Running a successful business is not easy. You need to pay attention to all aspects of the operations, from clients to accounting, logistics to marketing.
It is not possible to have expertise on everything, to precisely understand what a particular department needs. Multi-tasking or switching tasks results in lower performance and productivity levels. Also, having multiple departments and employees pushes the fixed costs up, limiting your profits.
So what can you do to ensure everything is running smoothly? Outsource it, of course!…
Once your firm grows beyond a certain size, recruitment becomes a big issue. Finding the right people at the right time can be extremely difficult.
No business can afford to operate for long without having key personnel in place. It does not take long for things to start to fall apart. So, recruitment is not a task you can afford to put off. The problem is that finding and hiring the right person is a time-consuming process. If your business is just taking off or growing fast time is the last thing you have enough of.…
Dubbed as one of the leading outsourcing hubs in Asia and the most ideal outsourcing destinations for most foreign companies, the Philippine Business Process Outsourcing (BPO) industry shows no sign of slowing down any time soon. Instead, it keeps on growing bigger and sturdier.
The IT-BPO industry has opened a lot of opportunities for the Philippines. It has helped secure and strengthen the country’s growth and development ever since it was introduced. Remarkably, it is one of the fastest growing sectors that played an important part in lessening the unemployment rate in the country.…
Marketing is one of the most important elements of a successful business strategy – but effective marketing requires near-constant monitoring and tinkering as well as a fount of experience and up-to-date knowledge. It isn’t difficult to do marketing, but it is nearly impossible for a small or new business to do marketing well.
As a result, many small businesses decide that the best course of action is to outsource their marketing efforts. You might be considering the same – but you might also be wondering whether you can outsource marketing while still maintaining high quality campaigns and sufficient consumer engagement.…
The global outsourcing market is worth $88.9 billion in 2017 and this figure is expected to remain steady. Whether it is to address a talent gap or to improve the value of a service, outsourcing certain parts of a business make sense. It improves overall productivity, ensures the best performance in that sector and leaves managers with enough time to concentrate on the things that matter the most such as management and steering the company in the right direction. In addition to cost-efficiency, you reduce overhead costs and improve operational control.…
The desire to do everything on your own, where you are always ready for a challenge and get the result you want in your way, can backfire at times. This usually happens when you take on tasks that are out of your realm of expertise, or ones that take time you can spend more productively.
In 2017, the global outsourcing market accounted for $88.9 billion. So, should you become a part of it and will it work well for your business?…
Outsourcing compensation management has become a very popular option for many businesses, thanks to the numerous benefits they provide. If you’re running a startup company, there’s a good chance that you’re already thinking of outsourcing your payroll to help improve your business processes. But what exactly should you be expecting from it? Let’s take a quick look to find out.
1. Outsourcing Provides Focus
Among the most resource-intensive aspects of running a business is compensation management. Keeping employees paid on time, ensuring that incentives are properly implemented, and making sure that all rules and regulations pertaining to employment are observed requires a significant amount of manpower and resources—two things that startups don’t always have.…
It’s challenging for local business owners to focus on core activities when they have to juggle a hundred different balls at the same time. How can you focus on networking when you’re wrapped up by IT requirements? What about local partnerships and social media?
As local businesses operate with smaller workforces compared to corporate giants, staff members are pushed all the times, and the growing demands of business can often make you lose track of core business operations.
Fortunately, there’s the option of outsourcing.…
Outsourcing is becoming a more common practice in the business world, especially when it comes to smaller and medium sized enterprises. For those that aren’t familiar, outsourcing refers to the process of enlisting third party services to carry out tasks that are traditionally done internally. Thanks to advances in technology, outsourcing has become a more practical and in many cases more cost-effective and efficient than handling all of your processes yourself.
The increase in this process means that many smaller businesses can routinely outsource things like the payroll and accounting to cut costs.…
Most startups have to do the maximum with minimum budget. You’ve worked hard to sell your idea to an investor. You’ve been given what seemed like the ideal funding, but you soon find that most of your expenses are much higher than you anticipated.
This is especially true when employing staff. While you thought you could make do with the team that you already have, your needs keep on growing, until eventually you’re forced to hire or burn everyone out.
The good news is that there’s an affordable alternative.…
