HTO Lesson 2 – The Benefits of Outsourcing – Why Do It?

Yesterday we determined what outsourcing is (and even what it’s not). Today, let’s go over five of the many benefits of outsourcing in your business.

* You’ll get more accomplished.
* You can save time.
* Something we all want — save money.
* You’ll be able to focus on your strengths as a business owner.
* And, most importantly, you’ll grow your business.

Now, let’s look at each of these benefits a bit more in depth. First (this one is pretty obvious) by outsourcing you will get more done in your business. Let’s face it there are only 24 hours in a day, but when you enlist the help of others you can actually add hours to your day. Yes, we’ve now figured out how to add more time to your day. (shhh… don’t tell your competition)

That brings me to the next benefit of outsourcing. You can save time by outsourcing in your business. You’ll not only save time just by getting more done with the help of assistants, but also because you aren’t wasting your valuable time learning how to tackle tasks that you don’t have to do.

Think about that for a minute, is there something you need to do in your business but you have to take the time to learn how to do it before you can implement it?

Instead of spending hours learning something you may only use once or twice in your business, let someone else do it that already knows how.

Now the next benefit is saving money. Now, you might be wondering how paying someone to do something for you equates to saving money, but trust me it does. In the long run, your time is valuable. Let’s say you value your time at $50 an hour and it will take you 2 hours to complete a task, but you could easily hire someone for $20 an hour to do the same task in half the time, you’ve just saved yourself $30.

Another way that you can save money when outsourcing is by buying less software.

For instance, if you outsource your graphics, you no longer need to purchase a high-end graphics program. Outsource your bookkeeping and suddenly you don’t need to buy Quickbooks or Turbotax.

The fourth benefit we are going to discuss is focus. By outsourcing tasks in your
business, you will be able to then focus on the activities you are best at. Is there
one aspect of your business that you excel at? Focus your efforts where they are
most beneficial to your business and get help with the other areas and activities
you are best at. Is there one aspect of your business that you excel at? Focus your
efforts where they are most beneficial to your business and get help with the other areas.

Our final benefit is directly involved in the growth and profitability of your business.

If there is an area of your business that you lack strength in or don’t enjoy doing you tend to put it off, even if you know it needs to be done. Instead, hire someone who specializes in that area and let their light shine. This will bring more to the table when it comes to your business that might not have been there before they joined your team.

Skills

Posted on

October 12, 2013