The vast majority of entrepreneurs think that they can do it all. There is nothing wrong with this. Entrepreneurs have this mind-set, they were born with it.
At some point though, reality creeps in. this is where the entrepreneur has to consider the possibility of outsourcing some work tasks in their business.
When to outsource
The trick is knowing when to outsource. You may have staff, but when it gets to the point where there are tasks that just can’t be handled by the staff, you may want to consider outsourcing. Sounds ridiculously simple, but many entrepreneurs with staff push their people to the limit, when there really is no need.
A perfect example is when new work comes in, or new tasks need doing, but they just aren’t big enough and important enough to warrant hiring another full-time or even part-time employee.
Another example is when a business is quite young, and outsourcing provides the perfect opportunity to get important suiff done from the outset. This happens when a young business hires a virtual assistant, for example.
What to outsource
It is important that you don’t go ‘outsource crazy’, and farm out all the work that you don’t want to do. Some work is important, and needs doing by you and your team. A key issue here is core competencies. If you have worked on these, and you know what you have that sets you apart from competitors, it makes perfect sense to undertake any activities associated with the competencies. Otherwise, you are giving the stuff that makes you special to an outsourced option. Sometimes it is best to just get some stuff done yourself.
Anything that is highly repetitive, or requires specialist knowledge, is a perfect candidate for outsourcing.
Outsourcing is about being smart and focused on your business goals. It solves a myriad of problems, especially for young companies, or companies that just need certain small or routine tasks doing by outside professionals.