Outsourcing or Business Processing Outsourcing ( BPO ) is contracting with any other company or a person to do a specific function for you or your company . Nowadays almost every service your company needs is available in outsourced form .
The primary advantage of any outsourcing deal is that you have experienced professionals working for your organization at only a fraction of cost it would take compared to that of hiring an employee for full time . Similarly , all process of business is handled by trained employees which give you a boost up you need as a start – up . Hence , you can concentrate on your core business , which results in more growth .
We will give a list of advantages ….
1 . Gain access to fast growth .
2 . Allow your firm to concentrate on its core processes .
3 . Improve operations and customer service .
4 . Achieve flexibility to handle changes in business cycles .
5 . Increase growth and retention .
6 . Cut costs .
7 . Avoid capital expenditures .
8 . Avoid additional employee costs such as insurance and benefits .
These are some benefits and many more proven benefits that should favor the start ups . And more importantly there are lots of suppliers of outsourcing services . Actually the important question is when to receive the outsourced services and who is the appropriate outsourcing vendor for your profile .
I know you want to ask me some questions , don’t you ?. And your question is “what should I outsource ” ? “what your business should outsource ” ? .
Now go through the following questions ;
1 . Is the particular task is temporary ? .
2 . Is it more costly to do the same task in – house ? .
3 . Can your in – house resources be put to better use for other purpose ? .
4 . Does the task you need require a high specialization that makes it impractical for a regular employee to do it ? .
If your answer is “ yes ” , then you should go for outsourcing those activities .
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