Benefits of Outsourcing for Technology Businesses
By Matthew Padulchick on Friday, October 3rd, 2014
Outsourcing has become very popular and with today’s technology it’s easy and accessible. Companies can find extremely qualified candidates from around the world right at their fingertips. Many highly trained individuals have left the corporate world and are available for hire as contractors. Expertise in just about any area a business may need is available including virtual assistants, graphic designers, IT specialists, accountants, marketers, public relations specialists, writers and more.
Some of the best tasks to outsource include those that are highly skilled tasks or require trained expertise. For example if you have no knowledge of your IT needs or how to build and maintain a company website, hiring a specialist will be much more cost effective than spending hours trying to teach yourself the necessary skills. The cost for this type of work might be a bit high while the contractor helps to access your needs and builds your site, but down the road you will most likely be able to outsource your IT needs on a maintenance basis.
Highly repetitive tasks are also good ones to outsource. Data entry or accounts payable and receivable are jobs that you most likely can do, but they will only slow down your own productivity. Many times you can hire a virtual assistant to help you in these areas for just a few hours a week. This will not be overly costly and will inevitably free you up to work on other areas of the business that would most benefit from your attention.
Executive expertise is another area to consider outsourcing, especially if the business owner does not have great knowledge in this area. Someone that can take a hard look at your business plan, profitability margin and any ideas you have for expansion can be of great insight. Many times businesses will hire someone to come in and look over these items just once a month, quarterly or yearly. Their consultations can lead to new innovative ideas that could lead your business to new expansions, higher productivity and higher profit margins.
Most often, the cost advantage far outweighs what you will actually pay out to contractors. Most companies that rely on outsourcing do much better than their competitors.