Time Valuer / Resources / Glossary / Outsourcing
Outsourcing
Paying an outside person or company to do recurring work, such as bookkeeping, cleaning or design.
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What it means
Outsourcing is delegation on a schedule. Because it repeats, the value kept adds up quickly over a year.
It's usually worth it for work that's below your rate, outside your strengths, or both.
Example
| Bookkeeping, 6 hours a month at $120.19 | $721 |
| Bookkeeper | $400 a month |
| Kept each month | $321 |
| Kept each year | $3,854 |
In Time Valuer
Price the hours a recurring task takes in Time Valuer and compare them with the quote, monthly and yearly.
Related terms
Questions and answers
When is outsourcing worth it?
Paying an outside person or company to do recurring work, such as bookkeeping, cleaning or design.
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