If you’re running an early-stage startup, chances are there are some skill gaps in your core team.
You may be strong on the technical side or a product whiz, but what about financial strategy or administration? Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping?
If you have a knowledge gap within your organization, you obviously need to fill it. But your internal resources need to focus on developing your offerings and earning revenue. They should concentrate on your core competencies, not on side tasks.
So, what should you do? The best plan is to hire a cost-effective, high-performance remote team to save on the highest business cost of all — staffing costs — while getting the support you need and the assurance that these functions are being taken care of by professionals.
For example, if you’re in high-growth mode or have a lot of activity or expenses, you definitely need a professional to oversee your financials. Depending on your needs, a remote accountant or bookkeeper can help with projections, cash forecasts, operating budgets, financial plans, pricing, reporting, debt management, equity and debt negotiations, and liquidations. They can also assist with your day-to-day accounting and regulatory compliance, cash management, AP/AR, and taxes.
Keep in mind that your business is creating a product or service; finance is not your business. In fact, a majority of business owners lack confidence when it comes to handling their own accounting procedures. And it’s somewhat understandable — when you start your business, you don’t put debits and credits at the top of your priorities. After all, keeping your records organized is not usually the entrepreneur’s passion nor strong suit. With Remote Staff you can hire a financial specialist who has experience working with startups, freeing up your internal resources to focus on higher-value growth activities.
While your company is in its early stages, it’s essential to get support, but only as you need it. To outsource doesn’t mean you just hand over a function and forget about it. You’ll still want control of all aspects of your startup; hiring the right offshore outsourcing service like Remote Staff will ensure that you stay on top of everything.
Remote Staff was created to assist startups and small businesses in setting up and managing their operations offshore. The best part is that the business owner retains full management ownership of their outsourced resources.
Remember, you don’t outsource to make a service disappear; you outsource to reduce your cost structure and keep your internal resources focused on your business. When you outsource necessary functions on an as-needed basis, you can concentrate your internal team efforts where they are most needed: growth.
Arrange a confidential call or meeting today to discuss how Remote Staff can help you grow your business.