3 Signs You Need to Get Your Business Organized
As a small business owner, you probably started in your respective field because of your experience in the industry. Maybe it was a childhood dream of yours, or maybe you realized you had a knack for your job. Either way, you now run a small business based on your expertise. However, while many business owners have ample experience in the industry, they often lack the experience to handle back-office operations like HR and accounting.
This can lead to disorganization and even neglect, which isn’t good for your business. Poor organization can reduce a company’s ability to grow, turn away its clients, or even land it in trouble with the IRS. With limited resources, small operations don’t always have the option to hire a dedicated administrative team, so some stay in a continuous state of disorganization. Thankfully, it doesn’t have to be this way.
How to Tell if Disorganization Is Affecting Your Business
If you find yourself buried in paperwork in the back office or struggling to multi-task administrative tasks, it may be time to consider outsourcing a department or two. Think about how you allocate your daily duties. Are you spending too much time figuring out payroll or getting expenses organized? Do you end up having to take home extra work at the end of the day because you’re spending precious business hours doing data entry?
When administrative tasks impede on your ability to run your business, it can have a significant effect on your profits and enterprise as a whole. Luckily, almost any administrative aspect of a business can be outsourced; the trick is knowing which one you need help with most.
What Are the More Common Departments to Outsource?
Outsourcing is an incredible way get your business organized and increase productivity, and payroll and HR are some of the biggest departments small businesses contract out. However, both of these are governed by ever-changing tax and employment laws. Entrepreneurs that don’t understand or have time to keep up with these laws risk non-compliancy fines and serious trouble. That’s why many work with outsourcing companies that specialize in these areas.
Finding the Best Outsourcing Solution for Your Business
So how do you go about finding the best outsourcing solution? As a small business, you may not have the desire or funds to switch all departments, which is actually a good thing. For example, outsourcing customer service isn’t always the best idea, especially if clients love your personal size and charm. Think about which departments you want to outsource:
- What activities impact your ability to make a profit? Would outsourcing these activities free up time?
- If a particular job is temporary or occurs in cycles (such as payroll), outsourcing might be more cost-effective than having an in-house team.
- Does the job entail a particular skill, like accounting, that you don’t understand?
- Outsourcing routine jobs such as data-entry may also be cost-effective and time-saving.
Not all business owners are the same, so it’s important to consider what departments would most benefit you if outsourced. Contractor in Charge offers a suite of services, including bookkeeping, dispatch, and payroll. Find out how to put your company “In Charge” – schedule a call with us to get a free quote!