7 Reason Why You Should Offshore Your Business

It is the simple process of offshoring your business processes to places like the Philippines where you will receive a high standard of service at a fraction of your operational costs.

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“ What if there was a better, faster, smarter way to do business which will actually increase your revenue and save you up to 70% on your operational costs?”

The natural state of a business is to grow and yet sometimes this gets harder and harder to do with the increasing costs to employ new team members to make this happen.

Here is an example of the top challenges facing small business today.

Please change this graph and make it smaller and in a circle pie please.

Then there is all of the other factors to think about which are all added costs to your business and a huge amount of money when you are trying to grow being:

• Insurances

• Office Supplies

• Parking

• Rent

• Utilities

• Phones, computers & Wi-Fi

• Desk, chairs and office equipment

• Anything else you need on a daily basis

So why keep doing business the old way?

Struggling to grow your bottom line, wanting to grow your business but finding the revenue and skilled work force just to hard to do whilst you are focusing on your core business.

Is it any wonder that 97% of Australian business are shutting their doors, these results have startled everyone!

According to the Australian Bureau of Statistics, more that 60% of small businesses stop their operation within their first three years of their journey.

What if there was a better, faster, smarter way to do business which will actually increase your revenue and save you up to 70% on your operational costs?

Well now there is, and it has been around for quite some time and you only a small percentage of businesses are taking advantage of the global economy to make this happen.

Outsourcing is far from new- businesses have been outsourcing work for years and even decades.

It is the simple process of offshoring your business processes to places like the Philippines where you will receive a high standard of service at a fraction of your operational costs.

There are so many tasks that can be outsourced these days, some of those being:

• PA’s / VA’s

• Human Resources

• IT operations and people

• Administrative Tasks

• Accountants – Accounting and financial Duties

• Digital Marketing & Social Media

• Web Designers

• Draftsmen and Cad Drawers

• Any service-related people your business might need.

According to Aussie Dailies:

Globally, in 2017 36% of all healthcare services, 32% of HR services and 31% of IT services were outsourced by companies and businesses according to some sources, and indications are these figures are growing in 2019. In Australia, more and more businesses are seeing the value in outsourcing significant parts of their work.

These statistics are growing more and more as we head in the 2020. There will be further outsourcing trends worldwide.

So why should you outsource segments of your business?

1. Reduce Your Operational Costs. Outsourcing your workload to a talented individual in a specific area will improve your bottom line by decreasing the costs of a full-time equivalent employee whilst giving you access to an expert talent pool while all of the operational costs to do so are taken off your hands.

2. Loosing focus of your core business. We all know what we need to do to grow our business and yet sometimes it is not that easy when we have all the mundane things to take care of as well. By outsourcing your business, they can take care of your systems and processes whilst you get back to growing the business and turning it into a profitable asset.

3. You Are Not Meeting Your Sales targets. Finding the time to hire new people can be hugely time consuming with most businesses know they need to do this but there is just not enough hours in the day. Not to mention the time it takes in training up someone new. By offshoring the mundane and administrative tasks in your business, you will be able to free up many hours in your day and get back to making those so important sales to stay in business. Not to mention, when you endeavour to onboard someone through outsourcing, all of the HR tasks from the sourcing, to the interviewing to the hiring of the perfect candidate is all taken care of for you.

4. Your Administrative Costs are Skyrocketing. You keep doing business the same way that you have always done it, every day, the same way. By simply outsourcing your everyday repeatable tasks to some else who will save you money you will have more time to focus on the tasks at hand and therefore improve your workplace efficiency whilst improving your bottom line.

5. You are falling behind in your day to day tasks. When we own a business, we all know what needs to get done and yet, most of us find it hard juggling from what is important and urgent vs important and not urgent. It’s hard to find the balance when you get on that hamster wheel. Everything needs to be done which includes, HR, payroll, social media and administrative tasks. Take a moment and ask yourself, why is your business still doing all of this on its own.

6. Your Internal Team Will Have the Time to Focus on Growing Your Business and Profits. When we own a business, we have so many things to get done. We hire experts in certain areas and set out their scope of works that we expect them to do. When a business is growing and we have not got got enough resources, we start to share the workload with the team members. What this is actually doing is diminishing what you hired those team members for in the first place. By outsourcing the work load and giving back some time to your internal work force means that they can improve the quality of work that they are producing, it will then increase their confidence which means they can assist you in growing your business and making you more money.

7. Business is just not fun anymore. What if you keep doing what you have always done while your competition moves miles ahead of you because they are taking advantage of the new way of doing business and outsourcing their work. How will you feel this time next year? According to…….Neil Patel, let's just have a look at the cost saving and growth you could have just by outsourcing your data entry. Of those companies that have outsourced data entry, 82% say it enhanced their overall management, according to Cogneesol.

If you want to take action now and take your business to the next level, we are here to help you improve your business, increase your financial position and enhance your lifestyle.

Simply give us your details below and one of our associate will contact you within 24 hours. Remember….. we are always here to help you take your business to the next level.