When you are running a business, you need to make sure that you are efficiently using your resources. The last thing you want to do is to have your team working on tasks that could be easily outsourced. Some business owners avoid outsourcing because they believe that it is more expensive to do this, but this is not always the case.
In this guide, we are going to cover some of the business tasks that you should outsource and some that you should bring in-house. Read on to hear what these are.
How long do you spend on doing your business taxes each month? If you make a mistake with your taxes in the UK, you might end up with a huge fine and serious consequences from the HMRC. Tax accounting is difficult, especially if you are not trained. For this reason, we recommend that you are on the lookout for experienced firms who have a track record that shows they know what they are doing. If you are looking for an example, one would be looking into specialist tax accounting services by Azets and comparing it with other firms. This way, you’ll save yourself time and avoid hefty fines.
These days, it is possible to create your own graphics and creative for your social media channels with tools like Canva. However, if you don’t quite have an artistic flair, you won’t be able to create something that is going to stand out online. Additionally, you might find that you spend way too long on creating graphics, rather than focusing on other important parts of your business. For this reason, we recommend that you outsource graphic design to the professionals.
In any business, staying up to date with your competitors and understanding your target market is extremely important. Many business owners make the mistake of only researching their market in the initial stages and neglect to update their records over the years. An external company that specialises in market research could help you to stay ahead of your competitors and understand your market. Consider outsourcing this task to improve the way that you operate.
Social Media Marketing
These days, there are tons of companies out there that offer social media marketing services, but could you be doing this in-house instead? Yes, social media experts know what they are doing and can offer advice that helps your business to grow. But, alternatively, you could hire a social media marketing staff member or team and keep this in-house. It is relatively easy to get trained up on this so if you have an existing marketing team, they could also help out from time to time. You’ll not only save money, but you’ll have more control over what kind of content is being generated!
Finally, you should consider keeping your recruitment in-house if you want to run your business more efficiently. These days, it is much easier to recruit and find experienced staff members online through channels such as LinkedIn and Facebook. Gone are the days where you need to pay recruitment agencies huge fees just to find you a few candidates for the role. Try out some in-house recruitment, ask for staff referrals and see if this helps you to grow without overspending.
Make Some Changes
As a business owner, you don’t need to do everything yourself as there are so many great options when it comes to outsourcing certain tasks. However, you should be aware of what is most cost-effective for your business and ensure you are making the right choices. If it makes sense to bring something in-house – don’t be afraid to do it and see how it changes the way that you operate.