The benefits of outsourcing

Put yourself in the shoes of a small business owner and think for a minute. If you want to get a perfect job done, the best option is to leave it to the experts. But what if you aren’t an expert or have any experts in-house? What would you do then? The answer is quite simple. Outsource. You would outsource the job to an expert who would get it done for you.

On the face of it, having access to expertise may seem like a good enough reason to outsource. But it is not the only reason to outsource. Outsourcing has a lot of benefits for both small and large businesses alike. Let us delve deeper into the benefits of outsourcing.

Cost Effectiveness: Outsourcing support functions can be a relatively cheaper option than doing it in-house. Most startups and growing businesses prefer to outsource support services that do not form part of the core business activity due to the benefit of lower costs.

Having an in-house division is expensive, whilst staff salaries would take up a big chunk of your overall costs, let us not forget the rent, overheads, office space and other associated costs involved. Outsourcing on the other hand would be a relatively cheaper option with low investment involved, you can simply agree on a price for your services without having to bear the cost of housing and running your own department in-house.

Greater Expertise: Being a jack of all trades is clearly not going to help you succeed. That is why it is important for you to delegate and outsource tasks to those who are more knowledgeable and experienced in those respective fields. As the owner of a business involved in selling fast food, you may be well-versed in trying out new recipes and convincing your customers to try them, but you may not be as skilled in managing daily accounts or providing IT support so obviously it makes more sense to outsource those functions which you feel are not in your arena. Of course, you always have the option of doing it in-house but undoubtedly by outsourcing it you would have access to greater knowledge and expertise because then your business functions would be carried out by a team of professionals who are experts in the field. And what’s more, you need not waste time or resources in training and coaching these staff too.

Improved Focus on Core Areas: By outsourcing the lesser important or support functions of the business such as HR, IT and Finance functions, it gives you more time to focus on core areas that would be key to growing the business rather than spend time on routine, administrative tasks that adds less value to business growth in the long term. Therefore, by outsourcing non-core activities it allows you to prioritize on what matters more and this way you can be more focused on achieving your ultimate business goals.

Outsourcing sure does have a lot of benefits and especially if you are a new business in its early stages outsourcing non-core activities is the way forward. If you are interested in outsourcing your various business functions, be it accounting, bookkeeping, taxation, digital marketing or HR functions, try Innovant Consulting & Management Solutions for all your business outsourcing needs. Partner with us for all your Outsourcing needs and you will be able to make the most out of a friendly and knowledgeable team, excellent track record and astounding customer service. For any queries feel free to reach out to us at Innovant Consulting & Management Solutions and we will be happy to guide you.