Small business owners are some of the most incredible people on the planet. They have created a business from the ground up because they are doing something they are passionate about whether it be operating a restaurant, selling a product that they have invented, or constructing houses. It takes passion to become a successful entrepreneur and many painstaking hours to perfect a craft. On top of all that, they are also business owners – some without any formal education in business.
These small business owners wear dozens of hats a day! They may wear a chef hat, a construction hat, a doctor’s hat – all sorts of day time hats. During the quiet evenings at home they may wear a marketing director hat, a training & development hat, a bookkeeping hat, an operations manager hat, and so forth. All of these hats that small business owners are required to fit into can eventually begin wearing them down to the point of exhaustion and they may even begin making mistakes that their business cannot afford.
There are a few signs that you may recognize in your business, or within yourself, that may point to the fact that…. Maybe it is time to start outsourcing some of your business activities to a professional.
- Productivity May Be Dwindling.
You’re always falling behind with work. You feel like you have more work ahead of you than time to handle it. Perhaps your revenue is not growing at the rate you’ve been expecting or planned it to. You don’t have the time to sit down and analyze WHY it is happening. The mere fact that most of your work day is consumed with day to day activities to the point where you are unable to innovate your business and your strategies for the long term – it is plain to see. You should be outsourcing the tasks you can’t necessarily make enough time for.
2. The Skill Is Only Temporarily Needed or Needed on a Cyclical Basis.
Sometimes, business owners come with the idea that maybe they should hire a “jack of all trades” type of person. Maybe hire a manager who is capable of wearing all of the hats that they do not want. While this may seem like a good idea on the surface, it may not be all that it was planned to be. Getting your managers to handle situations or do tasks that make them uncomfortable (or in their job scopes) may place a ton of stress on them, and can ultimately distract them from performing their primary job functions. Hiring multi-faceted individuals is a great idea, but, hiring an expert on particular subject matter may actually be the most desirable, cost and time effective choice out of them all.
3. Aspects of Your Business Are In Trouble
You may have a team that are handling a wide variety of tasks for you under the company roof. But that doesn’t mean that they are taken care in a way that is satisfying your client’s expectations. You may notice that these great employees are struggling to reach your company and client’s standards. This indicates that outsourcing the work to a professional who specializes in that area would be of considerable benefit to your employees. They will be just as relieved as you are that these difficult and time consuming tasks will be taken care of for them and leaves them the time to crunch down on some impactful work for the company.
“The key is not in spending time, but in investing it.”-Steven R. Covey