Tasks like payroll could be handled by a startup’s owner, but wouldn’t it be easier to delegate the job to someone with extensive knowledge of tax laws? Hiring a full-time payroll person isn’t usually an option for budding startups, but outsourcing this task to a payroll company is affordable and effective. There are many practical benefits to taking this approach, not the least of which is saving a lot of time. The cliché is true that time is money, and someone who isn’t a payroll specialist may spend several hours on this task that could be better allocated elsewhere.
The Perks of Freelancers
Working with freelancers is another way to receive huge benefits from outsourcing. According to CNN, 78 percent of small business owners have found that hiring freelancers gives them a competitive advantage. This makes perfect sense when you consider the skill experts can bring to your company without having to put them on your payroll. Utilizing expertise for a fair price is one of the main reasons that freelancers who specialize in tasks such as online content writing and website design are continuously in high demand.
Outsourcing Locally
It is important to note that outsourcing doesn’t necessarily mean finding someone from a different country to do a job at a steeply discounted rate. Instead, you can use local resources to ensure timely, high quality results. The main goal is to get the best quality possible without taking on unnecessary expenses, especially in your payroll department. Even if you contract with someone to fulfill a task that is done once per week, this will still be financially beneficial if the cost is less than adding someone to your staff who has the appropriate level of experience and skill.
What’s Best for Your Customers?
Another thing that startup owners need to carefully consider is how they want to spend their precious time. Consider for a moment the specific needs of an ecommerce company. They must have products made and in stock, maintain an easy-to-use website, offer customer service assistance, create marketing content and ship each order. If you only have a couple of employees, is it better for them to specialize in customer service or the packing and shipping end of the business? A representative from Materialogic addressed this specific question by pointing out the perks of outsourcing your order fulfillment: Outsourcing can mean anything from having an office supply store print flyers for you all the way to hiring another company to provide your customers with assistance via email and telephone. To get the most out of this viable option, it is necessary to first analyze what your overall company goals are and what you can handle in-house. Ultimately, if outsourcing something allows you to improve your customer satisfaction while saving money, it is always the wise choice for bootstrapped startups and small businesses. Image by Marcin Monko/Flickr
