Is Outsourcing right for your business?
You might consider outsourcing some work, delegating functions, and responsibilities to a party outside your business. If this is your first time, it could be tricky and a worrying thought but it is also one that could save you a lot of time and ensure that your work is in more capable hands.
If you are considering outsourcing, there are a few things to have a thought about before you start to outsource your work.
- What is your core motivation?
Why are you looking to outsource? There are many things or motivations here; You could be trying to save time, you could be hoping to cut costs, or you could be looking for more quality than you could provide in-house.
2. Which functions needs to be outsourced
Next, you need to consider which of your business functions you’re going to outsource. If you are outsourcing because you need more expertise on a certain subject, you might be tempted to outsource demanding technical areas of the business. If you are short-staffed in a specific department, you might want to compensate for your lack of manpower.
These are some of the most common outsourced areas of business:
Accounting and Bookkeeping
Accounting and Bookkeeping is an essential function for any business, but trying to find someone with the right skillset at the right price level can be tough. Small businesses may not be able to afford a full-time hire while bigger businesses may have long-term needs that can’t be fulfilled by an in-house team.
Marketing and Advertising
When it comes to illustrating the brand of your business and reaching out to new demographics, marketing, and advertising are frequently best left to experts. Marketing agencies have more experience, access to more specialists, and they will take responsibility if you don’t see results.
Customer service has a high turnover and is hard to manage without creating a separate wing of your business. The fact that it also docent demand much in a way is a big factor. No matter which functions you are going to outsource, shopping around for the right outsourcing partner can help you tap into skilled experts and mitigate costs. It can ultimately be a valuable decision for your company, especially if you think the decision through and try to make the most of the time and money it will cost you.
Teemcorp Inc. is an Australian-owned Offshoring Company strategically situated in the heart of the Philippines CBD, Makati. We help companies, large and small to tap into experts looking to outsource their Accounting and Bookkeeping, customer service, data entry among the few. We provide highly skilled and motivated offshore staff who can match the performance of your in-house staff at a fraction of a cost.
To know more: contact us here.