10 Things Early Startups Should Outsource Completely

When you’re starting up, there are a few things that just make more sense to outsource.

Question: What's one thing -- payroll, appointments, marketing -- young startups can outsource completely?

Question: What's one thing -- payroll, appointments, marketing -- young startups can outsource completely?

Appointment Setup

"We use a software company called TimeTrade to handle nearly 100 percent of appointment scheduling. Prospects and customers can use a specific page to set up an appointment that works with their schedule, and it cross-checks the time to make sure that the person requested on our team is available. If all checks out, it handles the communication both ways and ties into our CRM to record the appointment internally."


Bookkeeping

"When we were first getting started, one of the most helpful contractors we found was a bookkeeper. She stopped by once a week and handled all of our payables & receivables. This was a huge time-saver and worth every penny. "


Digitized Tasks

"We run a completely remote company. We have employees in nine different countries, and we wouldn't run our company any other way. If something can be digitized, then you should find the best person in the world to do it -- not just the best person in your local area. With that in mind, any daily recurring tasks that don't require your input are the best places to start."


Accounting

"CEOs need to focus on the first and best use of their time and delegate or postpone everything else. Too many CEOs think that it’s cheaper for them to “pick up” the seemingly easy task of accounting when, in reality, time and money are wasted in several areas. There are simply too many chances for things to go wrong. As a result, efforts yield very little return. "


Receptionists

"With smartphones and an inexpensive call-forwarding service, entrepreneurs can completely bypass the expenditure of having a full-time receptionist. "


CFO Services

"In addition to outsourcing your day-to-day transaction accounting, it also makes sense to hire an outsourced CFO to help with the bigger financial picture. Doing so will afford you the kind of strategic financial guidance you need to build a successful company. An outsourced CFO can help with financial plans, budgeting, forecasting, fundraising, pricing, cash burn analysis, M&A and so much more. "


 

 

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10 Things Early Startups Should Outsource Completely

When you’re starting up, there are a few things that just make more sense to outsource.

Question: What's one thing -- payroll, appointments, marketing -- young startups can outsource completely?

Question: What's one thing -- payroll, appointments, marketing -- young startups can outsource completely?

Appointment Setup

"We use a software company called TimeTrade to handle nearly 100 percent of appointment scheduling. Prospects and customers can use a specific page to set up an appointment that works with their schedule, and it cross-checks the time to make sure that the person requested on our team is available. If all checks out, it handles the communication both ways and ties into our CRM to record the appointment internally."


Bookkeeping

"When we were first getting started, one of the most helpful contractors we found was a bookkeeper. She stopped by once a week and handled all of our payables & receivables. This was a huge time-saver and worth every penny. "


Digitized Tasks

"We run a completely remote company. We have employees in nine different countries, and we wouldn't run our company any other way. If something can be digitized, then you should find the best person in the world to do it -- not just the best person in your local area. With that in mind, any daily recurring tasks that don't require your input are the best places to start."


Accounting

"CEOs need to focus on the first and best use of their time and delegate or postpone everything else. Too many CEOs think that it’s cheaper for them to “pick up” the seemingly easy task of accounting when, in reality, time and money are wasted in several areas. There are simply too many chances for things to go wrong. As a result, efforts yield very little return. "


Receptionists

"With smartphones and an inexpensive call-forwarding service, entrepreneurs can completely bypass the expenditure of having a full-time receptionist. "


CFO Services

"In addition to outsourcing your day-to-day transaction accounting, it also makes sense to hire an outsourced CFO to help with the bigger financial picture. Doing so will afford you the kind of strategic financial guidance you need to build a successful company. An outsourced CFO can help with financial plans, budgeting, forecasting, fundraising, pricing, cash burn analysis, M&A and so much more. "


 

 

See Also: Using Creativity to Build and Improve Your Business

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