OUTSOURCING
outsourcing
professional
services
F
rom the lemonade stand to the corner office, you always knew you were born to be your own boss. So, you did your research, wrote your business plan, won over investors, raised capital from family, friends, and even the bank, you even hired employees by leveraging company assets in place of a benefits package. So now that you’re ready for business, what’s next? Directing sales? Growing a loyal customer or follower base? Developing a strong brand or enhancing your market’s positioning? Leveraging your competitive advantage? Streamlining operations? All the above? Establishing or growing your business can feel daunting at times. However, you do not have to do it alone. American author, political activist and lecturer Helen Keller once said, “Alone we can do so little, together we can do so much.” Regardless of your company’s position in the marketplace, level of success, size or life cycle — whether a sole proprietorship, small startup, second-staged firm or a large-sized corporation, you can bridge any gap
Story by: Xposure Consulting Firm
Top 5 Reasons Why Businesses Should Outsource
by strategically hiring a consulting firm. Neither you nor your team have to be all things to all people — at least, not any longer. Here are the top 5 reasons why you should consider outsourcing your professional services’ needs:
Saves time and money. Hiring and onboarding the right talent is not only timely, but also expensive. When calculating an employee’s wages, one must consider the basic salary,
47
employment taxes and benefits. The costs to this point are typically in the 1.25 to 1.4 times base salary range - e.g. the cost range for a $50,000/ year employee might be $62,500 to $70,000.1 These costs do not include recruitment, whether using a recruiting platform or in-house human resources professional, or training and development. However, hiring a consulting firm eliminates the need for costly positions.
Reduces workload. Hiring a consulting firm will free you to run your business. For instance, you will no longer have to conduct selfguided research on the latest industry trends for fields that may not be your area of expertise. It also frees up your team to do just what you hired them to do — grow your business. Outsourcing business functions, such as accounting, marketing, event planning or even human resources, will lighten your team’s workload and ensure there is constant focus on the task at hand. A more manageable and realistic workload increases productivity, spurs creativity and bolsters morale.
