You can’t do it alone. This is the first thing to understand about starting a business, running a business, and making it viable. You can try to do everything yourself, but for the very best results and to ensure that you are successful, you will eventually need some kind of help. Sometimes you’ll even need that help right from the start; it just depends on how much you already know and what needs to be done.
Once you acknowledge that help is the best thing you can ask for when it comes to your business, you’ll open up a whole new world of support that will take your business to the next level and give you the success you’ve been looking for. Read on to find out exactly why your business needs this outside support so that you can start looking for it right away.
You Can Focus on the Core Business Process
When you are running a business by yourself, you’ll have to work on every aspect of it, from accounting to marketing. This means that you can become distracted from the core business itself and become so tangled up in the admin and other important issues that you aren’t able to complete the work you need to do, thus alienating customers and even getting a bad reputation.
You can focus on what you’re good at and let others work on what they are good at. If you need to make pots or paint portraits or carry out plumbing work or teach someone to swim, that’s your core business. So hiring an expert for support with your IT or marketing or branding means you don’t have to worry about that, and you can concentrate on other things. It’s efficient, makes for a better business, and helps you get ahead of your competition.
Reduced Costs
Once you know that you can’t run a business productively and successfully all by yourself, you might start to consider hiring an employee, or a group of employees, to take on some of the work that you don’t want to do yourself. While this is a good idea – as we’ve seen this will free you up to do other things and is a much more efficient way to spend your time – it is also a costly one. Paying employees is expensive, and they will need to bring in at least what you are paying them to make the exercise worthwhile. Can you afford this large expense?
If not, you can look at outside support instead. Although you will still have to pay for expert consultants to help you, you won’t have to pay anywhere near as much as you would have if you had hired someone. The cost savings will be huge, and there are no tax implications or additional employee benefits to think of.
Managed Risk
When you outsource some of your business processes, you are effectively managing the risk that would come with hiring someone. Every time an employee leaves, the time, effort, and money you put into their training and their job goes with them, leaving you out of pocket, especially when you have to hire someone new.
When you outsource instead, you can build a good level of consistency within the business because the work will always be done by the same person (or at least the same company), plus the risk is much smaller. If you decide to part ways with the company you’ve chosen to outsource to, you won’t lose anything, unlike when an employee leaves.
