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While running your business without external support may seem like a cost-effective option on a surface level, what is that burden actually costing you? It’s extra hours for you and your team, it’s opportunity cost when admin pulls you away from strategic business development, it’s money when a mistake is made, time when it needs fixing. It all adds up, and in the long run may leave you questioning, was doing it all yourself really worth it in the end?
Investing in external support can feel daunting, but if done right, it could actually save you time and money overall. Let’s explore how working with a Virtual Assistant makes that possible…
Saving Time with Outsourcing
When you’re running a business, your time is your most valuable asset. No matter how big or small your business is, no matter how established or extensive your team is, there will be plenty of moments where you feel like your time and attention are being pulled in a million different directions and core business functions might not be getting the focus they deserve.
Here’s how outsourcing can help you claim some of that time back:
Outsourcing increases efficiency
To us, efficiency means completing more work to a better standard in a shorter amount of time. That’s exactly what outsourcing does. By delegating specialist tasks like payroll or copywriting, you’re immediately removing that task from your to-do list.
Not only is your time then freed up to work on other business tasks that you excel in, but the delegated tasks have been taken on by experts. These experts will have exceptional knowledge and experience with the task at hand, meaning they’re able to complete it more quickly than a novice, or yourself who is juggling a heavy workload. Their focus will be on that task specifically, meaning not only will it be completed quickly, but to expert standards.
You gain some of your precious time back while outsourced tasks are completed efficiently.
Outsourcing eliminates waiting times
Particularly where tasks like customer service or payroll are concerned, time can be an issue. Take too long, and you may have disgruntled customers and employees on your hands. But managing a heavy workload can be challenging, and it’s not always possible to complete every task on time.
Outsourcing helps you eliminate these waiting times, keeping your customers and employees happy and saving you a lot of stress.
Outsource professionals are dedicated to the task you’ve delegated to them. They’ll set aside time blocks to work on it without disruption and are experts in working to deadlines, no matter how tight they may be. By outsourcing, you can rest assured that tasks will be completed on time and to a good standard, without question.
Saving Money with Outsourcing
Saving time is all well and good, but when it comes down to it, the success of your business relies on money. Luckily, outsourcing certain tasks can also be advantageous when it comes to your finances.
Here are a few ways in which outsourcing could help you cut back on costs:
Outsourcing eliminates salaries
Taking on new full-time staff members comes at a cost – the biggest one being their salary. This can be a strain on your business, especially if you’re just starting out on your business journey.
Instead, outsourcing helps eliminate the concern of paying staff members a full salary. Outsource professionals are paid for the work they complete, and nothing more. That means if you require support on an ad-hoc basis, you don’t have to fork out for time you won’t use. Instead, you can book the hours you need with your outsource professional, pay for the work completed, and leave it at that.
Of course, you can hire an outsource professional full-time, but this will still cost you less than a full-time employee. You won’t be required to pay holiday or sick pay, and again, you’ll only pay for the time you need or work completed.
Outsourcing doesn’t require training
Picture this – you’re looking to start a marketing campaign to really take your business to the next level, but none of your current staff are trained in that area. To get them to a point of being competent in carrying out a marketing campaign successfully, you’d have to invest in some good quality training which, of course, can be expensive.
Outsource professionals are already fully trained and experienced in their area of expertise, meaning you can delegate without the concern of supplying further training.
Outsourcing with The Edwards Company
If you’re looking for a way to save time and money for your business while also improving efficiency and output quality, outsourcing could be the right solution for you.
Here at The Edwards Company, we provide expert outsourcing services to help businesses like yours succeed. For more information on how we can support your business, please do not hesitate to get in touch with our brilliant Virtual Assistant team.