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Daven Michaels

New York Times Bestselling Author, 30-year business veteran, and Executive Chairman of CurrentC Group.

While several companies and businesses are leveraging outsourcing service provider and companies to achieve competitive advantage and enjoy other tons of benefits, a lot of businesses are still considering whether or not to outsource their business tasks. As long as you follow due and diligent processes in hiring an outsourcing vendor, outsourcing is highly beneficial to both small and big businesses in so many ways.

Spread Your Business Risk

The benefits that come with outsourcing cannot be overemphasized, which is the reason why more and more companies are adopting outsourcing as an integral part of their business strategies.

Here some of the reasons you should outsource;

Incur Less Expenses and Boost Your Profitability

When you outsource a business task to competent provider, you will ultimately save huge cost. Such costs include overhead costs that would have been incurred by employing full-time staff in the office to perform the task. Subsequently, the huge cost saving will be ploughed back as business profits and for business expansion. Saving cost and boosting profitability is the major reason why companies are increasingly adopting outsourcing.

Spread Your Business Risk

By contracting an outsourcing service provider, you are spreading your business risk. Whatsoever potential risk that comes with the outsourced task is borne by the outsourcing provider to a large extent once the contract has been signed off. For instance, equipment failure risk would be borne by the outsourcing vendor when you outsource tasks that require the use of machines. However, ensure that such terms and conditions are properly spelt out in the contract and formerly agreed upon.

Get the Best Providers at Lower Cost

Another reason why many companies are resorting to outsourcing is the possibility of hiring the most skillful hands for the task at a comparatively lower cost. For instance, most of the best information technologists can be hired overseas through outsourcing and at a surprisingly lower rate. The same also applies to other business tasks such as help-desk/customer support, telemarketing, book-keeping, virtual assistance services and more.

Create More time to Attend to Your Core Business Needs

When a company chooses to outsource some of its business processes, the employees are able to devote quality time to the core aspects of the business. These core aspects are usually what give the business its true existence and the company may crumble when they are not properly attended to.

Spread Your Business Risk

Gaining competitive advantage is one of the most obvious advantages of contracting an outsourcing service provider. For instance, for a manufacturing company, outsourcing some aspects such as parts assembling will help make production completion faster. Subsequently, that company is able to introduce its product to the market before its competitors who are handling all the manufacturing processes in-house. The benefit is that the company that leveraged outsourcing is able to claim a large part of the market and accomplish more sales than the competitor who came in to the market afterwards.

Indeed, hiring an outsourcing service provider for your business tasks offers more benefits than you can imagine.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.


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