When you have a business that you are looking to grow, then one way you might consider is outsourcing. When you get other people to do some of the work and services for you, it means you can focus on the main aims of the business. It seems like outsourcing has becoming a bit of a polarizing topic, though. Some people have got nothing but positive stories about how it has helped their business to grow. Some people would never advise it and would put you right off it. So what is the truth? Can outsourcing help your business or not? Let’s find out.
At the end of the day, it can make your business more profitable. If it makes it cheaper for you to outsource business elsewhere, then it can mean you will make more profit. You can outsource with people locally or out in other countries. You are literally paying for their time and not their overheads. So it is hard to deny that outsourcing is one of the most cost effective ways to go.
Think about the marketing of your business for example. If there isn’t someone already on the team that knows what they are doing, how much will it cost to recruit and keep an employee that can do it all for you? They will need the benefits of any other business and it means you have another regular wage to pay. So wouldn’t it be cheaper to outsource to somewhere like intouchMD.com and pay for things as and when you need them?
On the flip-side of the last point, it can take away jobs that would be in your business or local to you. If you decide to outsource from the Philippines, then it isn’t helping your local economy or keeping taxes in your country, for example. So it could be considered a ‘bad’ or negative point, depending on how you look at it. If you chose to outsource, then you could decide as a business that you will only use local people to you, for example. All just things to consider if you are thinking of outsourcing.
All in all, it shows that outsourcing, on the whole, is a good idea. When it is done right and ethically, then there are numerous benefits. When it isn’t is when issues might start to arise. So if you choose to outsource, make sure that you are paying fair wages and that the wages do get paid. You could look somewhere like fairwageguide.org/ if you’re unsure. It is also important that to remember that there is no need to outsource every aspect of the business. It can put your current employees on edge if that is the case. They need to know that they can work together with the outsource contractors to keep the business running well. Not that they are competitive, fighting for their jobs or working against each other. So if you are looking to outsource, just make sure that you take your time to look into it. When done well, it can be a win-win for everyone involved.