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Entrepreneurship / Outsourcing / Virtual Staff / Business Tips

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Top 5 Large Companies that were built with Outsourcing. Did you know that some of the well-known and well-talked about websites/companies today were built with outsourced services? Alibaba The giant e-commerce company that is based on china headed by Jack Ma. Opened its doors on outsourcing when they began building the website. They’ve hired people in the US to start its development, and in just a few years, Alibaba grew from a startup dream to an e-commerce powerhouse. Slack Founded in 2013 by the co-founder of Flickr, Stewart Butterfield, Slack is a messaging app for the organizational workplace. Slack has now over a million users and is now valued at $3B according to reports. Skype The peer-to-peer instant messaging, voice and video calling app Skype was founded by the Swedish Niklas Zennström and Danish Dane Janus Friis in cooperation with their Estonian outsourced team.

Github Github can be dubbed as the Holy Grail for coders and developer collaboration. AppSumo AppSumo is a website for distributing web apps. Bookkeeping or Accounting? Which would you Outsource? For non-accountants, there will be a common confusion between Bookkeepers and Accountants job. Technically, both of them are involved in the whole accounting cycle, from record keeping, to financial analysis of the business. But do not confuse yourselves, both of these fall under different methods and process. Especially those who are thinking of outsourcing bookkeeping or accounting. Bookkeeping is the groundwork of the organization’s accounting cycle, bookkeepers handles the daily financial transactions, from receipts, sales and payments.

Everything is being recorded in a chronological manner on journals, ledgers, or bookkeeping software. Bookkeepers may be non-accountant graduates, but are trained with data-entry tasks and have gained experience throughout their career. On the other hand, accounting is another story. These records hold the key to the organization’s financial success. Offshore Outsourcing for Company’s Finance and Accounting.

Finance and Accounting plays a major role in any business size. Accounting department tracks the financial ins and outs across the whole business operations like taxes, payrolls. Tracking if the business is doing well or not, just by studying the metrics. Your accounting will help you determine the longevity of your business or company, their service is very crucial. And accountants do not come cheap. Why Do Companies Outsource Their Accounting Process? It’s Cost Effective Accountants that work from home, or coming from outsourcing companies come way cheaper than hiring in-house or part-time employee that will be paid daily, given benefits and bonuses, and paid vacations thus doing the same tasks of an outsourced employee.

Time Efficient Outsourcing accounting tasks saves you time for your business, you can now spend more time working on other important tasks that would add up to the revenue of your account metrics. Professional Services Access to New Software and Technology. 5 Tasks Entrepreneurs Should Outsource. Web/Internet Researching We all know this is a tedious job, scraping the web and turning it upside down just to get different information, updates, news, trends, and statistics of different industries or topics. A virtual web researchers can do all things with the use of various tools that they are already using or they can do it manually with some strategies that they developed along the way that makes things a lot easier. Accounting As a business owner, the numbers talk all the way. There are virtual outsourcing companies which focus on accounting and taxation with highly filtered professional employees that would help you with your financial needs.

Content Writing and Social Media Management Having the right content will boost your marketing efforts, whether you focus on blog creation, website content, article marketing, new letters, these all can impact your marketing efforts on the web. Graphic Designing and Website Development Administrative Tasks Is your inbox full of email messages? Why Startup Companies Hire Virtual Assistant. Startup companies and business owners often experience burnouts when starting out. These people practice extreme multi-tasking to build the foundation of their business. Delegating work to other staffs is crucial to increase productivity and focus, but as an owner the problem would be moving the tasks and distributing them to the right people.

Hiring the right person is a vital factor to consider, weighing the skills, the knowledge, the attitude, and the cost. If you are going to additionally hire a person that would work within your space might cost you more than you think. That is why startup companies are going virtual, hiring the right kind of virtual assistant that would help them build their business. Virtual Assistants’ Expansion With the help of technology hiring has been easier than before. The practice of virtual staffing is now growing worldwide, and many companies embrace this shift of hiring virtually. When should you hire a virtual assistant? 1. 2. 3. 4. How to Know If you’re hiring the Wrong Virtual Assistant? So you’ve hired a virtual assistant, maybe this is your first time or maybe not. Among the large numbers of virtual assistants, how would you know that you’ve really hired the right one? At first, this hiring process is a little bit worrying and I would agree with it.

Considering different skills and functions of each virtual assistants to find the best fit for your business. Unfortunately, among the many there will be times that we might hire the wrong ones. There are many virtual assistant jobs in Australia, US, Singapore, UK, and other countries. But how would they know that they’ve hired the wrong person for the virtual job? You’re Hiring the Wrong VA if: They have limited to no experience Let’s take it, a good virtual assistant does not need to be a “know it all” in every section of your business. They lack the proper skills Aside from the experience of work, skills are another important factor of a job. They are poor in communication They don’t follow instructions. Finding the Right Virtual Assistant in Australia. Are you an entrepreneur or a business owner that is based in Australia?

Having your own business is a tiring process, even though there are internal staffs in your office working for full-time tasks that keeps the business moving, once a new project would enter; you will need people to work on it. Unfortunately, you would not want your full-time employees to be disrupted on their tasks. This is where hiring new people would come in, or consider hiring virtual assistants in Australia for this manner.

There are many dedicated staffs and agencies of Virtual Assistants in Australia that offer professional services on any sectors your business need, from accounting, digital marketing, bookkeeping, transcriptions, appointment setting, and many others. Through these pools of professional talents, finding the right virtual assistant would not be a problem anymore. Consider all your requirements for the tasks that you need to designate. Hardworking. Independent. Decisive. Trustworthy. How Outsourcing Helps Small and Medium Businesses. Many companies do not really understand the benefits of outsourcing tasks. Many would think that it is hard to delegate the tasks to employees that are outside the office because they do not know their full capability and if they can really do the task.

People in the outsourcing industry are professionals, they are well educated, experienced, and are from various industries like IT, accounting, engineering, communications, and many more. What are the Other Benefits of Outsourcing Professionals? Efficient Productivity. Companies that prepare all the necessary work themselves are having a huge expense risk of research, development, and infrastructures. Outsourcing these work will leave most of the necessary structures to the outsourcing providers, thus reduce the cost on your side. Reduce Employee Cost. Gets the Job Done Faster. Focus on more important business goals. Support and Stability. Should A Business Owner Hire A Virtual Admin Assistant? Most of the time entrepreneurs start the business of their own, they will do all the tedious work from paper works, marketing, advertising, appointments, even accounting at some point.

But as the business grows, more time is being consumed towards other things, that one person cannot bear the load needed to accomplish everything. This is the time that as an entrepreneurial startup you have to hire someone directly or better go with outsourcing. With all these busy tasks and schedules you preferably need someone to remind and work for you if you’re not around, which a personal virtual admin assistant aim to do for you. What Are Virtual Admin Assistants? Virtual admin assistants are professionals that are offering services that varies from administrative works for different employers or client. Some personal VA’s have more than one clients that are being split up through the day. What Can Virtual Assistants Do For You?

How Much Does It Cost When Hiring A Virtual Assistant? The Cost Cutting Methods to Save Your Company Money. 1. Outsource less essential tasks. For small or huge businesses thinking of cutting employee cost on salary, space, taxes, training, etc. the best way is to outsource some of your tasks locally or to offshore staffing services for simple or short-term tasks. Don’t worry about the employee talent, there are lots of freelancers in the pool with high talent that cost lesser than regular in-house hire. 2.

Make use of the cloud. Having a huge data center for your business can cost a fortune. 3. 4. 5. 6. 7. 8. 9. 10. Analyze which of these options will suit your company best. How to Start Outsourcing for Small Businesses. How Remote Working Benefits the Business. If you’re going to ask a regular employee or an office worker on what are the hurdles and hassles of a morning during working days, you will not be surprised if you’re going to receive a feedback about commuting. Well, does anyone wants to commute going to work on the first place? Facing a traffic jam, car horns, dust and smokes, trains fill up easily that you can’t even move freely and then you’ll will arrive the office, haggard, what an experience to start a day in the office.

So how would remote working help with this productivity problem? A Freedom For Your Productive Workspace Having a freedom to find where you can work more productively is also a big benefit for the employee. They will not be sitting around for 8 or 9 hours in a cubicle with a computer in front of them.

People are now looking for a place where they can move freely and which can boost their creativity and productivity as workers. Is it a special place at home? Lessen The Water Cooler Chats. Why Outsourcing Is Becoming Popular For Australian Companies. Australia is known as a First World Country, where there is an exponential growth in politics and economics and business growth are up the scale.

With fast emerging businesses the need for more workforce is a must, and companies are competing with large amount of salary wherein the average rate is up to $15 - $20 per hour. If you will be needing employees with such skills and expertise, you would need to pay a higher rate, if you’re a business that is starting up or would like to increase a decent amount of workforce you should have a deep pocket. Considering these factors, Australian companies consider outsourcing the workforce for their businesses.

Imagine the rate of $15 - $20 as a regular rate, compared to just $7 - $10 per hour virtual assistant services rate of a highly skilled professional that will be very willing to be working for you. What are the other great benefits of outsourcing staff for your business? More flexibility with your time. Why Is It Beneficial For Companies To Hire Virtual Staffs. As entrepreneurs or owners, time is the most essential investment that you can give your business. Focusing on the big projects like scaling your business, getting more leads, or creating new business opportunities to grow your earnings.

The Things that will eat your productivity on your business: Tasks that you hate doingTasks that you can do but there too many of themTasks that eat your time researchingTasks that needs special skills What are the tasks that you should consider outsourcing? On large businesses you cannot give your virtual staffs the projects that will make or break your company, the projects that really generates your income. What should you consider on hiring your virtual staff? Skills – Even though they will only be working on small tasks, you wouldn’t want just any staff that will need continues supervision just to make things done. Things to Consider When Outsourcing a Remote Staff Team.

Hiring is a crucial part of any businesses, every employee that will be hired will be a part of the success or failure of any company. That is why when hiring the right people there are certain criteria to filter which applicant will suit you best. But today companies are starting to hire virtual staffs or considering remote staff outsourcing to build their teams. In countries that there are low workforce in the digital industry or high cost services, outsourcing is the best way to go. There are lots of startup businesses that offers outsourcing services to cater the needs for staffing. What are the best practices when building a remote staff team?

1. Consider your time difference The difference in time is a factor to consider when you hire a remote staff, whether you consider it working with them at the same time or you would like your team to work on your projects while you sleep are some questions you need to ask for your business. 2. 3. 4. 5.