Editor’s Note: Here at Dispatches, we are always looking for ways to help our readers do things. For some of our readers, that means helping navigate the working world, for others, it means assisting in the ever challenging question,“what’s for dinner?” For still others, it means figuring out how to balance family life with everything else. In an effort to aid in all of these endeavors, we have collaborated on this article written specifically for our readers.
You’re likely a business owner because you had a great idea or provide outstanding services to your clients. One of the most important aspects of any business is to know what you are good at and what you aren’t. There is nothing wrong with hiring help. I’m a huge advocate for making sure you have a financial expert to help you with finances and a legal expert to help you with legal issues. You might be surprised to learn that outsourcing can also save you money in addition to time.
Outsourcing saves you overhead costs
You save money because you don’t have to hire permanent employees for every role. While employees are helpful, they can be a burden on your finances. You have to pay them a monthly wage, plus, there are benefit costs to factor in too. Things like healthcare and insurance will all cost a lot of money. By outsourcing, you can cut some of these benefit costs. Plus, with contractors, you only pay them for the work they do. So, they aren’t on your wage bill at all times.
Here are some areas you might want to consider outsourcing:
- Marketing Services: Marketing is one of the most outsourced services in the business the world. The reason for this is simple; it can cost a lot to hire a team of marketers for your company. So, it makes more sense to save money and outsource to an agency instead. Plus, it can be more beneficial for your business if you outsource these services. You see, hiring a marketing team can be tricky. You end up with a group of individuals that have never worked together before. When you use an agency, you have an established team that know how to get the job done.
- Various IT Services: The IT side of a business can be massive! There are plenty of ways you can shift some of the IT work out of your business, and save money. For example, you can find an IT support company to help you manage your range of services. You can save a fortune by doing this, as you’ll probably need support quite often. It’s a lot better than having a team of support staff on your books that take up loads of space on your wage bill.
- Financial Services: Again, the financial side of your business can be huge. You need someone to sort out your budget, and deal with all the tax, etc. It can be costly to hire an accountant or financial manager to carry out these jobs. Typically, the salary for this role is very high. So, you’ll be much better off outsourcing to a financial services company. This way, you pay them when you need work done, and don’t have a huge salary to worry about.