In a home based business, do you do it all? Maybe you’re the President, Marketing Manager, Bookkeeper, data entry clerk, and file clerk all rolled into one? If it seems too overwhelming and you feel you don’t have a enough time to grow your business, it might be time to take a good look at outsourcing some of the things you do.
Start by making a list of the tasks you do over the course of a month in your home-based business. After you make the list, decide whether the outcome of each task has the potential to contribute to your revenue or not. An example of a revenue producing task would be evaluating new product for a drop ship website. The work you do in that example could have a direct effect on producing more revenue for your business. An example of a non revenue producing task would be balancing your bank account. This is an administrative task that must be done regardless and won’t contribute to your revenue one way or another (unless you’re a professional bookkeeper and provide that as a service).
Mark each non revenue producing task on your list and presto! Those are the things that can probably be outsourced. They are the things that are taking up your time but are not contributing to your profit levels. In general, it’s more beneficial for you to pay someone else to do them so your time will be freed up for the things that focus on your business. By the way, tasks that contribute to business growth (such as business planning) also should potentially contribute to revenue.
You may find things that can contribute to revenue but that aren’t worth your time to do. An example would be web design. A good web design will go a long way toward growing your business. But if you don’t have those design skills, it can be a long learning curve for you. In that case, it might be best to outsource the project of designing your website.
You’ll probably end up with a long list of outsource candidate tasks. There may be too many for you to afford all at once. In that case, prioritize them according to how much time they eat (or how much your hate doing them!). Eventually you will want to end up clearing your plate for you doing those tasks that contribute more directly to the growth of your home based business.