by: Sidney Liquigan
Thursday, November 9, 2017 |
To cut costs and achieve target returns on investment faster, entrepreneurs and startup companies tend to take on multiple responsibilities at the same time. Juggling tasks among your small team can help save you from additional overhead expenses, but it can damage your productivity. Handling back office processes such as accounting, recruitment, and management are time-consuming; these can take your focus away from growing and expanding your business.
A proven effective and cost-efficient solution for entrepreneurs and startup companies is to outsource some business processes. Offshore outsourcing providers will help your small business grow by having your back office processes handled by highly skilled specialists, allowing you and your startup team to have more time to excel in your respective capabilities.
What are the areas in your business that you can and should outsource?
Accounting is both time-sensitive and time-consuming. Financial processes, such as payroll, should always be done accurately and on time. Making a mistake can also cause serious damage to your business. Outsourcing firms hire qualified F&A professionals who are trained in international accounting standards to handle your accounting and bookkeeping tasks.
Startup businesses deal with a lot of administrative tasks. Improve your productivity and get administrative support from outsourcing providers. Hire outsourced virtual assistants that will handle tedious tasks for you, from calendar management, email correspondence, and document formatting to data entry and processing, transcription, and research.
Human resources management includes recruitment, employee retention, and employee management. All these can be outsourced to a third party provider and done remotely. Outsourcing firms can help you with finding and screening candidates, employee file administration and management, compensation and benefits, and other clerical work.
Lead generation is essential to startups as this is where you can gain potential customers. Therefore, it is best to leave it to experts who have the right knowledge, skills, and resources to do it for you. Telemarketing is an effective way to generate leads and boost sales. Outsource your lead generation tasks to telemarketers who have a good understanding of the market and know how best to sell your product or service to the audience.
Small businesses and startups can greatly benefit from the internet through a strong online presence. Establishing your online presence is more than just setting up an account in social media networks and having a website. You should also know how to utilize the platforms effectively. Outsource online marketing tasks such as search engine optimization (SEO), search engine marketing (SEM), and social media marketing to offshore SEO and SEM strategists, analysts, and social media specialists who will dedicate their time to making sure your website, online campaigns, and social media content and engagement are well-managed, optimized, and communicates your message effectively.
MicroSourcing is one of the leading BPO providers in the Philippines. We help small businesses streamline their processes at affordable costs. Our services come with all the assets, resources, and support that will help increase your flexibility and reduce your costs.