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Get people to help you – on a limited budget
Outsourcing is when a business hires a third party to perform tasks, handle operations or provide services for the company. Common services that small businesses outsource are accounting, marketing, sales, and IT Management, among others. Some of the reasons entrepreneurs choose to outsource are:
To increase efficiency and save money by getting an expert to perform difficult tasks such as financial management and tax filing, or solve tech issues concerning your website.
Allows you to focus on what you do best - your product or services.
To get professional help, for example, a creative agency can help you with creative ideas, visuals (like graphics), and helpful strategies you may not have otherwise had access to. Read more about digital marketing agencies’ services here
Want more ideas to get help in your business for cheap or free? Get 5 strategies all businesses can use. Read the full article: How To Get People To Help You Build Your Business Even With A Limited Budget
Also in this week’s newsletter:- Startwise's special offer is just for you- Stories on How Outsourcing Can Become The Best Decision for Your Business
Have a great, productive week ahead!
Quote of the Week
“As a freelancer, YOU are the business. If you are sick, you have no income… As an entrepreneur, you are getting others to do the work with and for you. You utilise other people’s resources (time, energy, money) to grow the business.” – Tryphinah Moleke
This limited special offer is just for you!
Don't miss your opportunity to invest in your side hustle or start-up and generate more income! Startwise is a virtual consulting platform with experts who will tell you: - How to market your service and get those sales in - Where to position yourself in the marketplace - What documents you need to register your business - How to apply for funding - How to register a website domain - How to manage your books and VAT - How to approach your social media to generate sales
Book your consultation with a business mentor today. It's the most affordable way to get valuable guidance and you will get your first 15 minutes FREE!
Lessons from Other Entrepreneurs on the Importance of Outsourcing
Lesson 1: “Surround yourself with a team you can rely on and then trust them to make the right decisions. This frees up your time to grow the business beyond what you could have achieved on your own.”Read more: Entrepreneur Shares: 10 Lessons I Learned in 10 Years of Running a Successful Agency
Lesson 2: Get help to manage growth. Growth often means an increased workload and a bigger team which requires an entrepreneur to delegate and outsource some business tasks and processes if they are to keep up. Here is a 4-step strategy to help you start delegating certain tasks in your business. Read more: Entrepreneurs Learn to Delegate – Your Business Will Thank You For It
Lesson 3: Know how you will manage freelancers and outside help. For example, you can make use of a field productivity app like GeoRep, which measures and tracks your field staff’s performance. Features include call logs and time sheets, call schedules and the ability to locate your field staff as well as keep track of their activities. Read more: Must-Have Small Business Software and Tech Tools
