You may have heard the term before, but what does it actually mean? More importantly, how can outsourcing different aspects of your workload help you and your business?
Outsourcing is nothing new, the process and its principles of ‘contracting out’ an external company to take over some of your operational work have been around for a long time. There’s many companies offering business outsourcing for all kinds of different tasks: Accounts, Payroll, Customer service, IT Support etc. but the key to making outsourcing work for you is simply in finding right fit with a company who can provide everything you need.
So why outsource anything in the first place? Here’s a few reasons why you should look into outsourcing:
Cost
One of the main (and most obvious) reasons that people use outsourced business services is cost, according to a recent survey conducted by London School of Economics (LSE), Almost 70% of firms outsource just to reduce the cost.
Knowledge / Experience
Why have 1 person when you can have a full team? When outsourcing, you gain access to a wider spectrum of knowledge and experience from a team of specialists than you would get by just employing 1 person to do that same job, all of this at a lower cost as above.
Work Speed
As a rule, when outsourcing something (Business IT Support for example) with a reliable IT support company, the turnaround time for issue resolution is normally much quicker than having a more expensive, in house member of staff. With Service Level Agreements (SLAs) in place you are guaranteed a turnaround time.
A Chance to focus on business
Giving yourself more time to focus on doing what you do best can only mean one thing for your business – Growth. It’s easy to get caught up trying to do everything internally when there are industry leading experts out there which are ready to take the stress.
There you have it, just a few reasons why outsourcing can help your business. Whether you’re looking to outsource HR, Book Keeping, IT support or anything in between, contracting out another company to do it for you is a tried and tested method for increasing your profits and decreasing your workload, so why not give it a shot?
At Blue Spot, we are business IT support specialists.