Did you know that 68% of consumer products in the United States come from companies that outsource?
You’ve probably heard about business outsourcing in passing. But what exactly is it, and more importantly, what can it offer your business?
What Is Business Outsourcing?
Business outsourcing is the process of hiring and leveraging outside assistance for certain tasks instead of handling them in-house.
Think of it like this: you’re getting ready to move and you could use a little help.
You fire up an app like TaskRabbit or Bungii and find someone who can help you move your furniture. In essence, you’ve outsourced part of the moving experience.
Business outsourcing is more or less the same thing, just with business tasks and job boards instead of apps.
What Are the Benefits?
There are plenty of great reasons to consider outsourcing certain tasks.
For instance, there may be menial tasks that take up too much of your time throughout the day. Wouldn’t it be better to let someone else handle those tasks while you spend your time and resources on something more suited to your skill-set?
Outsourcing is also a great way to save money. While you’ll have to pay for a firm or individual’s work, you’re still saving money since you don’t have to pay for training, benefits, and materials.
When Should You Outsource?
Deciphering whether you should outsource or tackle a project in-house can be difficult.
So, when exactly should you outsource?
If you don’t have the appropriate skill-set, for one thing.
You may not be the world’s best graphic designer, but there are tons of people out there who would love to help you create a new logo or retool your website. It’d be more efficient to hire someone as opposed to taking the time to learn these skills yourself.
Likewise, if you can’t dedicate time to a project, outsourcing ensures that it’ll still get done and in a professional manner
Finally, outsourcing is a good option if you’re scaling your business.
You may need an HR department or payroll outsourcing but might not have the funds required for starting in-house departments. Outsourcing would allow you to enjoy these services without having to buy a bigger office or spend money on supplies.
Outsourcing 101: Save Time and Money
Business outsourcing is a fantastic way to save your business time, money, and frustration. Whether you have long term needs like scaling your business or just want someone to help you with a single task, outsourcing is the answer.
Though finding the right partner can be difficult, it’s ultimately a better use of your time and resources, so consider outsourcing today.
Looking for more info? Be sure to keep checking back with our blog for additional tips on how you can grow your business.