If you have reached that stage in your business where you feel that generating more income is a possibility, outsourcing is the answer. Most people end up pouring over work and are hardly getting any time to enjoy socialising. Sebastian Greenwood once quoted Henry Ford who said, “Coming together is a beginning; keeping together is progress; working together is success.” Here are a few areas of the business that you can outsource, with a reliable vendor.
In a small business it is relatively easy to get the facilities or human resource department to handle payroll. As the business expands with over 20 employees, it is time to look outside the box. Keeping track of attendance, leave records, joining and exit formalities, loans, increments, bonus, tax deductions, benefits, and so on, can take time. Once you outsource this, the time spent is limited and in the end relatively less expensive.
Public Relations and Events Planning
Outsource this work to an agency of repute if you event plan or organize workshops and team outings for employees. A well-known event agency will have a series of ideas taking into account the catering, association with resorts and hotels, sound and light technicians and much more. In addition to organizing events for the company, they also have professionals who handle press releases and take care of public relations.
Bookkeeping and Accounting
The general rule is to have a full-fledged accountant working at the firm with a team of experts in the company. You do not have to do away with them, but add an additional team of experts who cover the entire scope of bookkeeping, daily accounting activities, financial transactions systemically. The advantage is that you get to save time and even money, as they ensure accuracy on all levels.
As the financial year ends it is mandatory to file individual and business returns. The outsourced partner will handle tax preparation and filing of taxes for both employer and employee. Let’s face it, not everyone has the wherewithal in taxation. While one may have a great business head, finances and filing tax returns are another ball game entirely. Experts take the burden away from you, as they generate returns based on key elements of taxation during the financial year.
Social Media Marketing
In this Internet age marketing across social media sites is a necessity. Given the fact that networking sites work in lead generation and ensure deliverability, it is best to outsource this range of business to a reliable agency. Marketing is not always easy on these platforms and takes considerable time, which requires dialogue, commentary, sharing, and likes, by a group of dedicated professionals. Growing a following takes time and expertise by people in the know.
Keeping a business afloat takes dedication, strategy, thinking out of the box, precision and a host of other relevant traits. You can create an idea from scratch and build it into a great brand at any given time, as long as your heart is in the right place. Sebastian Greenwood once quoted Les Brown who said, “You are never too old to set another goal or to dream a new dream.”
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