Outsourcing – boost productivity and progress without the long term expense

Many business owners have fantastic talents which is part of the reason why they went into business. With these talents, sometimes comes over-confidence where they try to do everything themselves, and either experience processes being missed, a stall in the business or even worse, burn out.

Quite often, it is at this point that business owners think they will need to employ staff to help. This does not always have to be the case; outsourcing can be the best thing for your business, you just need to find the right company to work with.

It is true that outsourcing can save money, but that is not the only (or even the most important) reason to do it. Outsourcing also allows businesses to enhance services, quality of work, and productivity, while allowing them to focus on growth. It involves hiring an external company which has the expertise you may not have but that you need to be able to move forward and be more productive. It is a powerful option, as you can outsource only what you need, and for as long as you need – which means not having the expense of hiring permanent staff, or incurring costs to up-skill.

GoFi8ure are a great solution to those who needs help with their accounts. We are a one stop shop for all your accounting needs from monthly routine bookkeeping to preparing and filing your Tax Returns. To find out how GoFi8ure can help your business, email us on enquiries@gofi8ure.co.nz or contact us on 0800 463 488.

The value training can add to your business

At GoFi8ure we truly believe that training is not a cost, but an investment in your business and future growth.

You may have heard this popular question that highlights the importance of investing in employee training, it goes something like this:
Person 1 asks “What if we spend money on training our employees and they leave?”
Person 2 replies “What if we don’t and they stay?!”

In this article we highlight why employee training is a crucial part of a successful business.

1. Training gives employees the necessary skills and knowledge to carry out their work to the best of their ability, resulting in an increase in productivity and quality of work.

2. Training can give your employees an increased and more diverse skill set, where they can take on additional responsibilities while supporting their own career progression.

3. Training can give your business a genuine competitive advantage over your competition. The simplest way you can be better than your competitors is by having employees that work better than the rest. Training is a direct route to achieving this.

4. Training helps reduce employee turnover. Investing in your employees makes them feel valued and lets them know you are interested in developing their skills. As a result they tend to stay longer and contribute more to your business. Replacing staff is expensive and time consuming. It is much better to train and retain your best people in the first place.

5. Whether it is training, methods of working or legislation – things continuously change in the work place. Regular training means your business and your employees don’t get left behind and they stay working at their best, both today and in the future.

6. Training decreases the need for supervision. Untrained and under-qualified staff can drain your management resources and distract your best people from urgent and important tasks. Avoid becoming over reliant on one person by training at least one other staff member of your team to the desired standard.

To talk more about Xero and bookkeeping training for your employees, visit our website: www.sayitlikeitis.co.nz or email us on enquiries@gofi8ure.co.nz

Invest in your business today!