When Should you Outsource as a Small Business Owner?

By mmitchell

As a small business owner myself, I spend a lot of time teaching other owners how to juggle marketing along with all of the other functions in business. Between running the books, developing new clients, handling the product/service, marketing, and even answering the phone/Emails, it can be overwhelming. Yet, as an entrepreneur it is always difficult to outsource many of these tasks. Since many small business owners “bootstrap” their business, it is always hard to spend money having someone do something that you can do.

On the flip side, however, if you continue to do things that you could outsource, you will always stay small. There are only 168 hours in the week. So, you are limited to the size of your business if you are the only one producing.

What activities can you outsource that cost you less than your own hourly rate? These could include bookkeeping, basic functions in your business or activities that you are not talented in or you hate to do. What services could you partner with other business owners that could help expand your service offerings? What activities are you doing that drain your energy and prevent you from being the best you can be? Conversely, what activities are you talented in and things you enjoy doing?

Here is another article from Coloradobiz.org that covers the “Reluctant Entrepreneur”:

http://www.cobizmag.com/articles/the-reluctant-entrepreneur/?utm_source=iContact&utm_medium=email&utm_campaign=ColoradoBiz&utm_content=

MTECH Internet Marketing provides assistance in equipping small business owners to understand and implement successful Internet marketing strategies. If you would like a free consultation, please call us at 970-731-6325 for more details.

Filed in: Business Building Tips • Wednesday, December 7th, 2011
 

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MTECH Business Development and Internet Marketing is about bridging the gap between large companies and small businesses. As marketing shifts at a rapid pace, most small and medium sized business owners are struggling to keep up. My company is committed to educating and empowering owners and key staff members to not only keep pace, but to use these new tools to transform their business success.