MONEY SAVING TIPS FOR SMALL BUSINESSES - Tip 2: Outsource, Outsource, Outsource!

Outsourcing refers to the practice of getting other companies to take care of those things you don’t absolutely have to do yourself. Let’s face it – you need every minute of every day for selling and servicing your customers. You can’t afford to take on tasks that can be done better by others.

The central idea to outsourcing is that certain tasks can be done more efficiently, and therefore less expensively, by companies that specialize in those tasks. For example, it probably doesn’t make sense to have a dedicated Human Resource (HR) person on your staff if you have fewer than 20 employees. All the same, you had better get your HR responsibilities right, or you can be in big trouble. That’s where a firm that specializes in helping small business with HR comes in. Likewise, payroll services like ADP or Intuit Payroll Services eliminate the need for a dedicated Payroll person on your staff.

What kinds of tasks can you outsource? Here are just a few, for starters:

• Human Resources
• Payroll
• Accounting
• Information Technology (Networks, email, etc.):

You probably get the idea. If you have a job that you suspect could be outsourced, simply search for the task, combined with the word “outsource”, in your favorite search engine.

Search engine terms:
"human resources"
"payroll"
"outsource accounting"
"outsource IT"

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