Small business owners are often so busy running their operations day to day that they don’t have any time to grow their businesses.
Even though growth is a core objective for any business, a lot of small business owners make plans and talk a lot about it but never get to it.
Every day they add new tasks to their already full plate of activities because for some they want to be involved in every aspect of the business, while others just don’t have the funds to afford to hire someone else to help with the tasks.
Whatever it is in your case, you first have to see that being tied up in your daily business operations makes it difficult for you to grow your business.
Because to grow a business, you need to dedicate time and other resources towards growth. Unfortunately, these resources are tied down in day-to-day operations.
That is where outsourcing comes in.
Outsourcing means hiring outside talent to perform specific tasks for your business.
According to the IONOS Startup guide, it “is the practice of passing individual tasks, sub-areas, or business processes over to a third-party and thereby receiving the results from outside your own company.”
Here are three ways you can grow your small business in Nigeria or anywhere else for that matter with outsourcing:
One of the top ways small businesses use outsourcing to grow is by freeing up their scarce resources like time and money.
As a small business owner, you have a lot to do for your business to run smoothly.
Unless you want to burn out or do them poorly, you can’t do it all by yourself.
And you also don’t have the money to hire an extra worker, so what do you do?
You outsource.
Because with outsourcing, you can free up more of your time, so you can focus on growing the business and avoid hiring a full-time employee and paying tons in employee benefits but still get all the necessary tasks done.
It’s perfect for businesses that don’t have enough to hire someone full time but want to free up more time to focus on growing the business.
The availability and quality of local talent is often a constraint for small businesses.
And with many bigger businesses competing with them for talent, they end up getting the low end of the stick.
With outsourcing, businesses like yours have access to a wider pool of talent that can help grow their businesses, expand their capacity and improve your service quality, all without having to employ them full-time.
When you and your other employees get more time to focus on your core competencies, your company’s productivity increases.
This is another way outsourcing helps your small business grow.
It allows you to concentrate on the few tasks you enjoy and let the experts handle the rest.
This way, you do what you love to do even more and help your business’s overall productivity and its potential for growth to increase.
Do you think outsourcing can help grow your business? Share your thoughts by commenting below.
PLUS: Whenever you’re ready, here are four ways you can work with us in starting, growing or scaling your business:
1. Dive into the strategies and tactics that you need to implement the steps for building a self-managing and owner-independent business; a business that runs with or without you! Are you ready to take action? Enrol for the self-paced course on The Business Builder System™. SIGN UP NOW.
2. Get personal, one-on-one help with growing your business. Accelerate your results with coaching from me and my team. Tell us about your business. CLICK HERE.
3. Connect with our exclusive community of like-minded business owners. Join The SME Coach Facebook GROUP.
4. Are you thinking of starting a business of your own but don’t know how to go about it? Search no more. The Small Business Handbook will guide you through the maze. BUY NOW.