You started your business. The wheels are starting to pick up speed. All of a sudden, roadblock. You need to hire someone. Or you need to start marketing to keep the sales coming in. Or maybe you’re too busy doing the work in front of you to even start thinking about what comes next. Outsourcing some of your duties can help clear some time so you can focus on what you need to do.
Think of it like sub-contracting for efficiency. You’re basically hiring someone to take care of part of the overall picture. Yes, its another expense and all of us are looking to reduce expenses. But, if it can free you up to produce more and hopefully grow your business, why not?
Fractional outsourcing is also becoming very popular. Many companies have gotten very good at specific lines of business. Fractional CFO/executive-type services have been popping up for a while now, for companies that need help with leadership/direction. Administrative services are pretty common as well, like having a firm do hiring or for hosting services (see previous blog post). And for those that need more help than just payroll, there are full back-end accounting services where you can outsource that whole chunk of your business so you can just watch the numbers and do your work.
Granted, if you’re not ready to take on another expense, you shouldn’t. Outsourcing is great for growth, but if you can handle things where you’re at then I’d say you’re in a good spot already. Don’t dig a hole if you don’t need it. Everyone’s situation is different, so weigh what’s working for you and just check into solutions if a need pops up.
We are planning to bolster our advising and consulting services for after tax season, which already includes back-end accounting and QuickBooks cleanup/advising. More to come on expanded services later this year, so be on the lookout for how we can help. Until then, reach out if you need anything, qbhelp@sorgecpa.com.
Jesse
*Note on the email – Feel free to reach out even if your question is not related to QuickBooks. We currently have a focus on QB related advising/cleanup/et c. but we will be adding services in the coming months and the inbox will be updated accordingly.