Keeping all the tasks of a Business up to date is complicated. Even more so when it comes to a self-employed person who, on many occasions, alone supports all the loads of his activity.

Not everything that is done in a business has a direct relationship with the activity itself. Now, that these tasks – from Marketing or advertising on social networks to accounting – are not the core tasks of the business, it does not mean that they are not essential to achieve the expected profit at the end of the year.

Although administrative work, for example, does not generate sales,  it is still essential to keep billing, payroll, customer monitoring or comply, for example, with all legal requirements, such as paying taxes, the maintenance of information files, or with the General Data Protection Regulation (RGPD). Covering all of these obligations can drain the freelancer and cause them to neglect the most important aspects of their business. So sometimes it can be more profitable to outsource a service than to try to do everything yourself.

As a business begins to grow, one of the ways to achieve efficiency without investing large amounts in people is outsourcing -in English, outsourcing -.  Of course, before launching to outsource services, the self-employed must consider whether it compensates him. And this entails an exercise in financial and environmental analysis.

In recent years, markets have evolved towards a more competitive environment, in which companies have chosen to delegate certain processes to a specialized provider to focus on their core business. This strategy is known by the name of Outsourcing, or outsourcing.

Outsourcing is a tool that allows hiring an outside vendor to the company for carrying out secondary activities, such as cleaning or mail, or cover other areas of business, such as financial or accounting systems or human resources areas.

What advantages does Outsourcing bring to my company?

• Cost reduction

Collaborating with external companies allows you to save expenses such as those associated with an investment in infrastructure or technology, or those destined to hiring new workers to take over tasks that are not a specific function of the company. For example, getting your Bookkeeping outsourced at affordable bookkeeping service fees could save you a lot of money on individual hiring of people for the same.

• Focus on the main activity

Outsourcing allows the company to focus mainly on the business and not consume human and financial resources in other areas that are not strategic for its main activity. This achieves higher performance by avoiding unnecessary distractions.

• Transformation of fixed costs into variables

Outsourcing makes it possible to reduce investments in infrastructure and technology by contracting certain services from an external provider. This contract involves the establishment of a fixed price, so we can obtain a detailed forecast of the cost of the service.

• Reduce risk

Outsourcing transfers part of the business risk in key sectors, such as finance, or in new services, such as those related to technology, to specialized external providers. Also, it reduces risk by avoiding large initial investments in infrastructure or technology, which expands the ability to allocate resources to new projects.

• Improve quality

Contracting certain complex processes through external suppliers with specific knowledge in these matters, ensures a quality result.

• Increase in productivity

The work to be carried out is carried out automatically, through a company specialized in that area, reducing the time to carry out projects to avoid wasting time in personnel selection, training, or equipment acquisitions. Running the same job in a shorter time significantly increases business productivity. For example, outsourcing your Accounting and Bookkeeping tasks could save a lot of time and that time could be used in other useful and tedious tasks.

• Improve innovation processes

By reducing costs and time in the execution of certain activities, the company has more resources to innovate and thus start new projects that can position it in a key position within the competitive market.

• Greater flexibility

Outsourcing makes it easier for us to adapt to changes that occur in the market, contracting services with third parties only when we need them, such as in those operations that must be carried out seasonally.

• Access to the latest technologies

Hiring a suitable outsourcing company allows us to have the latest technology without having to make large investments in equipment or in training specialized personnel in them. If our company has the latest technologies, it will be able to start new projects immediately.

The increased competitiveness result of following an outsourcing strategy is to ensure that the company adopts a good strategic position in a competitive market and a globalized environment. Outsourcing allows you to reduce your company’s costs, flexibly achieving greater productivity.

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