Leadership

The Surprising Benefits of Delegating for Small Business Owners

Benefits of delegating

As a small business owner, you tend to add your own personal touch to everything in the business. Yet, delegating tasks can free up your calendar and allow you to focus on the core values of your business once again. As your business grows, so should your team!

If you’re one of the many business owners who bootstrapped your business from the start, you may still think you should be apart of every branch of your startup. Yet, there’s a giant hub of trusted professionals that could take on your least favourite tasks without a worry. While taking this workload off your back, they could potentially get those tasks done faster and better than you and your team could, and for a fraction of the cost.

With the internet constantly booming with new career ideas, there’s an endless amount of trusted professionals right at your fingertips. Not to mention the number of graduates that are going down the freelancer route utilising platforms like Upwork, Fiverr, and Skyword. Not only is everything available by a click of a couple buttons, they’re available at unbeatable prices from all around the world.

Did you know that 37% of businesses that outsource hire in accounting or IT to avoid hiring in-house? Or how outsourcing could save your business up to 60% in operational costs?

The global market for outsourcing was valued at $85.6 billion in 2018 and is projected to continue it’s growth dramatically.

As you clicked on this article, you may be considering outsourcing tasks of your own. Follow Fundera’s flowchart to see if it may be the right choice to tap into your business savings account:

Could Your Business Reap the Benefits of Delegating?
Could Your Business Reap the Benefits of Delegating?

 

About Author

Lauren Clarke is an Australian freelance blogger, who writes on small business marketing, human resources and business for a number of blogs. Outside of writing, she enjoys sampling Australian red wines, and live theatre. Follow Lauren on Twitter.