OUTSOURCING SMALL OUTSOURCING SMALL BUSINESS TASKS: THE PROS AND CONS

These days, it’s easier and more affordable than ever for entrepreneurs to outsource business tasks. While outsouOutsourcing Small Business Tasks: The Pros And Cons

It’s easier and more affordable than ever for entrepreneurs to outsource business tasks. While outsourcing can save you a great deal of time and may even help you save money on personnel costs, outsourcing certain tasks aren’t without risk. Wondering if you should outsource tasks for your repair business? Here is the benefit of outsourcing small business tasks.

Benefits of Outsourcing:

➤ Outsourcing can make it easier for you and your team to spend more time focusing on the most important tasks.

➤ Freedom from menial tasks can help you and your employees achieve a better life/work balance.

➤ Reduction in personnel costs can translate into a greater ability to spend on growth.

➤ Working with freelancers can help you control business expenses and the risk associated with hiring personnel.

Cons of Outsourcing:

➤ Communication issues between contractors and your team.

➤ Contractors may not be aware of the nuances of your business.

➤ Managing contractors can be time-consuming.

Outsourcing Accounting

Bookkeeping, accounting, and payroll are tasks that a huge percentage of small businesses outsource. Many small companies simply don’t have a need for a staff accountant, and managing your own taxes can present risks. 

Outsourcing Marketing and Advertising

While the rise of social media and web-based marketing tools has made it easier than ever for entrepreneurs to tackle marketing themselves, many people simply don’t have the time (or aptitude) to do so. Hence the need to outsource it

Outsourcing Customer Service

Everyone from large, multi-truck businesses to one-man operations are now outsourcing their customer interaction and dispatch. While outsourcing your customer interaction has its benefits – namely, it can save you a great deal of money and time, it doesn’t come without risks. Unless you have the time and resources to ensure that your outsourced customer support team are well-informed on the nuances of your business and well-trained on your policies, your customers may not receive the level of service they’re used to and it may actually harm your relationship with your customers

RECRUITMENT: BENEFITS OF OUTSOURCING FOR SMALL BUSINESSES

Outsourcing — the practice of using outside firms to handle work commonly performed within a company is a familiar concept to many entrepreneurs. Small companies routinely outsource their payroll processing, accounting, distribution, and many other important functions often because they have no other choice. Many large companies turn to cut costs. In response, entire industries have evolved to serve companies’ outsourcing needs.

But not many businesses thoroughly understand the benefits of outsourcing. Outsourcing can indeed save money, but that is not the only (or even the most important) reason to do it. Wise outsourcing however, can provide several long-term benefits:

Control financing costs: Cost-cutting may not be the only reason to outsource but it has certainly a major factor. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of your business. Outsourcing can also make your firm more attractive to investors since you can pump more capital directly into revenue-producing activities.

Increase in efficiency: Companies that do everything themselves have much higher research, development, marketing, and distribution expenses, all of which must be passed on to customers. An outside provider’s cost structure and economy of scale can give your firm an important competitive advantage.

Lower the labor costs: Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees do not always live up to your expectations. Outsourcing lets you focus your human resources where you need them most.

Start new projects quickly. A good outsourcing firm has the resources to start a project right away. Handling the same project in-house might involve taking weeks or months to hire the right people, train them, and provide the support they need. And if a project requires major capital investments (such as building a series of distribution centers), the startup process can be even more difficult.

Concentrate on your core business: Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more openly.

Level the playing field: Most small-firm easily cannot afford to match the in-house support services that larger companies maintain. Outsourcing can help small firms act “big” by giving them access to the same economies of scale, efficiency, and expertise that large companies enjoy.

Reduce risk: Every business investment carries a certain amount of risk. Markets, competition, government regulations, financial conditions, and technologies all change very quickly. Outsourcing providers assume and manage this risk for you, and they generally are much better at deciding how to avoid risk in their areas of expertise.

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CV REWRITE: WAYS TO WRITE A CV WITH NO EXPERIENCE

You need a job to get experience, but also you need the experience to get a job. What a conundrum!

Just because you don’t have relevant skills or experience from a conventional job doesn’t mean you can’t create a resume that will get you a job.

KEY POINTS YOU SHOULD TAKE NOTE;

  • Open up with a personal statement

Think of it as your resume elevator pitch that sums up who you are professionally and what you can do for the given employer. The personal statement should also address some of the crucial requirements and skills listed in the job posting.

  • Choose a suitable resume format

There are a few dominant resume formats in use today. They have different functions and serve different purposes.

  • The chronological resume presents information in reverse chronological order, with the most recent events being placed first.
  • A functional (skill-based) resume focuses on your skills, accomplishments, job traits, and personal characteristics that employers expect future employees to have.
  • A hybrid resume contains elements of both the chronological and functional styles of resumes by including your relevant skills and accomplishments first and then describing your employment and education in chronological order.
  • Turn your disadvantage into an asset

In other words, don’t get hung up on where you fall short. You need to specify what you can bring to the table. Instead of work experience, it’s best to focus on your education and skills you’ve developed during college and expand these two sections on your resume.

  • Take stock of your achievements and activities

An additional Achievements section can act as an extension of your Education section and will help you fill space on your resume.

  • Treat your internships and extracurricular activities as regular jobs

Despite being unpaid, these activities can showcase your soft skills and help recruiters gauge your professional aptitude. Each one of them should come with a few points that detail the responsibilities you had

  • Add some personality

Recruiters have to deal with many applications for each graduate job. Standing out from the crowd and making yourself memorable is the best move towards getting called in for an interview.

  • Keep it professional even before you become a professional.

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