How to Grow Your Business by Outsourcing

     Is your business growing at a rate that you don't feel you can keep up? Are you working every single waking hour to keep up, and still turning work away?
Then you need at least one pair of extra hands to help you, before you burn out and make yourself so ill that you can't work in your business at all.
But employing people is a giant leap. And the old saying that overheads walk on two legs has never been truer today. Taking on permanent employees brings a huge amount of additional expenses, including holiday and sickness pay, uniforms, pensions, taxes, vehicles and office space.
A good alternative can be in outsourcing.
In the new global economy, outsourcing is one of the essential keys to success!

Why Outsourcing?: Many small business owners simply can't afford the expense of recruiting additional staff. And even those that can often find that they can't find the necessary skill base in their area.
Outsourcing to online professionals may cost you more per hour, but it is likely to cost you far less in the long term. A great way I found out is outsourcing on a project basis. On sites like eLance you can do this in a very good way and the advantage is that you can outsource on fixed price conditions.

Some Advantages of Outsourcing:You only pay for the work you require.
If you're not happy, there is no hiring and firing involved.
You don't have to provide the perks that many permanent employees demand.
You won't be paying for people to drink coffee and surf the internet.
It enables you to run your entire business online.
You can find a skill base that is not available in your local area.
You can outsource the basic work to areas where prices are lower.
I have good experiences with outsourcing recurring tasks to a company in the Philippines.

What Should You Outsource: When you first consider outsourcing, monitor what work you do throughout the day. Make a list of each task and consider the following: Which jobs could you easily systemise so that almost anyone can do them? Which mundane jobs consume most of your time? And which jobs take you a long time because you don't have the skills or expertise to do them quickly?

Outsourcing is an efficient and cost effective way to grow your business, without the commitment of recruiting permanent employees. And if you get it right, outsourcing could enable you to grow your business to the next level, quickly and painlessly.
So, leverage yourself and delegate all repeatable, systemised tasks and
enjoy your work as an entrepreneur.

Article Source :

Michael Knulst is an experienced entrepreneur. With over 20 years of proven achievements in the corporate world, Michael is a first class business coach who knows how to transform your business into a future success story.

Posted on 2012-02-28, By: *

* Click on the author's name to view their profile and articles!!!

Note: The content of this article solely conveys the opinion of its author.

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