Are you spending so much time and energy trying to be an expert in every aspect of your business that you aren’t enjoying the benefits of running your own company? In this month’s blog, I discuss four professional services your small business should outsource. Fasten your seat belts. This discussion begins with some fast turns around a race track.
Stop Focusing on RPMs – Focus on the Track
This past weekend my husband and I participated in one of those driving experiences. (That’s me pictured in the Ferrari F430). As we received our instructions, the coordinator asked, “Who remembers the max RPM you’re allowed.” A few members of our group answered. “Great. Now forget it,” he responded. “If you know the top speed you hit or the RPMs you reached, we didn’t do our jobs. You’re here to have a fun, awesome experience! Let our experienced drivers who’ll be in the car with you worry about the RPMs. You focus on the driving and enjoy the ride.”
You Can’t be an Expert in all Aspects of Your Business
My day at the track got me thinking about my experience as business owner and the clients I serve through Fournier Accounting and Bookkeeping Services. Over the years, I have found that many of my clients believe they need to be experts in all areas of their business, including marketing, accounting, payroll, staffing, and more. They end up spending so much time trying to manage these details that they end up compromising their ability to serve their customers and missing out on the many benefits of owning a business.
4 Professional Services Your Small Business Should Outsource
Here are four professional services you should outsource so you can focus on running your business:
- Payroll – Hiring an expert to handle your payroll will greatly free up your time so you can focus on other important areas of your business. It will also give you peace of mind, knowing your employees are being paid correctly and on time, and that you’re meeting your responsibilities to local, state, and federal tax agencies. Not ready to fully outsource your payroll? Talk to your accountant or bookkeeper. Many of them, including Fournier Accounting and Bookkeeping Services, can calculate both your payroll and your quarterly tax returns returns for you. You simply write the checks and remit the paperwork.
- Bookkeeping – As with payroll, outsourcing your bookkeeping will free up your time and give you peace of mind knowing your books are well maintained. Your bookkeeper will be able to answer your questions, explain your financial reports, and assist with managing and improving your cash flow. And if they are cloud-centric, you will have real time, 24/7 access to your information from anywhere, on any device, WITHOUT your spending the time updating.
- Tax Preparation – Very few business owners do their own taxes today. Tax codes can be cumbersome and confusing. Hiring the right tax professional will ensure that you remain compliant and pay no more than required.
- Social Media and Marketing – Today, nearly every business has a social media presence. But knowing how to write engaging, informative posts for the right platforms in your industry requires time and expertise. Hiring a marketing firm that specializes in social media will free up your time and ensure that you are properly representing your brand.
Benefits of Outsourcing Professional Services
Hiring the right professional services will allow you spend more time focusing on your overall business strategy and the needs of your customers. Reflecting back to my race car analogy: Are you focusing on the RPMs or the track in front of you?
Accounting and Bookkeeping Services in NH and MA
The professionals at Fournier Accounting and Bookkeeping Services can help you find the right accounting or bookkeeping professional for your NH or MA business. In fact, we serve clients throughout the US. Contact us today!