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For many companies, there’s a certain feeling of security hiring in-house staff that you know and trust. Outsourcing – employing the help of another company to help with your services – might seem treacherous to some companies with a do-it-yourself attitude. However, in order to be a successful business, in many cases it’s often essential. Here are some reasons why your company should be outsourcing.
It’s cost effective
Hiring the services of another company might seem like a waste of money. But you may not always be able to do it cheaper. Many businesses outsource printing companies for example, because they are able to print for a cheaper price than buying the resources oneself. Printing companies buy paper and ink in bulk and are therefore able to pay less for it.
Such companies will also have top notch equipment that your business yourself might not be able to justify shelling out on. For example a printing company may have a top of the range printer, whilst a marketing company might have professional software for creating ads.
Even if you’re not outsourcing manpower, outsourcing tools could work out cheaper. Why buy a forklift truck when a rental company can offer multiple usage for a fraction of the price.
It helps with time management
Many jobs take up a lot of time such as accountancy and human resources. Outsourcing can free up this time allowing you to prioritise other tasks.
Outsourcing can also allow habitually weekday nine-to-five businesses to operate 24/7. This can help with international businesses having to deal with multiple time zones – outsourcing a hotline company that can deal with queries whilst you and your co-workers sleep. Similarly it is great for services that deal with critical emergencies. For example, many medical offices and private surgeries outsource an after hours HIPAA answering service that can offer advice and help to patients so that doctors aren’t always on call.
It allows you to focus your strengths and delegate your weaknesses
Rather than waste time training yourself and your team in accountancy, outsource a professional that can deal with your finances allowing you and your staff to instead work on improving your strengths. It is these strengths that are the core of your business and the reason clients invest in you – don’t try to be a jack of all trades and focus on being a specialist.
Some tasks such as DIY and cleaning should clearly be outsourced, but there may be other skills you haven’t thought about that could be outsourced such as designing the weekly rota or managing your accounts. Don’t be afraid to admit you and your company’s own weaknesses. If you’re not savvy with social media, find a business to set up a professional-looking Facebook and Twitter page for you (there are companies that can even run your social media for you). If you’re not good with figures – hire an accountant as previously mentioned, or a financial advisor. Feel free to learn these skills in your own free time, but keep your work time the focus of your strengths.
Bookkeeping services are a process of companies which requires data collection. This data consists of invoices and bank statement for making company accounts. This process of data acquisition and maintenance is known as bookkeeping. Bookkeeping services can be off site and on site which means they can be done outside of the company’s office and within the office having a bookkeeper working at the company’s office. To manage the off-site bookkeeping, the accountancy company uses several accountancy software to report the financial situation of a company.
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