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"It's common for business owners to want to manage everything," said Fabio Rosati, who is the CEO of Elance, which is a web-based system to help businesses find, hire, and manage professionals. "But it's now getting easier to outsource no-core functions, which is what larger companies are doing."
Basically, outsourcing can be cheaper and mean higher quality (do you really need to understand payroll?). More importantly, you will have more time to focus on the things you do best, which should help to grow your business.
So what are some of the things you can do?
Time audit: As a result, it's a good idea to do a "time audit." That is, where is most of your time being spent? And can some of these activities be offloaded -- leaving you more time to make money?
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