Outsourcing as a Small Business
If you’re running a small business, you’ll be used to carrying out many tasks yourself. It can be difficult to give up this hands-on approach, but outsourcing tasks to external professionals can help create a more efficient business. It’s important to use reliable agencies while outsourcing – a trustworthy partner can ensure that you avoid having to make a professional negligence claim later on down the line. Below, we explore the different areas you might consider outsourcing in your small business.
Outsourcing your IT can help boost the security of the business. By using outside vendors or cloud solutions for your business’s IT, you can ensure that all your confidential information is looked after by experienced professionals. Unsurprisingly, in 2018, 34 per cent of UK businesses outsourced their IT support.
Accounting and finance
As your business grows it can become more and more difficult to manage your accounting. Put simply, there’ll be a lot more data and transactions to cover. Making accounting mistakes can cost your business time and money. As such, outsourcing your accounting and finance departments can put you in capable hands, allowing you to run the rest of the business efficiently.
If you’re a growing retailer then you might want to consider outsourcing your logistics department. The heart of any retail business is in delivering products safely to customers on time. If your business grows overwhelmingly big, then you can begin to upset customers. However, by outsourcing your logistics you can ensure fulfilment, warehousing and delivery activities are handled by a third party. This can keep your business running smoothly, while also saving yourself the cost of setting up a logistics department yourself.
Initially, it’s easy to handle HR as a small business. As the owner or director, you’ll hire talent directly and handle any concerns. But as the business grows this can become more difficult. Aside from hiring in numbers, you’ll also have to manage insurance, benefits and compliance in the workplace. Rather than setting up an HR department from scratch, it can be simpler to outsource your HR to proven, experienced professionals.
Outsourcing can offer a small business plenty of opportunities. From giving your more time to focus on the core of your business, to offering you specialist help with account, logistics and HR, outsourcing can make your business more efficient.