For most small business owners, outsourcing can be a “scary” word. But it does not have to be that way. Through strategic outsourcing, you can leverage the broader expertise that only outsourcing provides and give your business a head start.
Outsourcing may seem to be daunting task that adds more moving pieces to your small business. But if done in the right manner, it can not only give you access to expertise, but can also free you from tedious work and enable you to focus more on effectively running your small business. Here are 5 steps that you can follow to make the most of outsourcing.
1. Identify business needs
Take a good look at all your business tasks and find out the tasks that are taking longer, because you are doing the work on your own or with a small team. Business areas like accounting, IT support, recruiting, shipping or photocopying are some of the tasks that eat away the time from small businesses. The first step to successful outsourcing is to identify the parts of your business which could benefit from knowledge and speed.
2. Start by outsourcing small projects
Developing an outsourcing relationship with a service provider begins with getting an idea about how they work. For this, it is better to start by outsourcing a modest business task, rather than outsourcing a large and complicated project. For example, if you require recruiting services, first ask the vendor to help you find a new administration executive, before you ask them to for a new project manager.
3. Do the paperwork
It is important to develop a non-disclosure contract in place, when you outsource a project. This is critical, because you will be sharing business information with the vendor. Make sure that you create the paperwork yourself. This way, you can ensure that you are protected. Continue reading