As a cash-strapped startup, you’re looking for ways to save money while staying ahead of the competition. How you structure your company and which tasks you chose to do in-house will have an impact on how productive and profitable it’s going to be; deciding to outsource is no easy choice.
A bit of extra knowledge, however, and a long look at the activity you’re currently doing in-house can help you with making the right decision for your company.
Is it a routine activity?
Ask yourself if the task you’re considering to outsource is a routine one that requires valuable time and energy. Simple payrolling and book keeping tend to fall into this category as it is not vital to your business’ survival, and gives no distinct competitive edge.
When you’re growing from small to medium-sized, you’ll soon notice that some of these routine activities are expanding. At one point, you may feel like it’s getting too large and complicated for you to keep track of on your own – and, although these tasks are often seen as slightly dull, they’re far too important for you not to get it right.
Have a look at your budget and see if outsourcing these are worth the time you save. If times are tough, it could be an idea to make use of software rather than a third party – just make sure they’re not too time-consuming. There are a lot of brilliant tech tools for small businesses at forbes.com, so remember to have a look.
Does it give you a competitive advantage?
The tasks you perform that either gives your business a competitive advantage or that you can use to strengthen your relationship with your consumers, such as customer care, should be done in-house. It doesn’t make much of a difference to your market if you outsource your IT support, for example, unless you run an IT-company.
There are a lot of companies out there that can take care of both your routine tasks and the specialized ones; hand over some of your work to these and keep an eye on how much it costs you. Make your way to spectrumwise.com, or read more in this article to make sure you find the very best.
Does it require specialized skills?
Sometimes, it’s more expensive to train an employee to master a certain task than it is simply to outsource it to someone who already knows how. This is particularly relevant for small businesses, so listen up; finding people with specialized skills is easier than ever.
The downturn in hiring and the recession have also forced a lot of excellent people to offer their services as freelancers, so you’re able to take advantage of skilled work for less money. Updating your website design, creating sellable content that is representable for your business, running a social media campaign, the list goes on.
Bring in an outsider if you’re not feeling completely confident that an existing employee is able to take care of this and make it look professional; having an online presence is important these days, you know, and you’d want to look as good as possible.
If you’re proficient with this yourself or have people in-house who already know how to do this well, you should do it within the company – it saves you money, after all, which is what you need to grow big and strong.