• Login
  • How it works
  • Why Banjo?
  • About us
  • FAQs
  • Contact us
  • Investors
  • Our partners
  • Business hub
  • Safe & secure
  • Capital Comparison
Call 1300 BANJO LOANS1300 22 65 65
Chat live
Email us

Connect with us

Banjo
Call us on 1300 22 65 65
  • Get Started
  • Login
  • MENU
  1. Home
  2. Business hub
  3. Performance
  4. Building the Right Team Beyond Your Office - Part One

Building the Right Team Beyond Your Office - Part One

If you’re running a small business, chances are your success doesn’t just depend on you and your immediate staff.

Almost all successful enterprises have a network of people they can turn to for professional help - accountants, marketers, web designers and lawyers to name a few. And while you may not always have a huge budget, it’s still crucial that you find quality people who are not only easy to work with, but will put in the hard yards to help your business prosper and grow.

“Whatever level people are in their business, they need to start with the end in mind,” says Fabrice Beillard, of Australia Business Coaching.

“If you start to manage it in that way it will start to be obvious you cannot do it all yourself.” So how do you know what’s worth outsourcing?

 

Identify where you’re at

Whatever stage you’re at, it’s likely you can at least delegate some of your business’ regular, long-term tasks.

Smaller companies – those under the six-figure mark – might benefit from a virtual assistant or someone to help with the different aspects of digital marketing.

Those in growth mode are probably most in need of outside help to help take their business to the next level. “If they don’t do that they’re going to be stuck running in circles all the time,” says Mr Beillard. He says it’s also become much more common for larger companies to outsource tasks such as accounting, or basic administration.

 

Map out your business tasks

Divide up the regular tasks that your business performs – for example under the areas of marketing, sales, compliance or accounting – and note who currently performs each task.

“You still want to know your numbers, but you don’t need to be the one that’s going to punch every receipt into the system,” he says.

 

Don’t focus purely on cost

Many businesses make the mistake of either wasting their own time, or choosing outside help based on the cheapest price, says Mr Beillard.

“People end up spending a lot of time doing trial and error, spending a lot of resources but not getting the right outcome.

“They’re generally looking at things mostly in terms of how much it’s going to cost them, but they end up having to get it redone.”

 

5 key questions you need to ask yourself
  1. Is this a regular, ongoing task?
  2. Could I pay someone else to do it, so I can direct more of my own time to more valuable task?
  3. Am I wasting time on something I’m no good at, or hate?
  4. Do I really need to be doing my own bookkeeping or updating the business’ Facebook page myself?
  5. Do I need a permanent staff member, freelancer, contractor or casual?

 

Check out Part Two to find out how to get clear on what you need and decide who will be a good fit for your business.

 

Back to Performance topic
Previous Article Next Article

Other Topics

  • Cashflow
  • Performance
  • Innovation
  • Understand your business
  • A new way of funding
  • General
  • How it works
  • Why Banjo?
  • About us
  • FAQs
  • Investors
  • Our partners
  • Business hub

  • Call 1300 BANJO LOANS1300 22 65 65
  • Chat live
  • Email us

Connect with us

Our commitment to our customers

Banjo
  • Terms & conditions
  • Privacy policy
  • Contact us

Copyright © 2019 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.

Sign In

Forgot Your Password?