Outsourcing is the not really a new buzzword in the business community. However, the question of why entrepreneurs outsource their business process may still have its pros and cons. Surely, outsourcing could create a lot of profit for a business. Why else would entrepreneurs outsource their business process if they won’t benefit or make more money out of it?
Besides from business owners saving a lot of money, they want to unburden themselves from heavy workloads caused by the growing demands by their customers or clients. Business owners’ resort to outsourcing the job they should be doing but don’t have time or don’t want to. Today, business owners hire outsourcing help by finding individual professionals to do a part of the business process in order to save money on labor and also expand their capabilities.
Since there are a lot of skilled individuals in the United States outsourcing became one of the best industries considered by a lot of talented and skilled individuals. In terms of salary, outsourcing provides cheaper labor compared to hiring employees and work done in-house.
For example, in the United States, you would pay an employee for example $100/per day to get the job done, plus you may need to provide healthcare benefits, vacation time and retirement plans such as a 401k, along with filing IRS tax forms.
However, outsourcing the job to an equally qualified professional, independent contractor, consultant or freelancer, might still require you to pay $100/per day to get the same job done. However since they are not employees, you are saving money. As a business owner, you avoid having to pay health benefits, vacation time, breaks, retirement plans, etc. Plus, when work is slow and less demanding, you won’t need to outsource the job. The qualified professional only works when you have work for them to do.
Outsourcing can save your company a lot of money in terms of salary payments
These are the benefits that your company can take advantage of in outsourcing. With equally qualified professionals you can definitely save your company a lot of money on salaries.
However, before you try and outsource part of your company’s work, you have to determine if the outsourcing company or individual is the right one for you.
Hire qualified and skilled professionals with skills related to your business
This could also be someone who is interested in the spiritual or esoteric realms. This will ensure the best quality for your outsourced jobs. If you are hiring a solopreneur, independent contractor, consultant or freelancer, be sure to check their background, including social media. Then be sure to have a “discovery call” to see if you both are a good fit for each other.
Check out the quality of work from an outsourced professional, to determine if the work done by them is up to par or not
If not, you can always research other individuals, freelancers or outsourcing companies. Check out the quality of their work. Doing this will enable you to find the right person that will meet your standards. You can also hire on a trial basis with the individual. This way you give them a chance to learn your style, processes and how your business runs. If after your trial time, it doesn’t work out, you can “let go” of that person without having to pay unemployment benefits.
You also have to consider if the professionals who will be handling your outsourced work is qualified to do the job. Besides, you don’t want a talented programmer to do the job of an office receptionist. You have to know the specialty of the outsourcing person and determine if they will be able to perform the job you will offer them with quality and efficiency.
Outsourcing Helps Your Business Grow
If you are looking for a way to save money and at the same time increase productivity, outsourcing is the right choice for your metaphysical business. Outsourcing will answer your businesses financial and production problems.
Not only will you save a lot of money because you don’t have to pay in-house employees (along with benefits), but you will have the same quality of work that an equally qualified professional that can do the tasks.
With outsourcing, your business will be able to grow and also decrease the burden of heavy workload. Give it a try. Try Upwork, or Fiverr to begin. Post a small job there and let me know if you use bigger agencies or look for individual talents yourself.