A STRATEGY FOR BUSINESS EXPANSION
Successful business owners know that in order for their businesses to thrive, a great deal of time, effort and resources go into their company everyday. Everything from sales, marketing, and customer service to billing, bookkeeping and general administration must run well in order to build and maintaining a successful business overall.
Yet no matter how large or small the company, every business has limited resources. Allocating these resources wisely, so they have the maximum positive impact possible, becomes crucial to a company’s survival.
This is where outsourcing can be a crucial part of a company’s strategy for expansion or growth. Why is this important? Just like a plant or any living being, if a business is not growing it is dying.
An outsourced organisation should provide or recommend effective procedures that will benefit your business, and continue to implement and support them if needed.
There are various areas that a company can utilise outsourcing to help them with expansion.
Ø Sales
Ø Marketing
Ø Billing
Ø Bookkeeping
Ø Payroll
Ø Accounting
Ø Taxation
Ø General Administration
In fact outsourcing certain areas in an organisation allows a business owner or manager to allocate resources into areas in which the business has a competitive advantage. For a small business owner it allows more time to spend with the family or spend on other enjoyable aspects of life.
We currently outsource many household jobs in our personal life but some small businesses still have a problem of handing over parts of there business to somebody else. Some areas in the home people currently outsource are:
Ø Laundry
Ø House cleaning
Ø Child care
Ø Carpet cleaning
Ø Income Tax Returns
Why do we outsource the above?
1) Leave these chores to others who perform the task quicker
2) So that we can do other more interesting things in life
3) We can earn more money in our current jobs than doing these tasks
4) We may not have the knowledge to perform the above tasks
Outsourcing is already part of our everyday life, so as business owners or managers, why isn’t it part of your business strategy.
There are many benefits from outsourcing various functions of an organisation; one function in particular is the accounts department. The advantages of outsourcing the accounts department:
Ø Allows for an objective outsider’s perspective
Ø Allows you to maintain your agility & flexibility
Ø You do not have to invest in a costly infrastructure
Ø Allows optimisation of in-house talent
Ø Customised solutions implemented through professionals and/or in-house training
Ø All tasks are handled by specialists
Ø Minimise recruitment costs
To find out how outsourcing can positively affect your business contact Ingere who can provide full accounting services from as little as $500 per month, including AP, AR, Payroll and General Ledger, Financial statements such as a monthly detailed profit and loss statements and cash flow reports.
Call Umbara Kerta on (07) 3264 8384 or 0412 432 787.
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