What Is Outsourcing? How Can It Make Your Business Grow?
Outsourcing is more than just a great way to cut down on costs and expand your capacity. It’s also an excellent way to make businesses grow! Growth takes both time and resources, and outsourcing can provide you with more time and more resources to jumpstart your company’s growth.
Outsourcing, also known as Business Process Outsourcing (BPO), is the process of hiring a company to take care of certain activities on your behalf. What can outsourced workers tackle? Anything from payroll to customer service. Small, medium and large businesses use BPO as a way to access skills and expertise unavailable to them currently. BPO also allows businesses to do more with less.
How Does Outsourcing Allow for Business Growth?
Free Up Capital
Outsourcing frees up funds that your business needs, to grow. BPO is much more affordable than hiring traditional employees for most businesses, especially in the current US business climate of rising minimum wages and low unemployment rates. The money that you save by utilizing highly-skilled outsourced employees can be used to improve your business in other ways.
Focus Your Efforts
BPO allows you and your in-house employees to focus on what you do best. Does repetitive work prevent you from tackling important high-level tasks? Is spending time on unfamiliar parts of your business weighing down your schedule? Outsourcing those tasks to highly-skilled affordable employees will let you focus on what you want, and need, to do. Once you clear your schedule of tedious tasks, you can grow your company faster.
The three best types of tasks to outsource include:
- Highly-skilled or executive-level expertise (CFO-level expertise for a few hours a month)
- Repetitive tasks (like data entry or shipping inventory)
- Specialized tasks (like IT support for a phone system or network)
Get the High-Level Workers You Need
Are you surrounding yourself with the right people? One of the biggest barriers to growth is staffing a business with the wrong employees. Early on, this might be easier said than done. BPO gives you access to top-tier talent without the head hunting or high salary expectations. Businesses of every size can benefit from the expertise and skill of outsourced employees, whether you need someone to help with marketing, payroll or customer service.
Choose the Right Outsourcing Partner
Outsourcing Services International is dedicated to helping businesses like yours grow and thrive in a competitive, changing marketplace.
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