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Hiring a consultant is the surest way to know whether your business is operating as efficiently as possible, and ensure that you are accessing your maximum market penetration. Use a consultant to discover the strengths and weaknesses within your business and put that new information to work.
The top 5 advantages of using a consultant:
1. Consultants see situations that have gone unnoticed by regular staff.
2. Consultants upgrade the education and experience of your s ...more
In any small to medium-size business, there comes a time when you don't know exactly what to do or how to do it. That's when you need an outside appraisal of your business and the way it operates. Too many businesses fail as a result of insular thinking. Sometimes, you're so close to the trees, it takes an outsider to see the forest. Don't let your business succumb to stuck-inside-the-box thinking. Read on to find out how to recognize the need for a consultant.
Hiring a consultant ...more
In today's day and age companies can ill afford to take on full time equivalent employees to manage functions which can be easily outsourced. In fact most businesses today, particularly in marketing, can not afford to keep a large marketing staff, but they still need to complete those vital marketing functions. Companies are going to a much more of a virtualized model and the fundamental relationship between employees and employer has changed. Companies are often using a make or buy criter ...more
There are several distinct advantages to outsourcing your bookkeeping functions. First and foremost is saving money. Having said that don't step over dollars to pick up dimes. You get what you pay for and if you don't pay for quality than you won't have quality service. However, you can save money by outsourcing because you won't be paying for employer payroll tax expense (FICA, FUTA and SUTA) workman's compensation and general liability insurances, vacation time, sick time, health insura ...more
Early on my online business career, I was a jack-of-all-trades.
I was the webmaster The telemarketer The banker The accountant The copywriter The traffic specialist The butcher The baker The candlestick maker And on and on it went
If it needed to get done, I had to do it, as I was a Solo-Preneur, a one man money making machine.
Then I learned how other successful people were saving time, making more money and ha ...more
Outsourcing means to take a company's business and other processes to an outside firm. The outsourcing process is mainly handed over to an outside or overseas firm which specializes in providing the required services. There are different segments of business which can be outsourced. Some of the outsourced segments of business process are customer support system, call centre functions, human resources, research processes, engineering services, IT operations and accounting outsourcing besides m ...more
If you are not experienced in outsourcing, consider hiring an experienced outsourcing consulting firm to help you through the process. Generally the large accounting firms and outsourcing vendors provide excellent support for large scale projects, and there are a number of smaller firms that can help the small and mid-size companies. If you want to manage the process on your own, even the most sophisticated project management techniques can be broken down into four simple project management ...more
In the first article, "Why Should Your Company Outsource?" I summarized two major types of outsourcing, Business Process Outsourcing (BPO) and IT Outsourcing (ITO). In this article will describe the unique benefits of outsourcing for small to mid-sized, growth oriented companies with sales ranging from $20 to $250 million.
Top 10 Reasons Companies Outsource
1. Reduce and control operating costs 2. Improve company focus 3. Gain access to world-class capabi ...more
Outsourcing is generally associated with large corporations, massive layoffs and cost cutting. However, the outsourcing game has recently become even more interesting now that the domestic and offshore outsourcing industries are beginning to provide outsourcing services to small and mid-sized companies.
What is Outsourcing?
Outsourcing is the practice of hiring a third party outside contractor to perform some portion of a company's business activities. Outsourcing should ...more
In the US it is mandatory for medical professionals to keep an accurate medical record of all aspects of a patient. The medical professionals gather the data related to the patient in audio format by using a dictaphone or voice recorder. The details of the patient are then transcribed in text form. This process of transforming dictation of physicians and other healthcare professionals from audio format to written text is known as Medical Transcription (MT). This written text may be stored ...more