Take a Load Off
Weighed down by a ton of duties? Maybe it's time to outsource some of that work.
During the startup phase, you wear every hat under the sun-you're president, marketing manager, maintenance crew and accountant. As your company grows, you'll have to delegate and outsource some of those jobs, but how do you decide when it's cost-effective to outsource some of your daily tasks?
There's no exact equation to determine the right time, says Jeff Bolton, a partner at Daszkal Bolton LLP, an accounting firm in Boca Raton, Florida. "Before [an entrepreneur] is willing to analyze what to outsource, they need to analyze what they do best, and how much time they spend on what they do best," he says. "If somebody's an outstanding technician or salesperson or creative person, we want them to spend the most amount of time in those areas."
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!