Benefits of Outsourcing for Small Businesses

New CPA

 

Have you ever considered the benefits of outsourcing your back office needs so you can focus on operations?  Today’s economic climate is competitive and fast moving. Small businesses need to be on top of their game and focused on operations at all times to effectively compete.

Consider this scenario: John is the owner of a $3m construction company. He has 8 field employees and 2 office employees. John’s time is at a premium as he is running in multiple directions building his business. A new job opportunity to build a series of banks is on John’s radar and he has been working the opportunity for months. He has built the relationship, understands the client’s needs and knows he is the best contractor for this job. The week of the final decision, John’s bookkeeper is on vacation. John is in the office working on resolving vendor issues in her absence. While John is on the phone with vendors, his competition is closing the deal with the bank over a game of golf.

Sound familiar?

John is smarter than most. It only takes one time for John to learn from his mistakes. John made the decision to outsource his accounting. His understands the value of his time. Additionally, he wants the comfort of knowing that the experts are handling his bookkeeping. He doesn’t need a full time controller but does need a financial support system that is watching his back and can step in whenever needed.

BENEFITS OF OUTSOURCING FOR SMALL BUSINESS:

  • Control capital costs – Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in the business.
  • Reduce labor costs – The costs related to hiring, training, and cross training are often even more than the salary and benefits of employees.
  • Focus on core business -Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business shift focus from peripheral activities toward work that serves the customer.
  • Reduce responsibility of managers – If your bookkeeper is on vacation, it is not your problem!

At Corbett, Duncan,& Hubly we provide our customers a one stop solution for bookkeeping, payroll, IT services and Human Resources.   Additionally, there are outsourced controllers and CFOs available as needed.

Do yourself a favor and let the experts handle the back office! Focus on your customers!

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