Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.
Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.
We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.
Use these tips to ensure you enjoy the benefits of outsourcing, while avoiding some of the hazards.
At JPAbusiness we use our ‘virtual’ workforce for roles such as marketing and administration, legal and accounting, IT and online.
Of course, depending on your core capabilities and competitive advantage, there are some things that make sense to outsource and some things that should definitely remain in house.
If you would like advice about how outsourcing could add value or create efficiencies in your business, contact the business advisory team at JPAbusiness for a confidential, no-obligation discussion.
James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.