Centricity Blog 3 Jobs Your Start-up Should Outsource

There are several functions that simply cannot be managed properly in-house due to a combined lack of bandwidth, technologies, processes, and requisite knowledge. You should be focused on getting your product or service to market as quickly as possible - and generating revenue doing what you do best. From Young Entrepreneur Council, Forbes If you're running an early-stage startup, chances are there are some knowledge gaps in your core team. You may be strong on the technical side or a product whiz, but what about financial strategy, administration, HR? Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning? If you have a knowledge gap within the ecosystem of your organization, you need to fill it. But your in-house startup team needs to focus on developing your products and service, creating partnerships, and earning revenue. Your internal resources should be focused on your core competencies, not on these side tasks. So, what should you do? Outsource-to professional consultants or groups. The best plan is to outsource whatever services you can so as to save on the highest business costs of all-staffing costs-while getting the support you need and the assurance that these functions are being taken care of by professionals. Specifically, you can outsource the following 3 functions: CFO. If your company has closed a seed round of funding or is earning more than $250K per year, you need a CFO to handle your financial strategy and run your accounting team. Even if you're [...]