As busy real estate agencies, sometimes we have to realise one hard truth. We cannot do it all.
COVID changed the way our profession operated. Just like many industries across Australia and the world, we adapted. We pivoted our operations to survive a pandemic.
Despite pushing through and coming out the other side, the way we conduct business has changed.
So now, as we crawl through 2022, are you finding you do not have the time in your day to complete all your business operations?
Are the day-to-day admin tasks getting too much and building up?
Are you crying in your afternoon cup of tea?
It might be time you considered outsourcing.
What is outsourcing?
Outsourcing is when you hire an external individual or company to subcontract certain services.
Outsourcing is your new saviour.
If the thought of delegating authority to someone else gives you the shivers, hold five.
Outsourcing doesn’t mean relinquishing control. It doesn’t need to mean you palm off all admin activities within your agency. It simply means you can delegate those tasks you simply don’t have the time to do anymore.
What activities are best to outsource?
The activities or tasks you choose to outsource are individual to each and every agency.
It might be you want your Trust Accounting handled. It could be your Sales and Marketing.
At the end of the day, the tasks you outsource are completely up to you.
Busting the outsourcing misconceptions
Outsourcing does not mean you need to look offshore for cheap labour. In fact, that’s the very opposite of what we recommend.
The freelance and outsourcing industry in Australia has boomed – especially since COVID. Companies now realise the benefits of flexible outsourcing arrangements.
Benefits of outsourcing
So why would you consider outsourcing in your agency?
5 top reasons to consider outsourcing
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Reduced staff & recruitment costs
It’s more financially viable than hiring. It alleviates the hassle of PAYG, super, workers compensation, sick leave and entitlements. Beter yet, you can claim the GST paid through your BAS.
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Spread the risk
Your outsourcing company is responsible for their own public liability and professional indemnity insurance.
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Expertise
Access to additional expertise you may not have had access to in-house. For instance, third-party Trust Accountants specialise in Trust Accounting. It is what they do day-in-day-out. So you are outsourcing to those who are leaders in their field. Not delegating to someone who is jamming it in in the last half an hour of their day.
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Stability & consistency
The greatest gift here is continuity and stability. No more worries about internal staff movements and changes. You can rely on a continuous service without the hassles.
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Increase business growth
Outsourcing certain aspects of your business gives you time to focus on your core business goals. The ones that generate income as opposed to the ones that suck up your time. Everyone’s a winner.
The End of Month Angels team provides outsourced Trust Accounting, bookkeeping and compliance to our clients. We are continually onboarding new support clients who are realising the benefit to their business to offload to an external party.
If you think this could be you – give us a call or drop in for a face-to-face meeting.
It’s 100% obligation-free – and there might even be cake.
Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 25 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.