Home: Message List - What will you outsource in 08?

Re: What will you outsource in 08?

Elite1 — Thu, 20 Nov 2008 04:06:08 GMT

I may be willing to help you with your bookkeeping projects. Please tell me a little more about your business. I didn't see anything in your profile. I may be reached at: efservices1005@qwestoffice.net or (928) 428-7777.

Note to all: Please do NOT use my information for spam. Thank you.

Re: What will you outsource in 08?

Elite1 — Thu, 20 Nov 2008 03:57:16 GMT

I just bought out an existing tax preparation business. I have been a single-person operation (with a secretary). The volume of my clientele will triple since my acquisition. I have decided to outsource everything out of my areas expertise..down to scrubbing the toilet. I believe you should do what you are good at and leave the rest to those who are good at what they do.

Here's a hypothetical example: Say you make an average of $100/hour in your field. Your accountant makes $50/hour entering your bank statements, etc. Most likely, it will take you 3 hours (or more) to complete the accounting project that it would take your accountant one hour. If you were focused on what you do best, you could have been making $100/hour. So, doing the work yourself actually cost you an extra $250. $300 ($100 x 3) potential income less $50 accounting bill.

Tanya
Elite Financial Services, LLC

Re: What will you outsource in 08?

da1969 — Thu, 20 Nov 2008 01:37:57 GMT

I had the same issue...no time for anything, not even to focus on really growing my business, which is why I hired a virtual assistant service....best decision i could have ever made! Thanks to Achieve Virtual Assistant Services @ www.achievevas.com, I am not bogged down with administrative type tasks anymore....

Re: What will you outsource in 08?

designer — Thu, 22 May 2008 16:15:37 GMT

If you are a control freak like me, it is very hard to delegate and outsource. I once asked a young lady to do the simplest thing for me like address business postcards, stamp them, and pop in the mail. I took a look at some and just wasn't thrilled with her handwriting. I know it sounds silly - - -in one respect, I felt great that I was helping support a high school student, but the work wasn't A+ and as perfect as I would have like it and it didn't please me. It is very, very hard for me to outsource anything.

Re: What will you outsource in 08?

jnees1023 — Mon, 19 May 2008 19:21:57 GMT

I invite you to take a look at my website for more information on how outsourcing can be beneficial in saving time, money and sanity!

Sincerely,
Jackie Nees
Integrity Office Solutions
http://www.integrityofficesolutions.com

Re: What will you outsource in 08?

cajawahar — Wed, 14 May 2008 10:17:26 GMT

dear u can outsource the following things

.1- Accounting (enter vouchers and bank statements in QuickBooks)
2. Legal work (get company incorporated; do legal documentation about various resolutions and filings etc.)
3. Research work regarding customer acquisition
5. Recruitment - getting people to join me
7. Coordinating with software vendors

Personal

2. Lot of small administrative work like looking for a carpenter
3. Looking for tutors

if you are interested to a long term contract with us, you are welcome

Re: What will you outsource in 08?

Lighthouse24 — Mon, 28 Jan 2008 06:15:07 GMT

Spartan, in response to "the learning curve could be so long that a business may not want to invest time though folks in the company may want to do it" -- that's true for most companies, but I understood you were asking members about our own outsourcing plans for the year.

As a consulting firm, if we have a business need for it, our clients generally do, too. So the knowledge we gain from doing it in-house (and having someone here gain expertise at it) has value well beyond its cost/benefit to us. Also, in small companies like mine, advancement opportunities can be limited -- so when an employee wants to learn a new skill that adds value, allowing the person to do so usually IS efficient because the employee is more satisfied and making a greater contribution, and it costs less to hire and train someone to fill whatever basic job that employee used to have than it would have cost to hire/outsource the new expertise we needed. (You're right, though -- the frequency with which I authorize and encourage that is probably unusual.)

Re: What will you outsource in 08?

DomainDiva — Sun, 27 Jan 2008 13:39:57 GMT

First of all it looks like you are just disorganized. Start making a daily to do list. If something gets added put it at the bottom.

Quickbooks? Set aside one day a week to do books. Keep three file folders..in...out...limbo and use them. Put all the bills and statments in the in folder and one day a week (I use Wednesday) do the books and bills. Lots of times I pay online and then put the bill in the folder to enter in Qbooks.

All the business work you have mentioned you need to prioritize and then tackle each item one at a time. Keep a notebook to make notes on the other items when you think of something but it seems that you are letting yourself get distracted. By the way...also take time to go online to the credit bureaus and make sure your credit history is correct. You can dispute online and they will respond.

Obligations to close relatives? Like what...are your parents incapacitated? (I am exclusing obligations to children here for obvious reasons). Or is there a horde of vampires leeching the lifeblood and money out of you? Are you one of those people that cannot say "No?" and end up tired, frustrated and worn out? It's OK to tell the relatives No, if you don't believe me ask Dr. Laura.

You can outsource the accounting and legal work thats what these people are there for. But if its your business you are going to have to start drawing the line somewhere and ask yourself what really is important....everyone elses problems or your priorities.

You may want to do meal planning and shop from that list. Keep the list on the fridge and do not deviate. Keep one night open for take out/pizza.

Theres a book called "Getting Things Done" that may be of some help as well.

Re: What will you outsource in 08?

Outsource — Sun, 27 Jan 2008 13:00:18 GMT

I think being a business owner can take a toll on people(business owners) specially if they dont get the proper support system that they need (professional or personal). I think you should;

1. Assess your business and personal standpoint.

2. Pinpoint the stressors

3. Prioritize your task, e.g. what task is worth outsourcing? what task you should do yourself, etc.

4. Once you evaluate business and decide what task you should outsource then plan on HOW are you going to outsource these task without causing you a fortune.

5. Once you are done planning, then implement your choosen intervention.

6. Then evaluate if your plan is working

Assess, Diagnose the problem, Plan your intervention, Implement your plan and EVALUATE your plan!

Goodluck!

Outsource
www.thinkwis.com

Re: What will you outsource in 08?

SpartanWarior — Fri, 25 Jan 2008 03:15:20 GMT

Thanks O'Gee. I appreciate your reply.