ChrisDucker.com

Helping Entrepreneurs Go The Distance In Business… And Life!

What is Outsourcing and How Does it Actually Work, Anyway..?

what-is-outsourcing

Following on from the last post that I did on outsourcing, I received quite a few emails on the subject, as well as having a TON of visitors signup for my free bootcamp course (make sure you also do this if you haven’t already, at the bottom of this post, or on the top-right side of the site!)…

I thought a quick breakdown on the subject might be welcomed. So, here it is…

Outsourcing is also known as Business Process Outsourcing (BPO). This is the process of hiring another individual or company, either domestically or internationally, to handle business activities for you. It has become a common business practice that allows small and medium-sized businesses to gain services and skills they would usually find hard to develop, because of either financial or manpower restrictions, or possibly a combination of both. Meaning, you can grow your business as and when you need to, without any major investment.

It also allows your business to focus on core competencies and, more importantly, cut costs and improve efficiency, all very much hassle-free. As time has gone by over the last decade or so, business owners now realize that there are many reasons that companies, both big and small, outsource various jobs, but the most prominent advantage seems to be the fact that it saves money.

…

READ POST

How to Identify a Professional Outsourcing Partner

Location: Starbucks, Cebu – Reading Time: 6mins

I’ve been getting a lot of email lately from people wanting a little more information on outsourcing, and more specifically the different ways to be able to outsource work, systems, processes – you name it. So, here’s a brief run-down on how to identify a good quality outsourcing partner.

If you’re an individual seriously looking into outsourcing life, or even a company owner that wants to offload some of your business routines, or perhaps even all of them, you basically have two pretty major options straight off the bat. One option is to keep things a little closer to home and chose to outsource to a domestically based company, in your own country. At first this might seem like the easier option – same time zone, same language, etc., however, the costing of this type of set-up isn’t going to be all that different than doing things in-house yourself.

Some business owners find it hard to let go, it’s in our entrepreneurial blood, they say. So, if you simply don’t want to rent additional space, or hire the people yourself (but still want, or need the work to be done) then embracing the virtual business way of getting things done might be your best option….

READ POST