Start Your Startup | What Startups Need to Know about Outsourcing
Stephen Semprevivo is an advocate of outsourcing but when the time is right.
Founders are responsible for a lot of business operations. At a certain point, you will be unable to continue carrying the burden of every single task your business requires. When that time comes, you will have a few options—hire someone in-house or outsource these tasks.
Over one-third of small businesses use outsourcing as part of their business strategy. Here are some things to consider before you decide to outsource.
Common Areas to Outsource
While any task can be outsourced, research from Clutch found that the following areas involving technical tasks tend to be the most common for early-stage startups.
An information technology (IT) outsourcing company can do everything from managing your servers and setting up call centers to developing and launching software. You can instantly add specialized developers and quality assurance (QA) testers to your staff.
Until your company reaches a large enough size, it usually doesn’t make sense to hire an in-house human resources (HR) representative. Many HR companies can handle the heavy lifting of managing benefits, fielding employee questions, and keeping documents secure for you.
Most startups don’t need an in-house finance department. Hire a third-party accountant who can take care of bookkeeping, manage payroll, and get your tax returns ready. It is well worth the extra money to make sure these processes are done right the first time.
The great news is there are plenty of companies available for outsourcing. Do some research before hiring an outsourcing company to make sure they can meet your expectations.
As a successful entrepreneur, Stephen Semprevivo is always looking for new businesses to mentor. If you have an idea for a startup and are ready to take the next steps, apply for the Stephen Semprevivo Startup Scholarship. Two student entrepreneurs will receive a $2,500 scholarship along with mentorship and guidance. Learn more about the scholarship program and apply today. Remember, the best time to start a business is NOW!