When you start a new business, it’s tempting to do everything on your own. You may want to be aware of everything that’s happening, or perhaps your finances are limited. Often we find ourselves needing to accomplish something for our business - for example, build a website - that is simply out of our skillset. It’s tempting to shoulder the task and power through, but outsourcing is likely the better way to go. Whatever the reason you’ve been hesitant to pass the torch, know that it can be well worth the cost to outsource once you begin making money.
Golden AQS Strategic Business Consulting presents a few key roles that you should consider outsourcing.
Start Up Paperwork
While some people pay lawyers to file their business registration paperwork, you can save money by using an online service. The documentation you'll need varies by the business structure, so that should be your first decision. Many startups choose a limited liability company, but a corporation may be better if you plan to court investors and scale up your operations quickly.
Once you've registered your business, you can start rolling out your operations. As a startup, you can benefit from outsourcing or automating tech-related roles. Doing so reduces costs, giving you the necessary capital to expand your enterprise, and lets you delay hiring until you're more financially stable.
Today, there's no reason to type up an invoice by hand. Instead, you can increase efficiency by using an invoice generation tool. These applications can insert logos, photos, and text into pre-made templates, creating a fully customized invoice. Many of these options are even free.
Outsourcing inventory management can be helpful if you move lots of stock, or you can automate it with special software. Choosing software over outsourcing gives you more control and ensures you're always up-to-date on your inventory. Knowing what you have in stock provides a wealth of benefits:
• Better coordination between locations
• Greater data visibility
• Improved customer experiences
Knowing where your business stands financially is essential for success. Without reliable numbers, you risk overspending, underpaying taxes, and missing business opportunities. Unfortunately, hiring a certified public accountant can be expensive, so many small enterprises turn to software. There's a large selection available, ensuring you find the perfect software for your industry's accounting needs.
Customer Relationship Management
Tracking and analyzing transactions and customer data is critical to business growth. If you don't have the funds to bring a professional on board, you can utilize CRM software. This tech automatically records information and generates analysis based on parameters you set.
Bad actors are constantly evolving their methods, so having cybersecurity is a must for any business. Third-party cybersecurity firms have the latest tech to safeguard your data. Additionally, you can count on 24/7 support, so there's never a gap in your defenses.
You may need custom applications to increase your corporation's efficiency or connect employees. If you don't have experience building an app, outsourcing may be your best option.
Information technology support requires specific skills and training, which is likely why studies show that 37% of related tasks get outsourced. Working with third-party IT experts ensures you have 24/7 support and offers scaling options as your company grows.
Social Media Management
Social media platforms are a space where small businesses can compete with big corporations on a level playing field. Of course, managing multiple accounts becomes challenging when you have a handful of employees, especially since consistency is key to building followers. Outsourcing this marketing provides a rapid response to shifting trends and regular posting schedules.
Website Design and Development
Consumers expect businesses to have a professional website, and many startups begin as e-commerce enterprises. While there are out-of-the-box web development options, outsourcing offers greater scalability and customization. Additionally, you have the invaluable experience and knowledge of seasoned design experts.
Launching a corporation requires a lot of work, and you can't do it all alone. Fortunately, there are plenty of automated and outsourcing options so you can lay a solid foundation for a successful future.
If you are considering outsourcing your administrative, social media, or digital marketing, contact Golden AQS to see how we can help your business grow.