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Take Advantage of These Three Outsourcing Opportunities to Scale Your Startup

In their early stagesmost startup companies are forced to operate on shoestring budgets and limited staff. The founders of the startups typically take on the brunt of responsibility, working long hours and serving in several different roles to get the company off the ground and keep it afloat. But eventually, no matter how great of a “hustler” you are, the one-man or one-woman show becomes unsustainable. There will come a time when you need to bring in some help. 

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In their early stagesmost startup companies are forced to operate on shoestring budgets and limited staff. The founders of the startups typically take on the brunt of responsibility, working long hours and serving in several different roles to get the company off the ground and keep it afloat. But eventually, no matter how great of a “hustler” you are, the one-man or one-woman show becomes unsustainable. There will come a time when you need to bring in some help. 

In their early stagesmost startup companies are forced to operate on shoestring budgets and limited staff. The founders of the startups typically take on the brunt of responsibility, working long hours and serving in several different roles to get the company off the ground and keep it afloat. But eventually, no matter how great of a “hustler” you are, the one-man or one-woman show becomes unsustainable. There will come a time when you need to bring in some help. 

In a previous article, we covered four reasons startup entrepreneurs should consider outsourcing their financial back office. As we mentioned then, outsourcing those financial management tasks is a good way to save money and ensure you’re compiling the data you need to make smart business decisions in the future. In this article, we’ll talk about other outsourcing opportunities startup leaders should take advantage of as they start to scale their business. 

Human Resources: Staff up without worrying about the hassle. 

As any business starts to grow, successfully managing its day-to-day operations will require more manpower. For founders, that means recruiting and onboarding the right talent, navigating complicated employment laws, and creating and implementing employee review, workforce training and executive coaching systems. It means selecting and managing an employee benefits package, setting up an efficient and compliant payroll system, and developing benchmarks to track performance. 

Getting the ball rolling on the laundry list of HR-related tasks and responsibilities is a ton of work. Keeping up with all of them daily is even harder.  

By engaging a professional services firm with a specialty in human resources, you’ll gain a trusted partner with years of experience creating the infrastructure your business will need to keep the HR side of your business running smoothly. Your partner will become an extension of your own internal team. They’ll be as hands-on or as behind-the-scenes as you need them to be, and they’ll work with you to develop an approach that will meet your business’s specific goals.  

Technology: Work with an experienced partner to build your IT roadmap. 

Everything moves faster today than ever before. Technology changes every day, and – if you’re not staying on top of the latest trends that impact your business – you run the risk of falling behind your competition. 

One way to outsource your company’s IT responsibilities is to work with your professional services partner to add a Virtual CIO to your workplan. Virtual CIOs will work with you to build a technology roadmap specifically catered to your business. They’ll take on the responsibility of day-to-day maintenance of all your systems, and they’ll be on call to troubleshoot and solve any problems that may come up along the way. 

Cybersecurity: Keep your business safe from 21st-century threats. 

You’ve worked too hard to launch a successful business to leave it vulnerable to cybersecurity threats. Especially if your business, in any way, collects personal information from its customers, building out an in-depth cybersecurity system is absolutely crucial.  

This is another area in which your outsourced services partner can help. 

Your cybersecurity partner will provide you with a team of digital experts. That team will often include either an on-site or virtual Chief Information Security Officer, who will act as your company’s security advisor, helping to manage security risks and ensure compliance with industry standards and regulations, and a Data Protection Officer, who will handle data and privacy compliance issues and respond (when necessary) to data breaches.  

Just in the three areas we’ve outlined in this article – human resources, IT and cybersecurity – we’ve laid out tasks and responsibilities that could support dozens of full-time jobs. For many startups, keeping all those jobs in-house and paying the salaries, benefits and other expenses that come with them is neither sustainable nor fiscally sound. 

Engaging a professional services firm will put all those jobs under one monthly retainer and give you a deep team of seasoned experts who will work with you to accomplish your goals. 

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