When you start a business of your own, you may have to take care of lot of activities and at times find yourself badly running out of time. But thanks to the immense development taking place around us, there is one way which could come to your rescue in such situations and it is the world of outsourcing. But just like every other thing, outsourcings also has its own pros and cons and let us see how it is helpful for the small businesses and what is the flip side to it.
Pros of Outsourcing for small business
Cost savings : As a small business owner, you may have to incur several costs which are inevitable for the growth of your business. With the help of outsourcing, the biggest plus could be in the form of savings as you may be required to pay less when you outsource as compare to paying to those who are working full-time. For certain tasks relying on outsourcing to overseas labor could turn out cheaper than going for domestic or indigenous skills.
Efficient management of work: For a small business owner, efficient organising of the various activities is extremely important to meet the deadlines. When certain tasks are outsourced, then it would help you to focus on the core aspects of your business thereby resulting in efficient management of work. With the help of outsourcing, workflow of your business could be managed properly.
Saving time : As an owner of a small business you may always find yourself with super busy schedules and may have to run several errands. When you outsource certain tasks, this helps you to save great deal of time and you have your work done too.
Benefit of expertise and skills : The world of outsourcing is burgeoning day by day and there are individuals who are offering specialised services. You can take advantage of these fro your business for certain tasks which would help you in particular aspects of your business.
So it can be seen that outsourcing has its own benefits, but as mentioned there are certain disadvantages too which are associated with outsourcing. Let us see what they are.
Cons of Outsourcing for small business
Late or delayed delivery: As you outsource certain tasks, the first thing which you would expect is getting these completed on time. But there may be aspects like difficulties in communication, absence of clarity as to what is needed to be done, miscommunication and so on which may result into late delivery of the work when outsourced.
Increased costs: Though we have stated that savings as a big advantage of outsourcing, if this is not done with proper care then it may lead to increased costs and this is another disadvantage of outsoaring.
Inadequate focus : As you outsource the work, you would also like to know how much attention is been given to your project. As an individual to whom work has been outsourced may have to deal with many clients and this may result into there may be inadequate focus on your project. This may not be the case with those who are employed full time with you.
So we have seen the pros and cons of outsourcing. When outsourcing is done with proper care then it would be of great help for the small business. Of course one may have to consider its flip side too.