What are the tell-tale signs that your business could benefit by working with a contractor? There are no doubt occasions when you wish time would stand still so you could get ahead of your deadlines or catch up on essential admin work. With time so precious, it’s important you use it as effectively as you can to stay ahead of your workload and continue to deliver the best possible service to your customers. But what happens when you have more work than there are hours in the day?
When done properly, outsourcing allows you to assign the tasks you’re not so good at to a specialist, so you and your team can focus on the activities that really make your business tick.
But what are the tell-tale signs that your business could benefit from working with a contractor? Let’s take a look at 8 of them:
There are times when all business owners have to wear multiple hats, but if you’re spending more time on support functions like HR, finance and IT rather than the core business activities that you’re great at, it’s definitely time to start looking for some help. It’s common for business owners to keep tasks in-house in the early days, but there will come a time when it’s actually hurting your business not to outsource.
Most business owners would admit that there’s very rarely a time when the amount of work they have perfectly matches their capacity. You either have too little or too much work, and in both cases, you worry. In reality, having too much work is a wonderful problem to have, but when you’re working all hours, it rarely feels like it. If this becomes a repeat problem then hiring a contractor or freelancer provides additional flexibility so you can increase capacity as and when it’s required.
It’s not uncommon for business owners to have certain tasks they dread. Marketing the business, recruiting new team members or getting to grips with the new IT system can all be purgatory. But if there’s a task you loathe that much, rather than procrastinating and wasting your energy moaning about it, try outsourcing it. A specialist will almost certainly do a better job.
Outsourcing is almost always cheaper than hiring a permanent member of staff. As well as their salary, there are also numerous recruitment costs to consider which make the true cost of taking on an employee much greater than hiring a contractor/freelancer. While you might view outsourcing as an extra cost you could do without, delegating certain functions could help to cut operational expenses and increase your profit.
Let’s say you’re looking for a top programmer for your company but have been searching for a few months and can’t find a candidate that’s up to scratch. What should you do? Giving up will mean you cannot add to your service offering and expand your business. Instead, look for a freelancer who could work remotely. This will widen the talent pool massively and potentially mean you pay less for the in-demand skills you need.
Just as there are certain jobs you hate to do, the same will be true of your employees. As your business grows, it’s likely that your employees will have to take on new tasks. However, if these new tasks are excessively draining or are outside of their skill set, they could have a damaging impact on staff morale. Rather than upsetting key members of your team, it might be a better solution for everyone just to outsource it.
Over time, customers and clients learn they can trust your business to deliver. Inevitably, that leads to increased demand for your products and services, both from existing clients and new customers who have received recommendations. However, if you start to struggle to maintain the high standards you’ve set, all that hard work could be for nothing. Outsourcing certain functions could help to keep your customers coming back for more.
Turning down work never sits well with a business owner, but sometimes, you just can’t meet the client’s demands. While keeping a small team might give you more creative control over the business, this kind of setup will impact on growth. These opportunities, no matter how small, are essential to growing your business and reaching your goals. You never know what an opportunity could become, so it’s well worth taking a chance by outsourcing the work if possible.
IT outsourcing is on the rise, with more and more businesses choosing to work with skilled third-parties. At LynxPro, we have an established network of leading IT contractors so you can find the right skills, right away. Register for free and we’ll find the freelancers you need today.