How To Create An Outsourcing Budget

Are you a small business owner wondering how to create an outsourcing budget? So many small businesses, whether you are a solopreneur, brick and mortar business or an online business, tell me they don’t have the money. I can certainly relate.

When I first got started, I spent so much time and money on the unnecessary tasks that I didn’t think about how that money could have been used to outsource instead. If I had known then what I know now, it would have made my new business a lot more manageable and less stressful. So I decided to put together a list of ideas to help you find the monies you need to outsource.

First of all, make a list of all the tasks you do in any given day. Write them down for a week and see how much you actually accomplished on your business. You may notice that many of these tasks can be outsourced. Remember, time is money and you are looking for more time.

Do you buy products and services before you are ready to use or implement them? Why not take that money and use that to outsource your business so you can get more done to grow your business? I bet you will find an extra amount of money that you could have spent on outsourcing.

Say to yourself, do I need it or want it? For example, do you need that product or service right now? Are you ready to implement it immediately? If your answer is NO, then you don’t have to buy it yet.

It’s impossible to be an expert at everything. Think of it this way. If you were working a full-time job for someone else, you would not be doing the job of everyone else in the office. You would be working on the tasks that you do best so why not do that with your business? If you are not an expert at WordPress or graphic design, for example, why would you want to spend day after day learning how to when you can get an expert to do that for you?

Start small. Outsourcing doesn’t mean you have to hire someone on a permanent basis. Let’s say you need someone to help you set up your social media or your email marketing. Or let’s say you want someone to make you a PDF form or something small like that. You can hire a virtual assistant to do some small tasks until you have the money hire that person for more hours as your business grows. It also allows you the opportunity to see if the person you hired is going to be the right fit for you too.

Add an outsourcing budget into your business plan. One regret I have when I first started was not knowing that I should have added an outsourcing budget into my business plan. In doing this, you have already give yourself permission to hire someone to help you from the very beginning.

Give up the “control.” When you the right fit, you gain a partner, not someone taking control. For example, most virtual assistants provide support while running their own businesses and want to help their clients get their tasks done. There is a lot to be said for partnering with a good virtual assistant and their team of experts.

There are many more ways to create an outsourcing budget but these ideas stand out the most. After reading these ideas, what can you do in your business to get you started in your outsourcing budget.

You May Also Like