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Do You Have Time To Outsource?

Thursday, July 17, 2014   By Mike Reddy

 

In some of my business coaching assignments I have noticed opportunities to make some relatively low risk changes to achieve some big results. However another thing being a business coach has taught me is that small business owners are, by nature, the last to relinquish control, making outsourcing tricky business.

Avoid the typical rookie outsourcing mistakes made by many business owners.

Realise the difference between projects and outsourcing; think building a website vs. managing a website.

For simplicity’s sake, look into automation in lieu of outsourcing.

Don’t outsource what you can't take on - outsourcing requires management - and can actually create more work.

Outsource projects you can manage, but delegating for expertise or skill-related reasons.


Mike Reddy is a Chartered Accountant, business coach and advisor helping businesses in Sydney, Melbourne, Brisbane and Gold Coast to easily increase their profits and cash flow. He is currently President of the North Sydney Chamber of Commerce, a Regional Councillor for Sydney North East and a member of the Institute of Chartered Accountants Sydney leadership team. As well as advising businesses, Mike presents business development seminars and webinars and is regularly contacted by the media to comment on small business matters. You can connect with him on Facebook, Twitter and Google+.