14th July 2016
Outsourcing is a great way to save money, grow your business and manage resources. Here are our 5 reasons why you should start using outsourced services today:
1. Reduced labour costs
Hiring and training your own workforce can prove too costly. Peaks and troughs in business can make the employment of permanent staff financially difficult to sustain. Yet, hiring temporary staff usually leads to lower quality work for higher investment. Outsourcing gives you access to a highly trained team, who will be experts in their sector. This support is often flexible, allowing you to fit it to suit your business needs.
2. Allows more investment
A reduction in labour costs is not the only economical reason to outsource. By engaging with outsourced services, fixed costs such as utilities will become variable costs. This creates a release of capital that can be invested in other areas of your business. The ability to relocate funds in this way will make your business more attractive to investors and promote growth.
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3. Competitive Advantages
Businesses that do not outsource will find themselves passing on expenses, such as R&D and marketing costs, to their customers. By outsourcing, your business will have access to your suppliers’ cost structure, helping to create economies of scale. This will ultimately lead to a competitive advantage.
4. Better focus
All businesses experience strain on their resources. Most managers will feel overloaded with tasks. Outsourcing services will allow your company to focus on work that serves your customer’s needs.
5. Reduced risk
The business environment is forever changing; therefore, every business investment carries risk. Outsourced suppliers will be experts in their sector, as a result they will be able to better assume and manage risk for you.
Find out more about how SmartPA’s outsourced back-office support services can help you and your business today.