Growth and increased profitability are undoubtedly prime targets for companies of all sizes worldwide. However, modern entrepreneurs have to stay on top of many tasks, which can quickly overwhelm them if they insist on doing this alone. Therefore, outsourcing has become popular among enterprises, which rely on this tactic for various great reasons.
Outsourcing means subcontracting your non-core business operations to third-party specialists, ensuring that you can focus on the activities that matter most. Small businesses looking to grow can rely on several beneficial providers to achieve their aim. Here are four essential outsourced services you should consider to scale your enterprise.
1. Legal Services
The legal aspects of operating a business are typically the first function many enterprises outsource for good reasons. Lawyers will come in handy when making crucial business decisions since you can readily consult them before pursuing any course of action that could have legal ramifications. Your attorney can assist you with setting up or changing the terms of a corporation or partnership, ensuring compliance with regulations in new areas where you intend to expand and with tax planning. Additionally, a great business lawyer can help you prepare buy-sell agreements, negotiate and draw up documents to purchase or sell other companies, obtain patents or trademarks, among other services. Therefore, consider hiring a trusted lawyer to help you establish a solid legal foundation and prepare for growth. Distinguished litigators such as Malliha Wilson can handle these concerns.
Malliha is a Tamil Canadian lawyer who served as the Ontario Government’s Assistant Deputy Attorney General, the first visible minority to occupy this office. She finished her Bachelor’s degree at McGill University in Montreal, Quebec, and completed her law degree at York University’s Osgoode Hall Law School. Wilson worked with the Government of Ontario in the role of Senior Appellate Litigation Counsel for over three decades, participating in more than 20 noteworthy cases at the Canadian Supreme Court and Ontario’s Appeal Court. She also served as the Investment Management Corporation of Ontario (IMCO)’s special legal advisor. Additionally, Wilson was part of the Tamil diaspora team that kept UN Resolution 40/1 in place at the UNHRC, ensuring the Government of Sri Lanka’s accountability. Presently, Malliha is Nava Wilson LLP’s senior counsel, specializing in indigenous, constitutional, human rights, corporate and labor law, and other complex litigation.
2. Digital Marketing
It’s common knowledge that digital marketing has become essential to business operations across multiple industries. Companies rely on SEO, blogging, video marketing, reputation management, and other core aspects of digital marketing to promote themselves. However, many small businesses lack the in-house expertise necessary to handle and keep up with the ever-changing world of digital marketing. Therefore, outsourcing to an expert is the way to go since you can benefit from their expertise and save time and money. Additionally, digital marketing experts can improve your bottom line and boost your visibility. Since visual content is essential in promoting your products and services nowadays, you can also invest in professional photography services to boost your digital marketing efforts. Renowned creative agencies such as COLDEA Productions, will come in handy when seeking great professional photographers to capture your product photos.
COLDEA Productions is a Southern California-based creative services company specializing in video content production and commercial photography to help a wide range of professionals and brands enhance their visibility. Their product photography offerings assist businesses in taking quality product images that have maximum impact on their online stores and social media. Hiring a professional for this task is preferable to giving employees product photography tips and expecting them to capture great product photos using smartphone cameras. A professional photographer has a better understanding of when to use artificial light versus natural lights, white backgrounds, the best ways to stage your photos to get the right angles and image quality, and other particulars. This way, you can obtain great photos for physical sales materials and internet marketers alike. Furthermore, they offer professional videography services besides commercial photography, catering to multiple clients across diverse industries, including technology, manufacturing, healthcare, and financial services.
3. Financial Management
Keeping precise records of all your financial transactions in an organized manner is undoubtedly essential to business. However, bookkeeping is a time-consuming and often difficult activity, especially for the inexperienced, and neglecting it can have severe implications for your company’s future. Therefore, the ideal solution is outsourcing your enterprise’s taxes, payroll management, and other bookkeeping activities to a qualified third party. These days, you can also use several cloud-based accounting software products to automate many bookkeeping activities and make your job easier. Reliable cloud-based accounting software providers, such as SmartPayables, can help you find the best check writing and mailing services for your business needs.
SmartPayables provides a broad range of accounts payable payment solutions for companies of all sizes. They accomplish this by offering innovative and secure technology that enables their clients to outsource their check payment, mailing, and document printing needs. Their online payment processing, invoicing, mailing, and check writing services cater to all your payment processing needs. Consequently, you can improve your record-keeping and bottom line since you can focus more on core business instead of regularly writing, printing, and mailing checks yourself.
4. IT Services
Information Technology has leveled the playing field for modern-day enterprises since anyone can leverage IT solutions to become competitive in the marketplace. However, it’s generally best to outsource your IT services, whether you’re tech-savvy or not. Great web building and design, app design, and cybersecurity can help you scale if managed by great IT professionals. To make your enterprise more productive, you can also consider adopting the OKR framework, ensuring that you can realize key company objectives. Objectives and Key Results (OKRs) is the brainchild of Andy Grove, who trained John Doerr, a venture capitalist at Kleiner Perkins. Doerr introduced the concept to Google, whose co-founder, Larry Page, credits a significant part of the company’s growth to Objectives and Key Results. Today, the OKR system is employed by leading tech organizations like LinkedIn, Uber, and Microsoft.
Outsourcing can make running a business more convenient for today’s entrepreneurs. The points above are four outsourced services worth considering to help your business grow.