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The COVID-19 pandemic has dramatically changed how small businesses operate, with digital-first transactions gaining a massive amount of steam this year. But surprisingly, there are many businesses that are still hesitant to join the online revolution. In fact, some 29 percent of small businesses recently surveyed said they u201cplanned to begin using a website for the first time in 2020.u201d<br><br>
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4 REASONS WHY THIS IS THE PERFECT TIME TO CONSIDER OUTSOURCING
The COVID-19 pandemic has taught businesses a lot of lessons, some good and some that haven’t been welcome. But one universal truth that’s permeated the industry has been that entrepreneurs are reviewing their business’ core operational processes, from spending to remote working arrangements.
1. YOU’LL CUT COSTS • About 45 percent of small businesses aren’t happy with their current cash flow, according to a July 2020 survey by the US Chamber of Commerce. • This statistic is alarming enough, but even more so when you realize that it’s three times higher than the pre-pandemic percentage of entrepreneurs who felt that way.
2. YOU’LL HAVE TIME TO SCALE Maybe you have a daily standing meeting with your accounting team, or perhaps you set aside every Tuesday to handle HR responsibilities, check in on any changing labor laws and regulations, and interview new potential employees.
Every entrepreneur is an expert in something, and maybe even in a few different areas. But most business owners can’t say they have expert-level skills in everything from international tax compliance to HR regulations. 3. YOU'LL HAVE EXPERTS ON YOUR SIDE
Never again will you have to worry about finding people to fill in if your HR director goes on medical leave or if you get sick and can’t handle payroll. 5. YOU’LL HAVE SERVICE CONTINUITY