When you first set up your own business, you tend to outsource a whole lot of your work. It makes sense! You’re still getting used to how things work and don’t necessarily want the pressure of taking on multiple full time employed staff members when you’re still testing the waters of your area of commerce. However, as time goes on and you start turning over more profit, you’ll notice that you’re pouring more and more cash out into third party companies and individuals to carry out tasks that you may actually be able to do yourself. So, here are a few different ways that you can really take control of your business back into your own hands. It’s time to ditch outsourcing!
The reason that many companies outsource their manufacturing is that they don’t want to invest in relatively expensive equipment of their own to create the products and goods that they want to sell.
This is logical when you’re starting out – after all, you don’t want to invest in expensive equipment only to find that the product doesn’t sell and you’re left with a whole load of useless stock and machinery. Depending on the products you’re selling, and their volume, you might go down a made-to-order route, or consider utilizing a dropshipping model to run your product fulfillment
But if you experience success and have confirmed that there is demand for what you’ve designed or created, then you might as well invest in your business. This will save you a whole lot in the long run, as you can produce all of your wares on site to your own schedule and. This also gives you more control over the quality of your final goods and means that you can be a bit more lenient, subtly changing designs as you go along.
Consider purchasing equipment such as belt conveyor systems, your own printing machinery or other equipment that will help you run your business without relying on others (and don’t forget a lot of items will be available second hand). This will also speed up your production, meaning that you can create goods and get them shipped out to the buyer in as little time as possible.
Taking on employees can be a daunting process. It’s not all too surprising that business owners who are taking on staff for the first time try to alleviate as much responsibility and pressure from their shoulders as possible. Alongside interviews and staff training, they may opt to hand responsibilities such as payroll over to an outsourced agency or company. This means that staff are all paid on time however, as you settle into your role as an employer, you may find that it’s cheaper to actually employ someone as an in-house member of staff to carry out payroll for all of your employees.
Often, you can find someone to fill this role alongside another role, such as HR, as processing payroll doesn’t actually take up the necessary hours for a full-time position in and of itself. Alternatively, the person dealing with payroll could have a part time position within your company, coming in on one or two designated days of the week rather than each and every working day.
Secretarial & Personal Assistant Duties
You may think that it’s more cost effective and efficient to have a Virtual Assistant running your calendar, answering basic email enquiries and handling your social media and website however depending on your business type, the learning curve can be quite steep and it’s not as easy to converse if someone has a question or needs some help.
Being able to have almost instant access to your assistant can really boost your productivity, free up your time managing them, and also allow your P.A to manage more duties than a virtual assistant may be able to handle.
These are just three areas that can help you to take back control over your own business! There are plenty more out there: wherever you’re outsourcing, analyze the benefits and weigh them up against the financial costs. This will make the decision of whether to bring certain processes back in-house much simpler.
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