Friday, December 10, 2010/
The start-up entrepreneur must be all things to their business. Marketing executive, accounts clerk, HR manager and toilet cleaner. Taking on all these jobs is necessary to keep costs down, but there does come a time when the cost of doing it yourself becomes higher than the savings you are making by keeping things in-house.
So how will you know it’s time to outsource? There are usually two clear signs.
Firstly, when jobs you have been trying to do (accounts or legals are good examples) are starting to become more complex and time consuming, it’s time to bring in professional help – if only to ensure you stay on the right side of the law.
A second sign is that you are missing opportunities because your time is being taken up with jobs that you should be passing off. If you’re spending too much time bookkeeping and not enough time selling, it’s time to outsource.
Remember, this is not money down the drain. It’s an investment in your business.
Get it done – today!
From the frontlines
Alan Jones: How to raise investment for a startup with no customers and no revenue Alan Jones M8 Ventures partner
Canva's Melanie Perkins has 10 tips for startups with 'crazy-big dreams' Melanie Perkins Canva co-founder
Why Up's transgender controversy shows there can be no separation between founders and their companies Joan Westenberg StartupSmart columnist
Take a stand: Why being neutral hurts profitability and engagement Steven Maarbani VentureCrowd executive director
The power of passion: Naked Wines' co-founder reflects on what made the startup successful Peta Jecks Naked Wines co-founder
Hipsters, hustlers and hackers: Three instances of everyday bias in startupland Theresa Lim Play2Lead founder
Diversity and coaching will rid the banking sector of its toxic culture problem Hema Kangeson inSpur founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder