By: David K Williams
Outsourcing makes a lot of sense, especially for startups, and it empowers an entrepreneur to focus the bulk of their energy on their core product offering. So many businesses fail because they focus their time and energy on infrastructure.
If you’re an entrepreneur in need of more work getting done by more affordable muscle than you’ve got, here are six ideas that ensure your business will keep running smoothly even in growth mode.
Nine out of 10 startups fail because they lose focus on producing something meaningful and selling it. They spend all their time in the business of “doing business internally” with one another instead of with the world.
Regardless of what type of startup you run, you could probably use some help from an administrative assistant now and again. While having someone in your office has obvious advantages — e.g., an in-house assistant can bring you coffee or go pick up the staff lunch you’ll need for today’s meeting — outsourcing many of the jobs an assistant would do to someone who is offsite has its own set of advantages.
With companies like 247virtualassistants.com, routine yet essential tasks, like updating your website, performing data entry, updating calendars, and engaging in regular social media marketing, can all be outsourced and capably handled.
Hire a PEO
A Professional Employer Organization, or PEO, is like the fairy godmother of the small business world. A PEO scoops up all the administrative headaches and gets you back to your booming business.
You handle the worksite responsibilities and decision making while the PEO has the fiduciary responsibility of handling administrative tasks, such as payroll and benefits. The paychecks will come from the PEO with all of the taxes, benefits, and any other withholdings already taken care of.
The PEO also has access to large group benefits that your employees can access just by becoming a client; benefits that will make you a more attractive employer. Additionally, in terms of tax withholdings, because taxes are filed using the PEO employer identification number, the IRS or state tax commission will pursue any problems, penalties, or inconsistencies with the PEO rather than your organization.
According to Michelyn Farnsworth, CEO of Stratus.hr “Most employees want to work for a small company because they feel more valued, but don’t want to sacrifice the perks of working for a large organization. By outsourcing with Stratus.hr, employees can have both.”
Bottom line: If you’re a small business planning to grow, then outsourcing to a PEO is a critical decision you can make to help your business succeed. A September 2014 publishing of “Professional Employer Organizations: Keeping Turnover Low and Survival High” reported that: The employee turnover rate for PEO clients is 10 to 14 percentage points lower per year than that of comparable companies.
Businesses that use PEOs are approximately 50 percent less likely to fail from one year to the next when compared to similar companies. PEOs significantly decrease employee turnover for their clients.
Stay in the Cloud
Instead of hiring an IT team and working to keep your software upgraded and operational, let someone else take care of the bulk of your software needs in the cloud.
In particular, you can outsource many of your office needs to Google because they have a suite of office software you can use for free — Google Docs, Gmail, Google Drive, Google Hangouts, and more. Thanks to the cloud and the offerings within it, there’s no need to devote a substantial part of your budget to IT anymore.
Don’t Spend Your Resources On Expensive Sales People
Rather, train a group of eager, hungry, focused individuals that believe in your product. The Griffin Hill Integrity Sales System, developed by Dr. Baird, is an example of a sales training process ideal for startups. Developed and documented from the top 1% of the highest achieving salespeople, Dr. Baird noted that these salespeople’s skills were highly transferable. Most importantly, these skills could be mastered such that they could become sustainable and enduring. Griffin Hill offers excellent training onsite and online at reasonable prices for startups.
Be the Outsource
There is some wisdom to the age-old adage, “If you can’t beat ‘em, join ‘em,” and one good outsourcing idea for your startup is to be the source of other businesses’ outsourcing needs.
Because outsourcing elements of business is so common and popular in the United States, it’s possible to start your own business by providing the types of resources larger companies need. “Savvy large companies are increasingly managing their talent as a supply chain to gain access to the specific talent and services they need, when and where they need them. Being part of those talent supply chains is a great opportunity for high-quality, smaller suppliers to grow their business,” says Teresa Carroll, senior vice president of Global Talent Solutions for Kelly Services.
According to Stephen Covey, “Outsourcing is inevitable, and I don’t think it’s necessarily treating people like things.” From virtual assistants and IT to graphic design and bookkeeping, there’s plenty of hired muscle you can utilize in the current outsourcing landscape. Make your own business more profitable through outsourcing tasks you aren’t the best at and feel less stressed at the same time.
View source version on Forbes.