3 Business Processes You Should Outsource as a Startup
Managing a startup business day to day is easy, right? Keeping up to date with changing legislation in each business industry is a breeze, specialising in every business function is something every business owner should be able to do… I think you’ll agree, these couldn’t be further from the truth.
Creating your dream company and working for yourself can be a fantastic opportunity, offering you independence, motivation, and a chance to excel in something you love. Along with all these benefits, there’s a harsh reality of you taking responsibility for your business and it’s related business functions.
These responsibilities can range from:
1) Payroll, ensuring you can pay yourself and your employees correctly and in a timely manner
2) Accounts, ensuring you are tracking your invoices correctly and making the correct filings
3) Marketing, ensuring you build, establish, and grow your brand’s voice and tone
When running a business, it’s important to remember that you can’t do everything and taking on the role of every business function can sometimes hinder rather than aid your business.
I mean it’s no surprise really, if you’re trying to be the director, payroll administrator, marketing coordinator and the bookkeeper, some aspects are going to fall behind.
Outsourcing Tasks for Better Efficiency
A study has shown that 35% of business owners said they have experienced lack of motivation several times a year due to the high level of stress, which goes along with running multiple aspects of a business. That’s when it’s time to look at your options, including outsourcing.
You can pretty much find an outsourcing solution for every service now. Outsourcing gives you access to experts in the field, leaving you time to do what you do best – building and growing your startup.
71% of companies in the UK planned to outsource to reduce cost
Not only that but it is an affordable way to gain expert service without having the responsibility or commitment of hiring someone in house to manage that function. This can allow business owners/SME’s to the opportunity to ensure they are maximising their bottom line and freeing up funds to re-invest in the business.
Let’s take a look at the 3 main services people choose to outsource and how these can transform your business:
The likelihood is, when you set up your business, you did it due to your passion and desire for that service or product. Unless the service you offer is payroll, the chances are you don’t want to be spending your days sorting out tax, NI, minimum wage or student loans! It can be a bit of a minefield and with legislation changing all the time, it’s a full-time job to keep up to date.
Choosing an outsourcing provider like Seamless, gives you one less stress to think about, as they will keep up to date with the latest payroll legislation for you. They will ensure your employees are kept happy by being paid on time and as your business grows and expands, your provider can accommodate your payroll needs accordingly.
63% of small-business owners underestimate the time it takes to process payroll and 65% of employers said they would rather outsource their payroll.
This is due to the process being frustrating, complicated, and confusing and allows SME business owners to relax, knowing the experts are taking care of your payroll, so you don’t have to.
With the rise of the digital age, pretty much anyone can claim they are a marketer. You can create social media channels for your business, create a basic website, post a few pictures and there you have it – marketing complete.
Well unfortunately not. What a lot of people don’t realise is there’s strategy behind marketing and that’s what makes the difference. Marketing is more than just social media.
Your marketing plan should include SEO, website development, email marketing, paid advertisements, content planning and more. It’s no surprise that people don’t have time to successfully implement their marketing strategy as it really is a full-time job.
When outsourcing this function, your time and energy is saved. If you’re working with a marketing professional like Seamless, they will help you understand, assess, and implement your marketing strategy for you. Ultimately, leaving you with more time to focus on other areas of your business.
Being a startup company, looking after your accounts may be completely new to you. Keeping on top of your invoices, balancing your payments, and keeping petty cash up to date can be a huge headache. Yet getting all these things right is the single most important part of keeping your small business financially stable.
When choosing to outsource your accounts, all your information can be sent to your accountancy provider, like Seamless, who will then balance and calculate all of this for you. This therefore enables you to focus on the growth of your SME, whilst your accounts get taken care of.
So if you haven’t guessed already, outsourcing can be a great way to distribute certain business functions you just haven’t got time to do day to day. It’s a great way to bring in expertise to your business without the cost of full-time employees.
You also get to retain control as your outsourcing provider will keep you in the know through the process. Your time and money is precious as an SME, and outsourcing can help you save both – leaving you to do what you do best and focus on why you started your business in the first place.
How Can I Outsource for My Business?
If you’re interested in outsourcing and want to find out more, you can speak to Seamless Outsourcing Solutions. They’re a Birmingham based outsourcing provider specialising in payroll, accounts and marketing. They can offer you advice and propose any services that may benefit your business.
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