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!