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Top things to outsource in your business

If you’re looking to scale your business, finding ways to leverage your time is critical.  Outsourcing your least favourite tasks is a great way to do this.

Things you should consider outsourcing in your business:

1.    Bookkeeping.
Do bookkeeping tasks often infiltrate your evenings or weekends? Does the stress of these tasks piling up occupy your mind? Outsourcing these tasks (and the stress) to someone else can be liberating and cost-effective.

2.    Virtual CFO.
If you find budgeting and forecasting a struggle, a virtual CFO can wear this important hat for you. They will monitor the financial health of your business and provide a fresh perspective which will help you make better strategic decisions and improve your results.

3.    Payroll.
This task is best left to the professionals. Outsourcing payroll will minimise the risk of inadvertently getting it wrong, while saving you time and, most likely, reducing the cost of this task. Utilising a payroll product is another great option.

4.    Inventory management.
Too much stock can cause cashflow issues and affect sales price (due to resulting discounting), but not enough equals lost sales. Outsourcing inventory management can help you minimise stock-carrying costs and allow you to focus on more important things.

Tempted to start outsourcing some of your tasks to free up your time? We can help by taking these roles off your hands! We work with many of our clients in this way, allowing them to focus on what they do best.

While outsourcing takes a little bit of setting up, it is worth the short-lived pain for massive gain. You don’t have to be a jack of all trades. In fact, this thinking often leads to begrudgingly doing many things poorly rather than doing a few things really well – and enjoying doing them!

Work to your strengths, outsource the rest! Need help? Get in touch.

The team at Figuration is approachable and consistently making recommendation for change as our business grows.  I would refer any sized business to Figuration without hesitation, their ability to deliver solution and value in providing bookkeeping services in my opinion is simply outstanding.

-          Jason Grace, Managing Director Grace Beauty Ltd.