If you’re a small business owner, one of the biggest challenges you face is getting the business past the tipping point; that point where you are doing everything yourself, and you begin to use the services of employees and other small businesses to complete some of the tasks. If you’re at that point in you business, I congratulate you. But, I don’t have to tell you about the challenges that you now face.
If you’ve been doing most of the business tasks yourself, it can sometimes be hard to let go of the level of control that you have, and hand some of it over to employees and services. Finding quality employees can sometimes be difficult. and, once you have employees, there are a whole number of things that you have to take care of, that you didn’t before. Obviously, employees will want to be paid. But, it’s not as simple as just calculating their paychecks and writing a check to them. You’ve got to worry about all the payroll taxes like medicare, social security, unemployment, and tax withholding as well.
Maybe you already have employees, and have been doing a lot of those things already. But, maybe those tasks are taking up too much of your time. While you may consider having a local firm perform you payroll tasks, there are also a myriad of online payroll services that can manage the tasks as well. In many cases, it can be as simple as forwarding the payroll information on to the local firm, or the online service, and letting them cut the checks and calculate all of the payroll taxes and paperwork.
As your business grows, learning to delegate the tasks to employees and services so that you can dedicate yourself to continuing to grow the business. Finding the tasks that you need to delegate can sometimes be just as challenging. Some tasks within your business don’t require your full attention to detail, and can easily be done by employees and services. Perhaps you run a sales oriented business. The more sales you do, the less likely you are going to be able to continue to do all of the sales and will need employees to perform some of the sales calls.
Delegating tasks within your company can free your time to focus on growing the business you built.