The pitfalls of DIY to save costs
Posted by Mel | Posted in Business Management | Posted on 13-08-2009
Tags: Entreprenuership, Financial intelligence
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Being a start up entrepreneur, and for many other entrepreneurs, one of the challenges is to keep overheads & costs low.
One of the way to do that, is to DIY, do it yourself for certain tasks. Especially in the IT field, some things are free (open source).
For us, holding on to whatever funds we have with an iron fist is vital. Hence, yes, many things we D-I-Y. Website, some simple copies, creative ideas (Boy,we don’t lack in this area for sure!).
However, as I came to find out increasingly, we need to strike a balance somewhere, and not be a maniac DIYer. There are just some things/areas you can’t DIY. What are they?
Simple- things that you don’t have a bloody clue about! Or things that are ridiculously cheap to outsource, and darn mundane to do, stuffing greeting cards into envelopes & licking stamps for example. Or copywriting, for heaven sake. If you are not sure you can write copy that sells, better get someone else to do it.
If it’s gonna take you a lonnnnnnnnnnnnnng time to just figure out the how to’s, that’s gonna cost you.
Time cost. How much $ you actually throw away by putting your time into doing tasks that can be outsourced affordably. As a smart entrepreneur, you gotta know which area you want to spend your time on. If your time is better spent in front of your clients, or developing business, etc, that is the time that costs & rewards the most.

