Katie Conroy of advicemine.com
Photo by mentatdgt from Pexels
As a small business owner, you can sometimes have the mentality that you need to do everything yourself — this is your business, after all, and you are the one who knows how to get things done. At the same time, you shouldn’t do it all alone. For one, doing everything yourself is a quick trip to burnout town. For another, you don’t have to do it by yourself. You need to find the balance between being in control of your company and its future and knowing that there are certain tasks that will be better left to the professionals.
Here are a few things to consider outsourcing as you continue trying to find that balance:
There are some things you should do by yourself. Filing your own taxes is not one of them. Questions about tax codes, business tax topics (e.g., what are pass-through taxes?), and what kind of records you need to be keeping are all best directed at your tax professional. You can also receive key tax advice and be sure in the fact that your taxes won’t have costly errors.
The way your business is formed will determine your personal liability, how your taxes get paid, and other important details that you don’t want to neglect. You can absolutely do this work on your own — but there are online LLC Texas formation services that can help you form your business so that you know you’re doing it right. These services file all the necessary paperwork and help you save both time and money — both resources you can never have enough of when running your own business.
Freelance marketing and design consultants offer a great resource to business owners who don’t have the necessary background or knowledge to get their business on the map. The field is one that requires constant learning and no small amount of research. For instance, a lot changed for marketers in 2020 during the COVID-19 pandemic, and marketing experts have had to do a fair amount of pivoting as things continue to change. Hiring a freelancer to handle your marketing and design tasks could save you a headache later.
Likewise, here are a few things you can retain control of in order to make sure your business is innovating effectively, acting on decisions properly, and getting your name out there:
Project management software offers an easy way for you to stay on task, on budget, and on time. You can make your own projects, and make sure they get delivered on time, by investing in project management tools like Airtable, Asana, or JIRA. You could hire a project manager, but this part of the job you can take care of yourself.
This is your business — own it! Don’t be afraid to ask for input from others, but retaining the majority of this function for yourself is a good idea, especially if this is what sets your company apart from others.
As a small-business owner, your brand is sometimes inextricably linked to your face and persona. Outsourcing your customer service function to a call center may sound financially like a good idea, but it may not pay off in the long run if that causes you to lose loyal clients.
You know what’s best for your business, but it doesn’t hurt to get help every once in a while from experts who know their fields in and out.
Are you ready to consider talking to a peer advisory group? It’s time to take your business to the next level and make better decisions for your company, your future, and your well-being. For your 15-minute consultation, get in touch with the peer advisory experts like Ed Stillman at Vistage Austin today.