While outsourcing has the potential to grow your firm, increase efficiency, and boost revenue, many firms often struggle to get off the ground. Fortunately, with the right processes in place, it doesn’t have to be like that.
We’ve worked with firms who have increased their annual profits by 20% during their first year of outsourcing. So, what’s the secret? In this article, we’ll explore the three most common mistakes accounting firms make when they start outsourcing. From inadequate preparation to lack of support, we’ll show you how to avoid costly errors and experience the full potential of outsourcing.
1. They’re not ready to outsource
It’s easy to start your outsourcing journey but it’s a lot harder to get it right. If you want to succeed, you’ll need to be ready. Often, firms dive head-first into outsourcing without setting up the right processes. Whether they choose BPO or transactional models, it usually fails. This is because they do not have the right tools and knowledge to support their journey.
When it’s done well, outsourcing can propel your business forward. It frees up your time and enables you to achieve a better work-life balance. The only way to get there is to put the work in first. Like everything in life, you have to lay the foundations before you can build something. Outsourcing is no different.
In our Effective Resourcing program, we make everything easy. By working with your team, we’ll create a thorough plan for your firm and set up the systems you need to scale it.
2. Lack of planning
Similarly, you’ll need a solid plan in place. You’ll also need clear processes to streamline training and onboarding. Once you’ve developed these training documents, you can use them for your local team. This improves consistency and saves time on re-work.
The great thing about our Effective Resourcing program is that we don’t just focus on outsourcing. We want to improve the team culture so that you can achieve higher staff retention. We do this through 1:1 coaching to develop your leadership skills. This way you’ll be able to find out what your team wants and deliver it. We’ll also work with team members to develop the processes and make sure they’re confident moving forward.
Collaboration is an important part of what we do. While we want to offer you a new way of doing things, we also listen to our clients to ensure that it works for you and your team.
3. They don’t seek support
We understand that you may want to go it alone. Doing it yourself saves money and we get that. But, while it may reduce your outgoings, the time you spend on getting your firm ready could be spent on higher-value work. Running a firm can be stressful and you’ll need a support network to get you through.
At Tipu Resourcing we know what we’re doing and we do it well. Our coaching services are designed to get you to where you want to be in the most effective way. When you work with us, you’ll have someone to guide you, answer your questions, and help you make informed decisions.
Are you ready?
By enrolling in extra support, you’re investing in the growth of your firm. What could be a better investment than that?
Whether you’re just getting started or you’re already outsourcing, it’s vital that you have the right processes in place.
For more information on how to get started, get in touch with our team today.
