Outsourcing no longer only refers to overseas sweatshops where employees work long hours for meager pay. Outsourcing now also occurs domestically and often at prices that are more than generous.
Thanks to savvy entrepreneurs such as Virtual Assistants and Online Business Managers, who realize the benefits of offering their services on a contract basis, outsourcing has become the wave of the future! This reading will take a look at how outsourcing to a Virtual Assistant can actually lead to superior work production and increased profitability.
Top Quality Work from Industry Experts
One of the most advantageous aspects of outsourcing to a Virtual Assistant or Online Business Manager is the ability to employ industry experts for the completion of certain tasks. This becomes beneficial in situations where a business is faced with a complex problem which is beyond the expertise of the owner or any additional in-house employees.
Although the business may pay a hefty sum for the individual’s services this fee will likely be significantly less than what it would have cost them to solve the problem their own. The amount of time it would have taken coupled with the potential for costly mistakes makes it clear outsourcing is the right decision in this scenario.
Another scenario where tasks may be outsourced to an industry expert is when the business is faced with the task of performing more work than they are capable of handling. During aggressive deadlines or unexpected delays, outsourcing can be used to complete projects according to unyielding deadlines.
Flexibility in Scheduling
Many businesses balance the workload they take on based on the number of employees they have. If the business is a one person show, then this really puts a strain on the amount of work that can be completed and any given time. However, outsourcing to a Virtual Assistant or Online Business Manager gives businesses the ability to consider accepting more work.
An example of when this is beneficial is when consultants are awarded more projects than they had anticipated and are suddenly in a situation where they are not able to meet their deadlines due to larger than anticipated workloads.
Another advantage of outsourcing is the ability to take on larger projects than usual. One of the simplest factors often considered when there is an increased workload is the number of staff members (if any) available to work on a project. Clients evaluate this number with their project needs and schedule to determine whether or not they think their team is capable of completing the project on time. Business owners who outsource portions of their projects are effectively able to increase the productively levels on a particular project.
Reduced Operating Costs
Finally, outsourcing can help business owners to produce higher quality work by enabling them to reduce their operating costs. Having a Virtual Assistant or Online Business Manager can save companies a great deal of money because they often do not have to pay benefits to those who perform work on a contract basis. Additionally, Virtual Assistants or Online Business Managers typically do the work from their own office meaning the company does not have to provide resources for the individual. Although these costs may seem trivial, they can really add up especially if outsourcing is used on a regular basis.
Combined with reduced operating costs, many business owners find that productivity is increased through outsourcing. By outsourcing work to qualified individuals, such as Virtual Assistants or Online Business Managers, the business owner or in-house employees are free of additional responsibilities and can focus exclusively on the tasks they were hired to perform or the strategic growth of the company. This is significant because without outsourcing these same employees might be tasked with attempting to perform complicated tasks for which they are not properly trained or qualified.
When this happens, there is a significant decline in productivity as the employees take longer than necessary to complete the more complicated tasks and do not have time to complete the simpler tasks.
Interested in learning more about how a Virtual Assistant or Online Business Manager can do for your business? Schedule a call with me today!