As a small business owner, you wear a multitude of hats—yet that doesn’t mean you have to do everything alone. When delegating certain tasks, you free up your schedule and get back to the core tasks that help your operations grow. Starting, or managing, a business is time-consuming. As your business grows, so should your team!
If you’re like the majority of entrepreneurs who bootstrapped your business from the start you may still think you should be apart of every element of your businesses. Yet, handing off tasks to trusted professionals could free up time on your calendar, and even upscale your business operations.
With the constant growth of the internet, there’s an endless amount of freelancers and other trusted professionals right at your fingertips. Not to mention the rise in freelancers on platforms like Upwork, Fiverr, and Skyword available at inexpensive prices from all around the world.
Did you know that 37% of businesses that outsource hire in accounting or IT to avoid hiring in-house? Or how outsourcing could save your business up to 60% in operational costs?
The global market for outsourcing was valued at $85.6 billion in 2018 and is projected to continue it’s growth dramatically. If that didn’t help when deciding whether to outsource or not, we have eight more benefits to outsourcing your business:
1.Unlock Access to Skilled Expertise
No matter what operational task you may be seeking, there are countless experts right under your nose. When hiring outsourced companies or freelancers, you’re hiring experts that are able to get that task done faster, and most likely, better than you and your team can. When picking the right outsourced team, you could save up to 65% of your team’s time and salary investments.
2. Increase Project Turnaround Time
Not only could you and your team cut costs and have experts on hand whenever you have a question or concern, you can turn increase project turnaround times. When adding people to your team, and more hands contributing to a project, things get done faster and faster and will continue as each team gets more comfortable with each other.
3. Streamline Customer Service
If your clients are getting your services back faster and better, this will inevitably grow your client’s satisfaction. Not only will your clients want to work with you again, they will refer their friends, family, and business partners to work with you too.
4. Focuse on Your Core Activities
As outsourced teams are taking tasks off your plate you’re able to get back to the core activities that contribute to your companies growth. While this is great for growing your business, it’s also a nice perk when you may be lacking motivation from distracting and unexciting tasks filling your calendar.
5. Cut Costs in Unexpected Places
Outsourcing has the ability to cut down on your employee costs and the time you spend on training. When hiring agencies or freelancers to take over a specific area of your business operations, they’ve already mastered that trade. If anything, they will give your tasks back better than you and your team could have done without time spent on training.
6. Reduce Administrative Inconsistency
Delegating tasks across teams allows you and others on your team to go on vacation without putting tasks and projects on pause. You can take a vacation and relax without a thought or stress of work.
7. Offer More Flexible Working Hours
With the boom in workplace wellness, various companies are advocating for flexible office hours and unlimited paid time off. Say you outsource your customer services, you and your team are able to have more flexibility while still upgrading your customer service experience with 24/7 coverage.
8. Improve Your Competitive Advantage
Not only do all seven positives provide a customer advantage, you most likely will be able to upgrade your own services when you have more time to focus on the important parts of your business, out-beating your competitors.