“Removing Roadblocks on Your Path to Success”
A Case for Outsourcing
Do you often feel like you are constantly paddling upstream, just barely making the progress you would like to achieve in your business? Entrepreneurs are notorious for taking on virtually every component of their business, especially in the early stages, since the majority of entrepreneurs can do different jobs very well. Unless carefully thought out, you can find yourself “owning your job,” and every small task associate with it, rather than being in the position of leading your business.
Over the past month, we have focused on outsourcing. Creation of an outsourcing plan is based on the needs of your business. Consider the direction that certain skill sets and energy should be focused; if adjustments are needed, be sure to make them quickly in order to meet your business goals.
What is Outsourcing?
The term “outsourcing” is broad, but in general it is used to define any task, duty, job, process or function that might typically be performed “in-house” but instead is assigned to an individual or firm elsewhere, typically outside of your office.
One of the reasons many business owners don’t outsource is that they simply don’t have a clear understanding about what is possible or a solid strategy for moving forward with outsourcing. We discussed that in more detail this month in our blog called Outsourcing Strategy – A Focus on Best Practices where we listed the pros and cons of outsourcing, gave insights into what should be outsourced, and provided a checklist for how to most effectively outsource.
Often times, entrepreneurs neglect to realize that even a C-Level executive position can be outsourced. For example, one vital position that can easily be outsourced is the Chief Financial Officer, which could end up being the best possible strategy, especially for a start up, and potentially even moving into the next phase of growth. For more details, see our article on outsourcing a CFO.
Our primary focus is providing you with the most effective outsourcing strategies involving financial positions in your company. Be sure to contact us if you have any questions or need some additional guidance in this process. We are always available to help.
We appreciate your feedback, so let us know what you’ve been enjoying the most in our articles and newsletters and feel free to give us any input about other topics you would like us to explore.
Remember to join us for our next Marin Business Forum this Thursday, June 13th! Our local expert on social media, Karen Clark, will speak on improving your professional and authentic online presence.
Until next month…we wish you great success in your business!
March 2011 Newsletter
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