Top Five Benefits Of Outsourcing For The Solo Entrepreneur
If youre a solo entrepreneur who never gets to rest, then it might be time to start outsourcing and reaping its many benefits. Outsourcing might look like an expense, but in reality, outsourcing is a very lucrative investment.
Big business knows that outsourcing works, this is why they do it. With todays advanced technology, its easy to outsource almost every aspect of your business even if youre a solo entrepreneur running your small business from your kitchen table.
Here are the top five reasons that you should outsource:
Maximize your efficiencies
You need to be doing what you do best. Let's say you are earning money as a Life Coach, do you really want to involve yourself in writing, bookkeeping, data entry, sales page creation, or affiliate management? Not really. You want to do the things that bring in money. You want to focus on your core product, coaching.
Outsourcing frees up your time so you can earn more money doing what you love.
You lack the skill
Most people do not have all the skills they need to run their business. Most solo entrepreneurs will benefit from outsourcing. Web design, social marketing, and creating blog posts all require a certain amount of expertise that you may not have. Outsourcing would obviously be a boost to you and your business.
Grow your business
The fact is, as a small business owner, you will eventually need to outsource if you want your business to grow and succeed. A successful business requires time. Most people are not happy working their fingers to the bone, never getting any sleep, and having a spouse angry at you for not spending enough time with the family. To ensure a quality lifestyle, you will want to start outsourcing.
Return on Investment (ROI)
While a contractor appears to be an expense on the books, hiring a good contractor is a good investment. Think of it this way: If you currently earn $75.00 performing your core work function for your business, and you pay a Virtual Assistant $25.00 an hour to perform a task that does not earn you money (data entry, calendar management or other tasks) that frees up another hour for you to earn $75.00. This is a net increase of $50.00 for you per hour.
Create more joy
Most people started their businesses to have more time with family, more flexibility, and to earn more money. Via outsourcing, you truly can have it all. You can spend a day at the park on a beautiful day while your Virtual Assistant completes important tasks for you. What could be better than that?