Outsourcing is an effective way to save time as a busy professional running a business valuation firm. You likely already know this. By outsourcing tasks to a freelance team, you can focus on the tasks that genuinely drive your firm’s growth.

But there are times when outsourcing doesn’t make sense—such as when you’re in a slow period and don’t have the work volume to justify the expense. In that situation, it’s better to focus on growing your business, even though it can mean some late nights at your desk.

Another moment that might not be right: You’re still in the early days of setting up your shop, working to sign and onboard new clients and figure out your forms and processes. Both of these tasks can be a lot of work, but if you haven’t hit critical mass in terms of your workload and revenue, hiring an outsource firm could keep you in the red.

Don’t get us wrong: Outsource firms do cost money, but at a certain point you’re going to find that covering that expense actually helps you increase your revenue. That’s because handing over some of your workload to an outsource partner can free you up to take care of more high-level tasks and, crucially, solicit more business and grow your firm. You just have to make sure your business is in a position to make these numbers work in your favor.

There’s one other situation where bringing on an outsource firm might not be wise, but it’s a tricky one. This is when your business is going through a crisis. In some cases, an outsource team is exactly what you need to help you through. In others, it’s probably better to right the ship before taking any further action.

If you’re unsure whether outsourcing makes sense for your firm, we’re happy to talk things through with you and help you figure it out. If you know you’re ready, Assurent Advisors is all set to connect you with qualified business valuation workers.