Business Activities which you can outsource to save time
Outsourcing is a business activity which has grown substantially in last 10 years. Earlier business owners used to stay away from outsourcing as they thought it could be costly and proper results can’t be generated from it.
But now that scenario has changed, those who ignored it earlier are now in favor of it, due to many benefits it can bring in to the business like saving time, reducing cost and proper utilization of available resources.
Following are the business activities which you can outsource, to get better and efficient results.
1) Tax preparation and Filing:
Any activity related to tax requires specific skills and also it is a time-consuming process. Giving away the burden of time-consuming activity of filling tax to the tax consultants is the best option.
Now, if you are using a good cloud-based accounting software, you can easily give some temporary access to them for generating the return.
You can easily outsource the filing work of TDS and GST return filing.
2) Accounting and Bookkeeping outsource:
Bookkeeping is one of the most tedious jobs to deal with. You can’t skip a single day without maintaining proper books of accounts because it will lead your business to some serious problems.
Everyone hires a bookkeeper who maintains the books of accounts on a daily basis, but nowadays it has become more practical for businesses to outsource these activities.
The benefits of outsourcing your bookkeeping activity are that you can save time and can focus more on your business. A Lot of money can be saved by outsourcing your accounts than hiring a full-time accountant. Accuracy is maintained as the professionals will ensure accuracy.
3) Social Media Marketing:
Social networks such as Facebook, Twitter, and LinkedIn are no longer a tool for personal communication but are also extensively use as a source of lead generation. Marketing in social networking ecosystem is not that easy and it requires a considerable amount of time. For e.g. only posting some stuff on the social media is not enough, you also have to engage in conversations and respond to the users.
A social media management agencies have a team of professionals who specialize in monitoring and growing the followers. It enables you to devote more of your time is more important matters. Social media agencies will surely fetch some good returns.
4) Outsource Payroll Process:
Managing a payroll is manageable when you have a small team. But once your business starts to expand, processing monthly payroll can take away a great chunk out of your time. It further gets difficult when you have to track employee leaves, joining of an employee and their exit, any bonuses or loan and tax deductions can make your life a living hell.
If payroll is outsourced effectively it will reduce the expenses, make the payroll process easier and filling your taxes will be carried out on time.
How do you hire new people in your organization? Most of us post a job on our website or inform friends and existing employees about the vacant positions. If we have a good network, we slowly start getting resumes. Then we start interviewing these candidates during weekends. What follows is shortlisting, background verification, salary negotiations, and more interview rounds.
You can imagine how much time hiring can consume if not done right. You can save your valuable time by outsourcing the entire hiring process. These agencies will have a database and can quickly arrange candidates with desired skills. Some of them even offer free replacement if a new hire leaves within 3 months.
6) Outsource Your Creative work:
Everyone thinks they can do their own design work, and they can, but very few can do it well. It’s better to leave it to the professionals. You can get quality results by outsourcing your artwork creation. This includes designing of website images, logos, business cards, letterhead, advertising banners, etc.
7) Event Management:
Planning to host a workshop for employees or an outing for the entire staff or party for vendors is a difficult task to deal with. You can outsource it to an event management firm and can rest assured.
They will handle the entire process right from the planning stage to its execution. A good event management company can take away the entire pain and have good connections with technicians, sound providers, food caterers and other vendors.
So before hosting any event, outsource it and save your time.
Outsourcing has eventually become a necessity rather than just an option. So play your cards well to run your business activities smoothly and effectively.
- Posted on Aug 1, 2017
- By Dhruv Rudani
- 0 Comments