Many people dream of becoming entrepreneurs, and often the biggest...
Letting technology do the heavy lifting for certain monotonous tasks...
Expanding your team and capabilities is critical to...
A Chief Financial Officer (CFO) isn’t just a...
April 16, 2018
Hiring staff to take care of your IT, human resources, and accounting may not be feasible for your startup. This is why it’s very beneficial for startups to hire a business service company. If you’re currently in the market for an outsourced team, take a look at this checklist for finding a business services company which will work well for your needs.
Before finding the right fit, you first need to know what your needs are.
Make a list of the tasks you need help with. Create a project list, discuss this with your management team, business partners or advisers. Things to incorporate in your list include:
It benefits your startup to do your research to find the best business service company.
Ask for a client list and references. Look at their track record and what types of startups they work/have worked with with. Find out how their clients feel about their outsourcing services.
Check online reviews and ask for customer testimonials and information on their portfolio.
As a startup, you want to work with a business services company that thoroughly understands startups. Since you’re needs are unique, you want a company who knows how to scale right along with you.
It’s also a good idea to make sure you all speak the same terms. For example, look for a company who is well-versed in the labor laws in your state. If they aren’t, they’re probably not the company for you.
You are outsourcing your business services because you need qualified individuals who are experts in their field.
Because of this, you want to look at the skill-set and professional expertise of the outsourced team. Do they have the knowledge, experience, and dedication you need?
By looking at their references and portfolio of clients, you can make a better choice about the qualifications of your potential outsourced team.
Consider the following:
You want to be completely clear on the financial terms of your contract with the business services company. This eliminates any hidden or unseen costs.
Be sure you understand the pricing model and payment schedules as well. This is one place where you want all the details so there aren’t any misunderstandings. Make sure to also consider how these costs will change as you scale .
Finding a quality partner consists of finding the right people who can manage your processes. When you hire right, document your expectations, outline the process and leave nothing unsaid, you’re well on the way to finding the perfect fit for your outsourcing needs.
Quality matters and finding a trustworthy business partner in your outsourcing company is an invaluable benefit for your startup.
Are you a new startup ready to succeed? Are you looking to get your new business off the ground and watch it rise to success? We are here for you. We can help answer your questions and guide you through the process. Outsource your HR duties, finances, payroll and more to us. Contact Escalon today to get started.
Image: Brooke Lark on Unsplash
Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.
Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.
Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.
Expanding your team and capabilities is critical to sustaining growth—but the question often arises: Should you build an in-house department...
A Chief Financial Officer (CFO) isn’t just a numbers person anymore. Modern CFOs play a pivotal role in shaping strategy,...
Once your annual revenue surpasses $10 million, you attract more attention from regulators, partners, and customers, especially regarding data privacy....
Hiring is one of the most pivotal processes in any organization, particularly for a medium-sized business looking to scale. Yet...
At Escalon, we are committed to keeping our clients informed about the latest trends, challenges, and opportunities across the industries...
Growth in headcount brings exciting opportunities for a business, but it also poses a key challenge: How do you maintain...
Rapid expansion and remote work trends have empowered medium-sized businesses to hire talent nationwide. Yet with multi-state operations come multi-layered...
Growth often hinges on capable leadership at every level. Yet many medium-sized businesses focus on filling immediate management vacancies rather...
Reaching $10 million in Annual Recurring Revenue (ARR) is a major milestone, but scaling further brings new operational hurdles. From...