There are many benefits to outsourcing for a small business. Here are the top 5 outsourcing advantages in Raleigh and Durham, NC.
Saving money is always a major concern for small business owners and outsourcing can do just that.
• Less office space needed
• Decrease in full time employees
• Less capital needed to complete projects
Reducing risk is very important to the success of a small business. The very obvious advantage is the decrease in insurance. But, a small business can also help maintain a positive reputation by using businesses that may be more qualified to complete a certain task than an employee hired for that purpose.
This takes us to competitive expertise. Let’s face it, most small business owners got into business to do one thing they usually do very well. However, when it comes to all the other services needed to complete a business, most of us are only mediocre at best. Getting assistance from a well qualified professional allows small businesses to compete with their larger counterparts. Also, there may projects a small business owner could not even accept without the expertise of a professional outside the company.
When small businesses turn to outsourcing, they are able to take on more projects and save time. They are able to take on more projects because it takes less time to complete a project and because outsourcing does not limit you to the skill set available only at your business.
This brings us to core concentration and efficiency of the business. I like to call this CC²=E. Outsourcing enables a small business owner to concentrate on his core business activities (usually where the real money is made and where the work is most enjoyed). When a small business owner outsources services, everyone is doing their core business activity. Also, as any business consultant will tell you, it is not sensible to do a job you could pay someone to do for $20 an hour when you make $100 per hour doing your core activity. Outsourcing promotes efficiency. You do of course, need to make sure you are using well qualified professionals when you outsource.
As always let us at sbbsm know if we can help. You can contact David Newton at 919-302-8849 or at sbbsm.com.