Many large businesses and corporations outsource their work to consultants, often because the work-load requires external contractors to step in. Small business owners might not see the value of hiring a consultant, or have a do-it-yourself attitude that makes it difficult for them to delegate tasks to other employees, let alone external contractors. Often, the financial restraints of being a startup or a small business means that people take on many roles and the business simply doesn’t have the budget to stretch to consulting. However, if you are a small to mid sized business owner you will find many benefits from hiring a consultant.
If you find that you spend too much time on small tasks in the day to day running of your business, then delegating to a consultant is an excellent option. Spending your time on tasks that really require your undivided attention instead of menial tasks will free up your day to focus on moving your business forward.
From an expertise point of view, it is unrealistic to think that you know everything when it comes to business. As you business grows you will find it harder and harder to keep on top of everything. Experts in certain areas- finance, IT consulting, tax, and legal matters, are much better equipped to deal with their specific discipline than you are. If you are new to an area within business you can find a consultant for pretty much everything.
The following five areas are where consultants are often used in business:
Accounting
Accounting and bookkeeping services are some of the most required services by small businesses. It’s unlikely that a small business has its own accounting team, so outsourcing an accountant is the sensible option for these businesses. You are able to select the kind of service you require, and the accounting and bookkeeping services can be tailored to you. This includes record-keeping, payroll, paying bills, and preparing accounts.
IT Services
As technology is rapidly evolving, so too will you technological needs. An IT consultant can offer a range of services, from providing IT support with setting up and maintaining computers and electronic devices, cloud computing services, assisting with IT training, and a multitude of other technology services that a company will need at any given point.
Marketing
Marketing can make or break a company. A good marketing strategy drives a company forward, while a poor strategy- or absence of one, will sink the business. Marketing works alongside sales, pushing and promoting the business’s product or service. Marketing consultants are experts in their field and will be able to take care of your marketing needs so you don’t have to.
Human Resources
A high personnel turnaround is a nightmare for any business. The hiring process is costly and time-consuming. Outsourcing HR functions such as recruitment will increase employee retention and save time and money long term.
Legal Services
You can’t cut corners when it comes to legal disputes. Going through a legal dispute is a costly and time-consuming process. If you have a good lawyer available to take over legal issues from you it will pay of in the long run.