A little over a month ago, we made the smartest business decision of 2011. We outsourced our bookkeeping to a qualified small business accounting firm. I’ve long prided myself on handling the books internally, so this was a monumental change of operations.
I thought I was simplifying my month-to-month tasks and eliminating the dreaded end-of-year tax preparation burden, but have been humbled to learn that what I didn’t know could fill volumes. In fact, it’s felt a bit like drinking from a fire hose. The insight from a professional looking in from outside our business, even in these early stages, has made a dramatic impact on how we conduct business. Without a doubt, this will help us to be far more profitable in 2012. How exciting!
Don’t get me wrong, I’m no slouch in the bookkeeping department. But it’s not my area of expertise, not something I’ve gone to school for, and studying tax law would bore me to tears. Outsourcing it makes total sense. It’s an investment that will save me money, and make it easier for me to focus on profit-producing tasks.
Are there tasks you should be outsourcing?
As small business owners, we’re probably all guilty of trying to do way too much on our own. We figure we’ll handle everything until we can afford to hire help or outsource. Many business owners also figure they’ll forego marketing until they can afford to spend the money on advertising. While I don’t advocate going into debt to build your business, if we wait until we can afford to do these things, it’s likely we’ll never do them – and we’ll miss out on the full potential our businesses offer.
Take website development, for example. Sure, you can buy $4.95/month hosting and set yourself up a simple website – using WordPress or one of the many site builders on the market. But do you know how to set your site up securely so that it won’t be hacked? (Hint: There’s more to doing it right than using the one-button installation within your hosting account.) And how long will it take you to get your site to look the way you want it to? Do you know how to set it up so that it’ll rank highly on the search engine results page? In short, is website development one of your core strengths? If not, outsourcing your website development to a qualified professional will allow your business to put its best foot forward and allow you to focus on profit-producing tasks.
I encourage you to assess your skills and interests honestly, then find a way to outsource those items that fall outside of your core strengths.
Did you make an outsourcing decision that helped you grow in 2011? Tell us about it in the comments below.
Or is it?
So, you’re so busy chasing your tail you can’t get a thought in crosswise, and if you could just take a few things off your to-do list, you might be able to market more wisely, but right now, you’re just too busy. Does that sound like your company? Too often, we can’t see the forest for the trees.