By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Topics

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Finance
    • Marketing
    • Technology
    • Business Books
    • Wellness
    • Interviews
    • Franchise

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Trending
    TrendingShow More
    Communicate Better
    Start Your Business Start Your Business
    Majority of UK Employees Looking for a New Job
    Start Your Business Start Your Business
  • How To
    How ToShow More
    How To Start A Maintenance Business In 8 Easy Steps
    Start Your Business Start Your Business
    Tips for Running a Restaurant in the Most Efficient Way Possible
    Start Your Business Start Your Business
    Becoming self employed…
    Start Your Business Start Your Business
    Vet Start up
    Start Your Business Start Your Business
    Builder’s Growth
    Start Your Business Start Your Business
  • Agenda
    AgendaShow More
    4 Vital Safety Precautions to Take During Office Renovations
    Start Your Business Start Your Business
    Essentials You Will Need For Your Business
    Start Your Business Start Your Business
    Boost Employee Morale with these Appealing Ideas
    Start Your Business Start Your Business
    How To Save Your Business Money In Building Operations
    Start Your Business Start Your Business
    The Best Ways To Handle Customer Complaint
    Start Your Business Start Your Business
Reading: Business Outsourcing
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Contact
  • Blog
Search
  • Agenda
  • Blog
  • Finance
  • Growing
  • Marketing
  • Opportunity
  • Starting Up
  • Technology
  • Wellbeing
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Business Outsourcing

Start Your Business
agenda
Share
4 Min Read

Which Functions Should Your Business Be Outsourcing?

In light of the COVID-19 pandemic, businesses across the globe are trying to figure out how to save money and cut costs. Unfortunately, as of September 2020, 60% of small businesses in the U.S. that closed due to COVID-19 have decided to shutter permanently. Others are sure to follow if things don’t change soon. 

We’ve talked before about how outsourcing can help your small business to save money, especially in the uncertain times we’re dealing with now. 

But, which functions should you be outsourcing? How can you know which jobs should be done in-house and which ones would better serve you by hiring a contractor? 

Let’s take a look at a few of the most common functions that you should be outsourcing to save money. In doing so, you may be better able to survive the rest of this pandemic. 

Accounting

Chances are, you didn’t get into the business world because you were a financial expert. Unfortunately, hiring a team to take care of your accounting can end up costing a lot of money. Accounting is one of the most popular outsourcing functions for a business. It’s easy to work with an accounting company or a freelancer who can manage all of your expenses, take charge of your business budget, and put together your taxes. 

IT and Machinery

In today’s tech-heavy world, it’s important to have someone on board that knows how to handle networks, computers, and other machinery that your business might be dealing with. If you work with electronics, you may even consider hiring a calibration service for your equipment. 

The last thing any business can afford is for a piece of equipment to malfunction or for your network data to be compromised. Make sure you are a forward-thinking company when it comes to tech and electronics, and hire out a team with experience. 

Marketing

Every business owner knows the importance of advertising what they do. But, unless you start to build a brand for yourself and have knowledge in digital marketing, you could be missing out. 

Hiring a full-fledged marketing team for your business will be costly. Plus, you will have to create a separate marketing budget on top of paying those employees. By hiring a marketing company to take care of your branding, you only pay for the services you receive. Plus, most marketers take the time to get to know your business, and can create multiple campaigns for you on a contract basis. 

Administrative Tasks

Virtual assistants are becoming more popular than ever, for small businesses and large corporations. Hiring a personal assistant or even a secretary for your business can be expensive. But, virtual assistants are typically relatively cheap to hire, and you can use them on an as-needed basis, paying them for only a few hours of work each day. 

This is really just the tip of the iceberg when it comes to which functions can be successfully outsourced. Don’t be afraid to get creative with your business and your budget. Outsourcing can save your company money and help you to stay afloat long past the effects of this pandemic.

 

TAGGED: header

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business October 26, 2020
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Join Us!

Sign up to our free newsletter and never miss a hot topic!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?