Top outsourcing trends to make a small business a success

March 26th, 2010 by Inderpal Singh Leave a reply »

In a high-tech world, the days when an entrepreneur has to wear many corporate hats are done. Outsourcing not only benefits businesspeople by saving them headaches incurred when trying to manage all things, but it also benefits the business by creating a more flexible model that can more efficiently address market trends with expertise. Just ask the owner of Aviva – an IT service firm.

According to BusinessWeek, Aviva opened an offshore operation in 2003 and CEO Steve Turpie found himself in over his head. Still, through outsourcing, Turpie was able to make it work. His offshore company became highly efficient, and workers had time to get to know the local climate – recently taking in a billion-dollar deal. “We made the decision [to outsource] on the basis of capability, cost and flexibility and given what has happened in the last nine – 10 months we feel that we made the right choice,” he said.

Aviva might sound like a large company, but almost all small businesses can find ways to effectively outsource. Here are some tips for top outsourcing trends that entrepreneurs can take advantage of to focus energies on developing core competencies.

Look professional with expert website design

In a digital age, consumers will be turned off by a website that looks like it was designed by an accountant with no graphic design experience. So maybe an accounting firm – among other business types – should get a professional to manage their web presence.

Not only is it important to have a website that has a creative layout, but it should also have fresh content. Outsourcing web management and using SEO news providers to keep interesting information posted regularly on a site can help increase traffic and – likely – boost business sales.

Get every penny deserved with outsourced tax management

While it’s important to know the ins and outs of corporate finances, taking care of tax returns can be time consuming and errors can be costly. Moreover, during tax season many small businesses miss out on deduction and credit opportunities because entrepreneurs simply don’t know all of the CRA benefits afforded to businesses.

By outsourcing tax seasonal financials, businesses might find they increase their budgets through nuanced CRA savings. Moreover, this strategy could increase revenue as time that used to be spent managing the corporate cheque account or filling tax forms could go toward developing a new business strategy or expanding services to meet market needs.

Get data entry done without impacting daily output

For each success a business achieves, a significant amount of time must be spent logging the results in a computer. This tedious work can take away from time that might be spent on making more sales or connecting with new business partners.

Outsourcing can be a cost-effective solution to this dilemma. Data-entry outsourcing is especially ideal for projects that only come once or twice a year – these projects wouldn’t require long-term contracts with outside workers.

Outsource for painless payroll processing

Payroll management is a consuming activity, and few business owners have the time to closely monitor payroll processing for time and rate abuses.

By using professional payroll services, business owners can trust that expert firms’ technologies will be able to spot various forms of payroll fraud. Moreover, if errors do occur – from fraud to delayed business cheques – the service provider will be responsible for remedying the situation or paying the price.

With these tips in mind, it might be smart to outsource different services to increase the efficiency of business operations. Outsourcing the inessential tasks can pave the way to put a team of employees to work at core competencies of a business. Plus, thanks to the internet, it’s easy to find experts who can make a business owner’s life easier with the click of a mouse.

Source:http://www.nebsmarketingstore.ca/news/business-management/top_outsourcing_trends_to_make_a_small_business_a_success$705.html

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3 comments

  1. JustinGreene01 says:

    Outsourcing is a cost efficient strategy. Instead of hiring a group of people to do tedious tasks like data entry, they can outsource a firm who will do this task for them. I agree with your post that there are different trends in outsourcing. It can be in the field of web design and management, data entry or payroll. I exceptionally like the trend of outsourcing payroll since it is considered the most tedious and sensitive non-core business process.

    Payroll (Colorado) firms and accounting companies have a sophisticated software that can manage employee information, compensation and tax liabilities. This can effectively organize company expenditures without wasting too much time. Another benefit that they can get from outsourcing payroll is the avoidance of penalties. Delay in payment is usually perceived by the federal government as an act of theft. Prompt payment through outsourced firms can save the business owner from such worries.

  2. JustinGreene01 says:

    Outsourcing is a cost efficient strategy. Instead of hiring a group of people to do tedious tasks like data entry, they can outsource a firm who will do this task for them. I agree with your post that there are different trends in outsourcing. It can be in the field of web design and management, data entry or payroll. I exceptionally like the trend of outsourcing payroll since it is considered the most tedious and sensitive non-core business process.

    Payroll (Colorado) firms and accounting companies have a sophisticated software that can manage employee information, compensation and tax liabilities. This can effectively organize company expenditures without wasting too much time. Another benefit that they can get from outsourcing payroll is the avoidance of penalties. Delay in payment is usually perceived by the federal government as an act of theft. Prompt payment through outsourced firms can save the business owner from such worries.

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