Why Outsourcing Business Tasks is Beneficial For Your Business and How Much You Should Invest

Feeling overwhelmed with 101 ideas and things in your head? I know the feeling well! Last year, I finally did something to change that and this week I unleash the secrets to how outsourcing business tasks can increase your efficiency as well as offer a whole host of benefits to you as a business owner. Want to know more about why outsourcing is so beneficial for you business? Read on!

Why Do You Need to Outsource If You’re a Small Business Owner?

Small business owners often find themselves juggling multiple responsibilities. While this may initially seem like a badge of honour, it can quickly become overwhelming and negatively impact your mental health. Recognising the need to prioritise mental well-being, small business owners are increasingly turning to outsourcing as a solution. Last summer I was juggling an international move, trying to establish myself in a new market and I knew that to scale my business, I needed help! I actually had my biggest ever revenue month in August, but that was only possible due to the help I had hired!

But I’m a Small Business. I can’t afford to outsource anything.

Sound familiar? Often clients come to Your AJency with this exact concern. How can you outsource tasks and pay people to do things for you, and continue to run a profitable business. Well, it takes a mindset shift. I fell into the trap to begin with that if I spent, I was giving away my hard earned cash, but rather, allow yourself to think how much more can you achieve if you focus on what you are good at and leave the other parts of your business to other experts.

How much should I invest in outsourcing?

There is a fine line between how much to invest and how to keep your profits high. I like to think about it like this:

If you charge £100 an hour and the help saves you 2 hours at a cost of £50, you will still be able to earn more money by hiring someone to help you with a set task.

As a small business owner, I can personally relate to the struggles of handling tasks outside of my comfort zone. Accounting and anything technical, in particular, have always been a huge source of anxiety for me. It's not only a complex field but also time-consuming, and diverts my attention away from core business operations. By embracing outsourcing, I've discovered a game-changing solution that greatly benefits my mental health and my business it's a win win situation.

Here are just some of the ways outsourcing has helped me scale my business.

Reducing Anxiety:
Outsourcing tasks that cause anxiety, like accounting, allows small business owners to alleviate the burden and focus on areas where their expertise lies. By delegating these responsibilities to professionals, it eliminates the constant worry of making mistakes or falling behind on important financial matters. This newfound peace of mind significantly reduces anxiety levels and promotes overall mental well-being.

Time Optimization:
One of the key benefits of outsourcing is the ability to optimize your time. As a small business owner, time is a valuable resource, and it should be spent wisely on activities that drive growth and success. By delegating tasks like accounting to experts, you free up precious time to concentrate on strategic planning, business development, and nurturing customer relationships. This not only enhances productivity but also contributes to a healthier work-life balance, which is essential for good mental health.

Accessing Expertise:
Outsourcing tasks like accounting or website design means entrusting them to professionals who possess the necessary expertise and experience in the field. Small business owners often lack the in-depth knowledge required to navigate complex financial or technical matters efficiently. By leveraging the skills of outsourced professionals, you gain access to a wealth of specialized knowledge. This ensures that your business's financial and digital needs are handled accurately and effectively, relieving you of the stress and anxiety associated with tackling unfamiliar territory.

Scalability and Flexibility:
Outsourcing offers the added advantage of scalability and flexibility for small businesses. As your business grows, your accounting needs may become more complex, especially if you start hiring staff. By outsourcing, you can easily scale up or down based on your requirements without the hassle of hiring or firing employees. This flexibility enables you to adapt to changing circumstances swiftly, reducing the strain on your mental well-being that comes with managing internal resources during periods of growth or contraction.

So, if you find yourself anxious about handling certain tasks, consider the power of outsourcing and unlock the benefits it brings to your mental health and overall business performance.

Is marketing your small business the thing you worry the most about? Have a great story but not sure how to share it with your audience? If this sounds like you and you want some help with your marketing strategy or social media, get in touch with Your AJency. We’d love to chat to you!