Are you choosing between in-house or outsourcing certain projects and tasks for your small business? If yes, you’re not alone, many SMEs are making the same decision. Outsourced work has many benefits some of which include: lower costs, no need for training and management, quality work and more time to focus on company strengths. However, some managers would also benefit from in-house and regular staff.

So how do you know when staying in-house or outsourcing for your small business is the right choice?

Benefits of Outsourcing

When you outsource work, you create extra time and resources. These two provide you with opportunities to expand your business, start new projects, launch a product, train your workforce or focus on what you do best. This makes your organization efficient and productive because of the clearly delineated tasks that each member is concentrating on.

Small businesses need all the help they can get, especially during the first few years. Outsourcing allows you to develop a firm foundation for your small business. You can use this base as a springboard to achieve short and long-term goals. It also allows you to develop and realize an idea which was difficult because your team lacked the skills and experience in certain fields.

Outsourcing bookkeeping for small business owners is a viable strategy. Bookkeeping is important, but if you have a small team you’ll take time off from productive and profitable work. Virtual bookkeepers have the industry experience and skills to do both for you. Other work you can outsource include customer service, marketing and human resources.

Why Stay In-House?

Some tasks are better off in-house because it also has advantages. One benefit of in-house work is that it allows you to control the quality of work and monitor the progress of your workforce. It enables you to rectify errors immediately. It also preserves your company culture and develops strong ties within your team. Implementation of branding is easier if you keep marketing in-house.

When to outsource or hire full-time employees will depend on your objectives. For short-term objectives, outsourcing some tasks is a cost-effective and viable strategy. In-house staff is a costlier option but offers more control and is easier to manage. If you need virtual bookkeepers, you can check out our services to learn more about what we do.