8 Reasons To Outsource
The key to being a successful entrepreneur is working smarter, not harder.
Working smarter means using tools to your advantage. Let’s think back to when neanderthals created and started using the wheel. Those wheel welding neanderthals were able to make a faster and greater impact on society. There are tools that savvy entrepreneurs can use that will create a similar multiplying effect.
One of the greatest tools an entrepreneur can use is outsourcing.
Check out the top eight reasons why successful entrepreneurs outsource.
Outsourcing allows you to work on the tasks that grow your business and off-load the ones that don’t.
As an entrepreneur, you’ve got a never ending pile of tasks on your plate. You can hack the system by offloading work that doesn’t really need to be done by you.
For example: If you are a self-employed real-estate broker, you should be doing items that can only be done by a person with your knowledge and expertise (high-level logistics, growing your co., etc.). If you are getting bogged down with tasks that don’t really need your brain (scheduling, answering emails, etc.) you end up burning your brain on things that didn’t need to be done by you.
You are the most important person in your business. It is imperative that your efforts are laser-focused on the things that will grow your company! Smart outsourcing makes this possible.
Scale in a cost effective manner
Growing a business costs money; therefore, it is important that you are smart with the money you are spending. The average cost of hiring a full-time employee is the highest it has been in America and will continue to go up. Additionally, hiring an employee can lead to further headaches with regard to insurance and management.
Rather than going through the employee ringer, smart businesses are increasingly outsourcing tasks for the fraction of the cost, without compromising quality.
Strengthen a weak area
People who own a business are often a jack-of-all-trades. However, when people try to do every single task, they tend to be mediocre at best, and painstakingly detrimental to their business at worst.
Humans were not designed to do everything well.
Smart entrepreneurs know that they are really good at a few things, average at a number things and bad at a lot of things. Businesses who succeed are honest with themselves about this. They make sure they doing the things they are talented at, then outsource the bad and average.
Hiring a specialist in a certain task means that you are getting better quality then you would have if you were doing it on your own.
Smart entrepreneurs understand that they have a finite amount of time and they know how to make time work in their favor. Each of us only have 24 hours in the day, minus 8 hours of sleep, then subtract a few more hours for eating, grooming, exercise, etc. This means that realistically each person only has about 12 working hours per day, if they are grinding at their hardest.
Those who learn how to outsource are essentially hacking time. Instead of only having a measly 12 hours per day put towards their business, proper outsourcing enables them to easily, double, triple and quadruple their company’s output.
Multiple the productivity of your company, without having to put in additional hours yourself? Who doesn’t like efficiency?
Humans are not islands
There are a number of people who believe that if they are self-employed, or own their own business, they are destined to be a lone wolf. This means they guard their ideas and grind out every aspect of their business without getting additional input.
However, if a business owner is not getting additional help, it will stifle their company’s growth.
Why is this?
One person working on their own stays in their head with all of their own ideas. If
you are operating a business based on only your thoughts, it will never grow. Imagine if school was a place where you just thought your own thoughts and nobody challenged you?
Successful companies go out of their way to get the input of others, people who are more talented, less talented, customer feedback, etc. It is almost impossible for a business owner to get the help input/help of others if they are bogged down in low-level tasks.
Offloading low-level tasks gives you the breathing space to collaborate with others and become greater.
Those who have their own business, must have a somewhat sane and clear mind. Being an entrepreneur requires a lot of mental toughness that comes from being able to handle day-to-day stressors.
An entrepreneur who has a number of their tasks delegated and outsourced, will have a significantly lighter stress load. This has a rippling effect. Those with less stress on their time and psyche also have better family/friend relations, which equates to a better overall happiness, which funnels back to a higher entrepreneurial performance.
Again, you are the most important person in your business. Ensuring that your stress levels are mitigated leads to greater success.
Improve your online presence
For a number of business owners, managing an online presence is not what they set out to do.
Let’s say a person who starts a lawn-care service is really good at customer relations, and managing their lawn team, becomes overly taxed because they also have to maintain a good online presence. This is an additional factor on top of their core business.
Having a good online presence is something that a successful business cannot avoid. By offloading tasks such as social media management, SEO, etc., you can focus on your core business.
For entrepreneurs with business in other time zones, it can be a huge hassle to align their schedules with their clients.
Proper outsourcing can ensure that you are in business 24/7. This enables a greater capacity for selling your product and service. It also allows for greater customer satisfaction and retention.
Outsourcing Increases your ability to sell and make your customers happy!