8 Business Tasks You Could Outsource For Business Growth
If there's one thing to learn in the business world, it's that saving money isn't making money!
11:35 15 August 2019
You can save costs hiring other people to do jobs for you while you focus on bringing in more income. YES, outsourcing isn’t as costly as it looks and can actually save you a lot in the long run.
While you’re thinking of the costs, focus more on the opportunity value you can receive. No need to invest too much time in tasks that are better left for others to do. But of course, you shouldn’t leave EVERY task to outsourcing.
So read on as I show you what you can outsource to focus more on other important business aspects you can prosper in.
Business Tasks You Could Outsource For Business Growth
There are many business tasks better left off for outsourcing companies to do. To lessen your workload and put more concentration on what’s important, consider leaving these tasks to other professionals:
- Accounting and Bookkeeping
Think of bookkeeping as exercise- You don’t want to do it but when neglected, it causes serious issues. While you can hire dedicated people to do accounting and bookkeeping tasks, you can actually outsource it, which is a practical choice.
This has you save more time and is actually cheaper compared to hiring full-time accountants. You still get the accuracy and experience of outsourced employees!
- Tax Preparation and Filing
Preparing your tax returns is very time-consuming. Not only that, but you’ll need special skills to do it all without breaking the bank and seeing that you could have saved a bit of your income.
Instead of doing it yourself, you can outsource tax consultants to do the job for you. Outsourcing Service Tax, VAT, and TDS return preparation are safe and with more accurate results.
- Payroll Processing
For those who have smaller teams, you won’t have issues managing the payroll in-house. But if you have over ten employees, processing payroll does take up a lot of time and effort. You’ll need to track all leaves, the join, and exit formalities, as well as loan advances, bonuses, and tax deductions!
If you choose the right person, then outsourcing payroll processing can be more affordable and a simpler way to pay your employees while filing tax returns in a timely manner.
- Creative Work
While a lot of people think doing their own creative work is fun, only a few can do so successfully. Unless you’re familiar with graphic design and the like, it’s best to leave this to professionals.
Outsourcing artwork creation such as designing website images, business cards, banners, letterheads, logos, and more. It’s easy to do so with many artists offering their services online now, whether it’s from freelancing websites or even on social media.
- Social Media Marketing
Social networks aren’t just about personal communication; it’s about a lead generation now. However, it’s not easy marketing on these social media networks, and it will take a lot of time strategizing.
You can outsource this task to social media management agencies, who have dedicated professionals to help monitor and grow a following. This really helps in putting your brand out there efficiently and gets you the leads your business needs!
Many businesses post job offerings on their website or inform people around them about the vacant position. If you have a good and vast network, you can get applicants easily. However, what follows can be quite stressful: Shortlisting, salary negotiations, verifying backgrounds, and interviews.
This can take a lot of time AND can end up being a waste if you don’t do it correctly! Rather than do the hiring process all by yourself, you can outsource it and hire an agency who can arrange candidates that have the desired skills required for the job.
- Event Management
Are you going to host workshops, team outings, or parties for your employees and/or vendors? It WILL be tiring and eat up a lot of your time planning it all and finding the proper venue, food, and even planning out the program!
Event management companies have professionals to help you plan and execute your event to make it a successful one. They have the connections to all your event needs and you won’t have to do anything but let them know what you want from the get-together.
- Tasks You Don’t Like
While it’s fulfilling to have a business, there are some aspects that we aren’t really good at nor do we enjoy. For example, you LOVE to write but don’t want to work on the SEO side of it. Or, you’re not particularly skilled in IT industry but love marketing.
Identify the skills you’re confident in and love to do, then hire other trusted professionals to do what you aren’t able to.
Wrapping It Up
Many of us business owners do everything to save a bit of money, even doing everything on our own for it. However, some business tasks such as social media management or hiring can be left for others to do. That way, you can look at the bigger picture, doing more in the long run.
I hope this article on the different business tasks you can outsource helped you. So if you’re looking for different outsource companies to work within the Gold Coast, start doing your research!
If you have any questions or want to share your own experiences with outsourcing, then comment below. Your thoughts are much appreciated.