There is a tendency when running a business to do it all yourself. You want to make sure that every aspect of the business runs smoothly and is completed in a professional manner.
When you are just starting your company, that school of thought might not only be best, but it might also be better for you financially. As your business grows, you will start to feel stretched thin from all of the tasks that you have to take care of and you will start to feel like you are always working. All work and no play will eventually lead to sloppy work – or worse, burn out.
To reserve your energy and talents for the things you enjoy about your business, you can outsource the tasks that you do not like to do. You can also hire a third party to do the tasks that are slightly out of your ability to handle. One example that many companies deal with are setting up web pages and finding that the task still causes you to stumble and takes longer than it should. In that case, you may be surprised but you may end up actually making money by outsourcing the job. One way to figure if it is cost effective to hire someone else to do the project is to decide how long the job takes you to complete it and what your time is worth versus what you would pay to have it done. [Read more…]
