When Should Small Businesses Consider Business Process Outsourcing Services?

1. When Should Small Businesses Consider Business Process Outsourcing Services? Business process outsourcing services helps to save time, minimize administrative burdens, and propel the growth of the business. Managed Outsource Solutions 8596 E. 101st Street, Suite H Tulsa, OK 74133

2. Due to their limited budget, small business owners often need to play various roles simultaneously, such as of an accountant, manager, marketer, clerk, etc. Many small businesses consider outsourcing as strategy reserved for big organizations. However, technology has made outsourcing an accessible strategy for small businesses too, and it has made a powerful impact on their growth, productivity and bottom lines. Business process outsourcing services are helping businesses of all sizes save time and money, minimize administrative burdens, and increase productivity. Small businesses find it difficult to survive in the highly competitive business world and need to streamline all their operations to run smoothly. To understand if outsourcing would help, the first step should be to conduct a complete assessment of the company internally and externally. Outsourcing services can be a useful strategy in the following situations: • When you find certain tasks a challenge: Every organization has its weakness. If you find yourself struggling with certain activities, try to evaluate your weaknesses and find out which you can delegate. You can either hire an internal team to manage these tasks or outsource them to an experienced outside team who can meet your needs. • When you don’t have enough expertise: Small businesses may not be able to afford hiring an expert engineer but might be able to retain an experienced individual as an outside advisor. This would be ideal for a part-time service. Many small business owners are not skilled in specific tasks themselves and may have trouble assessing the quality of an external consultant’s help. In such situations, they can ask another company head how they review candidates’ skills. Once you make the decision, you will find that outsourcing the task to a specialist will save time and improve productivity and efficiency. • When you have tedious and monotonous tasks: It’s important that your best workers don’t waste time on monotonous and tedious tasks that don't fit their appropriate skill set or level of expertise. Monotonous tasks are best outsourced because repetitive tasks do not build worker skills. Mundane tasks such as data entry, document scanning, billing, scheduling, and basic customer assistance can be handled by virtual assistants. Use your skilled workers in productive activities rather than have them waste time on repetitive work. • When you are looking for creativity: Innovation and creativity are important in a marketing campaign. Outsourcing is the best option when you want engaging content or videos to build your brand. www.managedoutsource.com (800) 670 2809

3. • When you are faced with additional work: When a business is expanding, they may take up additional projects. In such situations, their existing resources may prove insufficient to meet the deadlines. If you need additional expertise for a long period of time, consider outsourcing rather than spend time hiring and training new employees. • When you have short-term projects: If you have short term projects like designing a new ad campaign, conducting a survey, or setting up your new point-of- sale system, it might make more sense to outsource the work to an experienced service provider. • When you need support to handle busy seasons: Outsourcing is a practical option if you are a seasonal business. Such businesses need extra support during certain times of the year, such as in the festive season. It would be better to outsource low-priority tasks during the busy season because if you hire in-house staff, you would need to lay them off when the season ends. Business process outsourcing helps small businesses to reduce operational costs and focus on their core activities. Activities that are best outsourced include marketing, information technology, scheduling, logistics, document scanning, etc. Having an expert handle these tasks will allow you to focus on your priorities, which will improve your efficiency and contribute to the growth of your business. www.managedoutsource.com (800) 670 2809