you would save by outsourcing.

Step 4: Determine the tasks which should or cannot be outsourced or the things that you are most qualified to do. Not everything can be outsourced.

Step 5: Prioritize every task. When you outsource, don’t give too much responsibility the first time you unless you know them or they come very highly recommended from a trusted friend.

Step 6: Now assuming you certain tasks you are going to have someone do for you, write a task list of what you expect to have accomplished either on a daily or weekly basis.

When you get to that point in your businesses growth when you need to outsource and you will find your business able to grow even faster.

Call Me, Howard Larson, now, at 847-991-1294, for a free consultation.

If results are what you need and expect contact us today. We do what others only promise.
Larson & Associates / We Make Good Businesses Great & Great Businesses Even Better.

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