Reasons to Outsource | City Business Community

Another way to extend your capacity is outsourcing. Outsourcing consists of arranging for some of your work to be performed by another person or business. It enables you to focus on your own core competencies while gaining access to expertise in other areas. The reasons why you may want to outsource some activities include cost savings, skills, flexibility, innovation and experience.

Cost savings

The main reason for outsourcing is to save money. Outsourcing may be cheaper than doing something yourself because the supplier has economies of scale, giving you cheaper access to their technology or expertise. Without having to make a large front-end investment, you can also undertake new projects without a big financial risk.

Skills

One of the limitations of going solo is that you may not have all of the skills necessary for a particular job. Outsourcing is a way to gain access to people with the right skills without having to hire staff.

Flexibility

Outsourcing can make your operation more flexible by giving you quick access to short-term resources. For example, outsourcing enables you to bid for several jobs at once without worrying about how you will handle all the work if you get it.

Innovation

Innovation is often the hallmark of a successful solo business. However, sometimes the ideas stay submerged in your subconscious. One way to get a fresh viewpoint is to outsource part of the job to someone who can innovate for you.

Experience

Outsourcing is a way to bring the benefits of another person?s experience into your operation. If you do not have enough experience to confidently take on a job, then outsourcing will not only get the job done, but you will also gain additional experience in the process.

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Source: http://www.citypoop.com/2012/11/reasons-to-outsource/

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