Contracting out internal business process to a third party, is not a new concept, but the popularity and traction of outsourcing has grown in recent years.
“Outsourcing has become increasingly important for small businesses over the last five years,” according to SmallBusiness.co.uk. “A recent survey reveals that more than 82 per cent of small and medium-sized enterprises view freelancing as important to the growth of their business, while a further 24 per cent use freelancers on a weekly basis.”
In fact, delegating tedious and time consuming tasks can free up more time to focus on what you do best. So, here are five outsourcing articles that every small business can benefit from:
1. Outsourcing: 5 Business Activities Entrepreneurs Can Outsource to Increase Productivity
Of course, it’s important to know your company’s strengths. But it’s even more important to know your company’s weaknesses as well. Identifying what areas your company may lack specific skill sets helps you decide who you need to hire and what business activities you may want to consider outsourcing. Sometimes, it may be best to allow an expert to manage some of your daily business details. Read more
2. 8 Pros and Cons of Outsourcing Your Workforce
Not everyone is a fan of outsourcing. But as the saying goes, “don’t knock it until you try it”—or at least know what it really means and could possibly do for your business. There is a market of outsourcing resources available to you that could help make your business run a little more smoothly. But as with anything, there are also drawbacks.
Here are 8 pros and cons you should consider before deciding to outsource your workforce. Read more
3. Outsourcing: Developing a Virtual Staff
While you may begin your entrepreneurial journey solo, it may be beneficial to hire a virtual assistant (VA) to help ease some of your workload. Virtual assistants can help you pay closer attention to detail, improve project management skills and develop organizational structure. If you believe that a VA could benefit your business, figure out what areas or tasks within your business that a VA could help you with. Read more
4. Four Ways Small Businesses Can Benefit From Hiring a Staffing Agency
You may think staffing agencies are only reserved for Fortune 500 companies, but small business can benefit from them as well. While staffing agencies may take away from your budget, their ability to identify and recruit the right talent for your business will offset the negative effects the wrong hire could bring. A staffing agency acts as an extension of your human resources department—or you, if you’re a small startup or micro business.
Here are four ways a staffing agency could lift some of the stress of small business hiring off of your shoulders. Read more
5. Paying Employees: How to Outsource Payroll Service
If you decide to outsource your payroll management, it is important to assess your business needs, locate the best providers and learn how to manage the process. It is critical to understand the level of involvement and customer service your payroll service provider is going to give you. It is also imperative that you consider your specific industry and take into account any specific needs that have to be factored into payroll. Read more
Connect with YFS Magazine on Twitter.
Did you enjoy this article? If so, subscribe to YFS Magazine and never miss an update. Don’t forget to make our friendship official and join Young, Fabulous, and Self-Employed entrepreneurs on Facebook.
© YFS Magazine. All Rights Reserved. Copying prohibited. All material is protected by U.S. and international copyright laws. Unauthorized reproduction or distribution of this material is prohibited. Sharing of this material under Attribution-NonCommercial-NoDerivatives 4.0 International terms, listed here, is permitted.