What if the internal functions of the business cannot cope with the levels of growth or you need to scale it up or down depending on the business need? 

You can outsource as many or as few back-office functions as you wish. Some examples include: data processing, credit control, HR, bookkeeping, payroll, recruitment and VAT advice. The benefits of outsourcing are not only financial, intelligent outsourcing adds agility and flexibility to your growing business in a number of ways:

• You can control cash-flow – allowing otherwise fixed costs such as salary to be variable. 
• You are able to scale services – as and when the business requires them, for example, when on-boarding new members of staff or for one-off projects. You may well reach a stage where you take some of your outsourced services in-house. 
• You can improve on efficiency – as the right outsourced provider will have the economies of scale and a wealth of experience you may not have in-house
• You can embark on and complete projects more easily – due to not having to find and train the right staff.
• You can rival larger competitors’ – leveraging your flexibility and the skills of the right outsourced provider means you can level the playing field. 
• Crucially, you can focus on your core business – your skills lie in what you provide as a business and this is where your attention should be directed

See our other Big Questions here