You’ll wear many hats as a business owner. Some may suit you well. Others won’t fit at all. When a task is beyond your capability, outsourcing business startup functions is a great option. So how does outsourcing work? How much does it cost? Is it a better option than hiring someone with the required skill-set? Let’s take a look at this!
Most entrepreneurs think they can do everything when launching a business startup. This mindset is detrimental. Three factors are at play here.
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Outsourcing business startup functions – task factors
The first one is high-skill tasks. Chances are, you don’t have some of the skills necessary to execute every single task correctly and quickly. General knowledge and basic ability may get you by at first, but these tasks must go onto your outsourcing business startup functions list.
The second task factor is low-skill tasks. Don’t waste your time buried in daily office related tasks. You’re the CEO! You won’t have the bandwidth to contribute your real talent when launching your business startup. Outsourcing business startup functions truly means letting go of these laborious tasks. Delegate them.
There’s a third factor which I’ll cover in a bit. Leadership. Eventually, you must delegate all of the daily workload of your business startup. If you wish to lead your company to the next level and beyond, you can’t spend your days working on these daily tasks. But for now, there’s just too much work to even think about being a CEO, so hang in there.
Pre-startup outsourcing strategy
Good outsourcing strategies allow small companies to compete with large companies successfully.
Utilize today’s technology on the internet. You can outsource just about anything reliably, and at a low cost.
Think global. There are highly skilled consultants in countries where wages are lower. Use a secure platform which allows you to utilize these consultants risk-free. Payments are processed by PayPal after work is performed to your satisfaction. Sounds good, right?
All you need is a calculated approach to outsourcing business startup functions. Anticipate and then list all of your required business startup tasks. Determine which ones can and which ones must be outsourced based on the first two task factors.
Then you can start planning your strategy for outsourcing business startup functions. This up-front work will be time consuming, but well worth it. The efficiency and scale ability you gain will allow you to grow your business startup to enormous heights.
Work ON your business, not IN your business
After you have a handle on all of your business startup tasks, start thinking about letting go of them. As a business owner, you’re the CEO. Start the process of becoming one.
Your role should evolve into that of a leader. In order to take your vision to the next level, you need to lead your business. That’s a full-time job in itself. Working ON your business will enable sustainability and growth. So eventually, after your business startup is established and running, you must start delegating ALL of the work. This is a process.
Hiring employees is a good thing, but it’s expensive and time consuming. It takes time and money to find the right people. Outsourcing business startup functions can be a temporary bridge to staffing employees. It can also be a more permanent solution. It’s all up to you. Of course, it also depends on your circumstances.
Outsourcing business startup functions by building a virtual team of contractors
Pick a platform for outsourcing business startup functions. Then pick an expert to help you. Choose from virtual assistants, marketers, graphic designers, ghost writers, editors, paralegals, web designers, HR consultants, bookkeepers, PR specialists, IT professionals, and many others. Use a platform like Elance. They provide a wide variety of technical resources:
“Elance is where businesses go to find, hire, collaborate with and pay leading freelancers from more than 180 countries. With a community of over 3 million freelancers and 1 million businesses, on Elance it’s easy to hire a top freelancer. Find a developer, freelance designers or other talented freelancers with the most in-demand skills.”
Describe what each completed task should look like in great detail. List the steps required to complete each one. Estimate how much time each task will take to complete. You’re the boss, even if you’re unable to perform the task. So educate yourself enough to understand how to manage all of them.
There are many other easy-to-find resources if you wish to shop around. Whatever platform you choose for outsourcing business startup functions, document the details of each task very carefully. This will help you to avoid confusion and conflict.
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Outsourcing Business Startup Functions
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Outsourcing must only be done to a company with specific expertise like if you are looking to outsource live chat do it to a specialize company.
People or companies with specific expertise, right? And some very successful companies outsource their entire teams who work together on projects 🙂 But obviously you’ll need to have great relationships with them to accomplish this. Many serial entrepreneurs do this.