Posts Tagged ‘Outsourcing’

Hiring Help

You want to grow, and you’ve raised your prices (or don’t want to or can’t). You need to hire help.

I am a big proponent of outsourcing everything you can to other companies, before you make the leap to actually hire someone to work for you. I’ll explain why below, but first, let’s look at the steps you need to take to get another company to help.

Here Are The Steps

1. Make a list of all the tasks in your business that you hate. These are the first tasks you need to get help with. The more time you spend on things you hate, the less time you spend on what you love to do, and are good at. In our perfect world, you figure out a way to spend 90% of your time doing the things you’re best at, and outsource or hire employees to handle the rest.
2. Now that you have this list, are there things on it that other companies could do for you? For many business owners, this list contains the words “bookkeeping” and “administrative tasks.” Luckily for us, there are thousands of other small businesses whose business it is to do this work so you don’t have to. Talk to your accountant for bookkeeper and ask around about virtual assistants. There are many other solo entrepreneurs whose sole business it is to do the bookkeeping and the administrative tasks for people who don’t like them, so those people can focus on doing the tasks they enjoy, like serving customers.
3. Need someone to help with your monthly newsletter? A person to clean your office? Someone to enter your new networking contacts into your database, or send out your postcards? Or even an independent sales representative to help you get in front of more potential clients? Get outside help first.
4. Talk to your other business friends to get recommendations of people/companies to talk to. Because you already have the list of the tasks you hate, you can share it with the people you might hire to help you. Get an estimate from them about how much they’d charge to help. If you don’t know anyone using outside help, try Elance, or the International Association of Virtual Assistants.
5. Look at your revenue and spending. Enter these new expenses into your forecast and see what your new bottom line looks like. Can you afford help now? If the answer is no, how much more revenue do you need to generate to get help? Open a savings account and start saving a little money each month toward the goal of hiring someone to help you.
6. If the answer is yes, you can afford to get help, write a contract (or at least a letter of engagement) with the people you’re hiring. Get specific about the tasks and how and when you want them done. Put in a review process so you both know how and when to talk to each other to make sure things are going the way you want. Say how long you want this relationship to last—maybe you only want it to go for three months so you can re-evaluate.
7. Take the plunge!

Why You Should Try Hiring A Company First, Before You Hire Employees

The point of getting your first outside help from other companies is that the commitment to them is not as strong as it is to someone you hire as an actual employee. You can experiment with them and try different companies or different working arrangements, and God Forbid, if something happens to your cash flow, you can more easily let them go if you have to. Hiring other companies to help you will also give you practice in hiring (and possibly firing), so if the time comes that you need an employee you’ll have some experience.

Have you hired a company to help you? Tell me about it below.

Tags: Change, Outsourcing