Does your company need to outsource?
The decision to outsource is a strategic one. Most companies hesitate or feel threatened to reliquish control. Some believe that doing it yourself is easier and faster which raises the question: ‘Why consider outsourcing?’
- Reduce and control operating costs – Small business owners need to “think big.” Just like Fortune 50 companies, the small business owner needs to identify his/her strengths and then find someone else to do everything else – outsource it.
- Improve company focus – By outsourcing non-core functions, a small business owner can focus on growing the company.
- Gain access to world-class capabilities – For small start-up businesses seeking investors and partners, showing that the company outsources its financial functions to a professional, bonded, insured service provider firm with secure technology will help potential investors realize the start-up owner is running the business well.
- Free internal resources for other purposes – Business owners who are great at their business but realize they are weak at finances or are too busy and don’t have time to do the books or have tried but failed and as a result have a financial mess to clean up.
- Resources are not available internally – Knowing what the finances really are at a given moment gives a small business owner much more capability, not only for real-time decision making, but also for accurate decision-making and confidence in the decisions.