Owning a small business can be the ticket to success in life. If your business is successful, you can achieve financial independence and all the relief that it can bring in life. It’s a pleasure to not have to worry about money.
But on the other hand, running a small business is heaps of work. Many business owners can burn the candle at both ends, and put in long hours and late nights to ensure that everything is going just right.
But did you know that outsourcing some tasks, such as engaging a franchise payroll agency, can reduce your workload and with it your stress levels?
In this helpful article, we’ll share a small business owner’s guide to outsourcing and you can learn how to save time and money.
Outsourcing Payroll
Paying your employees is a time consuming and at times confusing task for small business owners.
You need to pay your staff correctly, factoring in their hours worked, the relevant industrial instrument such as the modern award, as well as paying towards tax and superannuation.
It’s easy to make mistakes in this process, and nothing will upset your team like not being paid their correct entitlements or wage.
Mistakes can be a headache to fix and could even cost you otherwise loyal staff.
By outsourcing your payroll system, you can relax, knowing that this task is in the hands of a dedicated company that will manage all the ins and outs for you.
Then, you can spend your free time focusing on what matters – strategy, chasing leads and generating revenue for the business.
Accounting and Bookkeeping
Another task that takes precious time and resources away from a small business is accounting and bookkeeping tasks.
Even with software solutions for these, it can take time and considerable effort to keep track of all income, outgoings and all the paperwork that comes with it.
Not to mention come tax time – filing your tax return can be a nightmare.
It is worth considering outsourcing these tasks to a dedicated accounting firm. Many of them can offer both accounting and bookkeeping services.
Sure, it might cost you for this, but the spare time that you’ve freed up can then be spent on creative ways of diversifying your income and getting more clients or customers.
Digital Marketing and SEO
Another time-consuming but essential task in this day and age is digital marketing and Search Engine Optimisation or SEO.
Digital marketing will ensure that your business is displayed to people who could be converted into potential customers or clients. This includes activities such as search engine advertising, social media advertising and other forms of online marketing.
And an SEO strategy ensures that your website will rank organically, or naturally, in search engines, without paying for ad spots at the top of the results.
SEO is a bit of a science, and it takes skill and expert knowledge to do it right.
It is worth the money to outsource both of these tasks to an agency that specialises in them.
The increased amount of leads and increased organic web traffic will often pay for the cost of the agency many times over.
Conclusions
In this article, we’ve shared five parts of running a business that is worth outsourcing. These are:
- Payroll
- Accounting
- Bookkeeping
- Digital Marketing
- SEO
By investing in outsourcing these business activities, you are freeing up valuable time (a precious resource) to grow your business and do what matters to you. Also, some of the activities will directly result in an increase in leads and traffic, particularly the last two. This, in turn, results in more income for you. Good luck out there.
