Skip to main content

3 Business Activities You Could Get Away with Outsourcing

Entrepreneurs often work 50+ hour weeks getting bogged down with mundane tasks and day-to-day decisions.


Some of this stems from a force of habit. Most entrepreneurs do everything in the early days and never quite learn to delegate. The rest of it stems from keeping some activities in-house that you should outsource.


If you find the idea of outsourcing troubling, remember that one of its biggest benefits is letting you focus on core business functions.


So let’s jump in and look at three business activities you can get away with outsourcing.


Bookkeeping


It turns out that around half of business owners despise bookkeeping. Some possible reasons for that hatred include:


  • steep learning curve

  • mistakes can cost you big

  • it eats your time

Not everyone hates it, of course, but it’s not a core business activity for most business owners. Just as importantly, there are people who specialize in bookkeeping and accounting.


Outsourcing your bookkeeping makes sense on several levels.


You get a hated task off your plate. That frees up time and mental energy you can put into making deals and building your business.


Putting it into the hands of a pro also reduces the chances of mistakes. That benefits you every time taxes come due.


Billing


Billing is one of those areas that often gets overlooked when things get busy or you suffer from high staff turnover. That has serious consequences for cash flow.


Say that you run a one-doctor medical practice. You average 14 patients per day, five days a week. That’s 280 invoices a month before you even get into insurance claims.


Now, let’s say you hire another doctor to help out three days a week. They see an average of 12 patients a day. That adds another 144 invoices a month.


If you average $50 of revenue from each patient visit, a one-week lapse in billing puts a $5300 hole in your finances.


Outsourcing your billing frees you from a tedious administrative task and helps ensure steady cash flow.


Marketing


You can add marketing to the list of business activities that many entrepreneurs despise.


It’s partly psychological, in that many people feel like marketing is bragging. Some of the dislike stems from the fact that marketing is an ongoing process. You can’t put it away.


Marketing also involves a degree of technical savvy that not everyone possesses.


Outsourcing your marketing isn’t an all or nothing choice. For example, you might outsource your online marketing to a company that specializes in SEO and SEM. If you don’t want to deal with marketing at all, you can look into full-service marketing agencies.


Parting Thoughts on Business Activities You Should Outsource


Core business activities should stay in-house, but you can outsource some tedious or specialized tasks.


Bookkeeping and billing fall into the tedious category with a dash of specialization. They play an important role in every business, but they usually fall outside of core business functions.


Marketing falls into the category of specialized tasks. Marketers understand the strategies, psychology, and technology that draw in customers.


It’s practical and sensible to outsource these tasks to people who do them professionally.


ArticleCity.com offers businesses a content marketing platform. To learn more about what we can do for your business, contact us today.


The post 3 Business Activities You Could Get Away with Outsourcing appeared first on ArticleCity.com.

Labels:

Comments

Post a Comment

Popular posts from this blog

Why Quiting Smoking Is Not an Easy Task

Quitting smoking is not an easy task. After you stop smoking, there quite a few physical and neurological symptoms your body goes through. Depression is also among the most common negative effects of quitting smoking. Catchy slogans make people mindful of the need to stop smoking because of its life-threatening consequences on health. There are a number of memories and habits connected with smoking, for instance, some folks start their day using a cup of coffee and a cigarette. Now that we've seen the psychological unwanted side effects of stopping smoking, let's also take a look at physical ones. Stopping smoking is the start of the program that may help cleanse the body after many years of toxin development. Smoking causes buildup of toxins within the body particularly in the lungs. Once somebody quits smoking, the body attempts to eradicate the damaging chemicals which might have accumulated overtime. Your lungs begin to clear out mucus and other smoking debris, whilst ...
Post a Comment
Read more

A Complete Guide to Gym SEO for Your Business

Can gym SEO help your fitness business? The fitness industry is hotter than ever as obesity rates continue to climb. People are looking for weight loss solutions, and they’re starting their searches online. There are also more gyms and personal trainers to fill this need, growing to $9 billion a year, just for trainers. How can you beat the competition and get in front of people who want to lose weight? With search engine optimization. Want to know more? Keep reading to learn how SEO can help your fitness business and set you apart from the pack. What is SEO? SEO stands for search engine optimization. When you’re looking for information online, you’re doing a search on Google. Google’s algorithm ranks websites according to a couple of hundred different factors. It then comes up with the most relevant ones to your search. When someone’s looking for a personal trainer or a gym, they’ll type personal trainer near me or gym near me. You want to leverage...
Post a Comment
Read more

5 Ways to Build Muscle Mass That Are Legal

If you’re trying to build muscle mass, you know how frustrating it can be when you don’t get great results. You’ve put all the time and effort into perfecting your form but you’re still not looking bigger. It can be tempting to resort to dangerous or illegal methods like steroids, but they will harm your body . Before you give up or try steroids, follow this simple guide to increase muscle mass legally! 5 Ways to Build Muscle Mass That Are Legal 1. Use Progressive Resistance Training It makes sense that the easiest way to build muscle mass is to hit the gym, right? But it your workout may need a bit of a change up if you’re focusing on the wrong elements. Instead of going for lower reps of higher weights, switch to a Progressive Resistance Training workout for better results. If you’re unfamiliar with the PRT method, it’s the inverse of what you’re likely doing. Instead of focusing on those higher weights, you’ll do more reps at a l...
Post a Comment
Read more