Money’s Worth: Don’t Get Shortchanged In Business

  • Mark Edwards ·
  • April 9, 2018

It would be impossible for you to handle every last job your business has to do. From the little things, like PR and marketing, to the larger jobs, like accounting and law, there will be a lot your company has to deal with as it grows, and most people don’t have the skills to handle it. This leaves you to rely on other people and businesses to handle these areas for you. Of course, while this makes things much easier, it can also be hard to know if you’re getting what you’re paying for. When it comes to a field you don’t understand, it can be impossible to know whether or not the companies you’re using are doing you any good.

The first part of this arrangement is going to revolve around trust. While it can be hard to know how trustworthy someone is, you still have some tools which can help in this area. Most professional roles have review sites tied to them. This makes it nice and easy to find those offering the services you need, along with details from their past customers to get an idea of how well they’ve performed in the past. Having this information will make it a lot easier to feel confident in the people you choose. If you take it a step further, try to find out if you could personally speak to any of the customers or clients who left a review. This way, you’d be able to dig deeper, ask specific questions, and address any concerns you have. For example, if you have a home alarm system company and you’re looking to sell your alarm accounts to raise capital, how would you know that the account buyers are legit? Speaking to past clients of the buyer would be able to set you at ease and maintain that trust we mentioned earlier.

Next, it will be time to start thinking about what the money you’re paying them entitles you to. In most cases, companies like SMR Digital will be happy to provide performance reports each month which cover the work they’ve done for you. If the people you’re working with can’t or won’t give you documents like this, it’s likely that they aren’t performing their task correctly. It should never be your job to learn about their field to understand the information they give you. Instead, it will be their responsibility to make sure that it is presented in a way which makes sense to someone without their skills.

Finally, as the last option to consider, you could also start looking for ways to find your own performance reports. Tools like Google Search Analytics, for example, can be very powerful when it comes to figuring out where your users are coming from. If you’ve been paying for SEO and handling social media by yourself, but all of your customers are coming from Facebook, it’s likely that your SEO needs to be handled by someone else. This sort of approach can be taken with almost every element of your company, including complex fields like accounting and public relations.

Hopefully, with all of this in mind, you will be feeling inspired to start working harder than ever before on getting your money’s worth from the people supporting your company. There will always be a need to outsource some of the work you do, saving money when it comes to hiring employees. This saving should never be made at the expense of the quality of the work being performed, though. Instead, if anything, using businesses like these should only improve your chances of success compared to doing it in-house.