Your Business With James Caan 2017 - 257
Out of office
If running your business means you're on the go 24/7, perhaps
it's time to outsource some essential roles. Here's where to start
WORDS: CLAIRE LAVELLE | PHOTOGRAPHY: SHUTTERSTOCK
nyone who runs a small business
understands that budgets - and
profit margins, if you're lucky - are
tight. But while it's natural to want to
take on as much as you can yourself
to save on costs, it can prove a false
economy. The harsh reality is, if you
are doing so much that essential
elements of your business are
frequently neglected, you risk not only
a financial loss but also damage to your
reputation that can be hard to repair.
Consider too, that outsourcing is
often much less expensive than hiring
staff, for whom you'll need to provide
reasonable office space, a desk and
a computer, not to mention a kettle
and some teabags (and not forgetting
that enrolling staff into a pension
scheme and paying into it are now
mandatory). Also, restructuring and
office "efficiencies" mean we live
in an age when redundancy is rife
and smaller teams are swamped.
Outsourcing means helping those
who find themselves out of a job to
establish their own micro-businesses
while aiding the growth of yours.
That's not to say outsourcing key
roles won't, at first, seem expensive.
Chances are, however, it's an
investment you'll be glad you made,
especially as it frees up your time to
focus on your area of expertise and
grow your business more effectively.
Look at it this way: networking and
daily admin are both essential to the
successful running of any business,
but if you're missing out on valuable
opportunities to connect with your
business peers because you're neck-
deep in invoices, it's time to get help.
Here we take a look at some of the
most common roles you can outsource
and how they can help to transform
your business - and your life.
WHAT THEY DO Ensure core business
functions aren't overlooked. Whether
it's bookkeeping, diary and email
management or making travel and hotel
bookings, your virtual assistant can save
you time, money - and stress. Admin
support can also help with things such
as document production (legal or
marketing, for example) and creating
presentations - a task that can suck
time out of your day like no other.
WHAT YOU PAY For individuals
and start-up businesses, Smart PA