The word outsourcing used to be a dirty word in business simply because it was seen as only something the big, bad corporate conglomerates did when they cut costs and laid off huge swaths of staff to hire cheaper (and often offshore) labour in their place. 

But attitudes, mindsets and the world in general have changed and the word is no longer feared as it once was. In the past, a person would get a job in their 20s and expect (and plan) to work their way up the company until they retired and collected their pension. If their employer turned to outsourced labour, their job and their pension was in jeopardy. 

Today, few people stay at a company for life so outsourcing doesn’t necessarily come at the expense of a pension. And while big companies still export jobs, the word outsource is not always seen as dirty anymore. 

Which is good for small business owners, because for them, outsourcing has always meant something different. It’s still about exporting work but in this case it’s about hiring expertise that likely isn’t already in-house. 

By definition, outsourcing is the practice of using independent contractors or outside firms to complete work that, historically, would have been performed by employees of the company. For small businesses that often can’t afford to pay full time staff for certain duties, outsourcing means being able to hire the expertise they need when they need it. 

It’s about handling temporary work overloads, reducing costs, simplifying distribution, allocating resources and staying competitive with the deeper-pocketed competition. It’s not uncommon for small businesses to outsource areas such as payroll processing, accounting, distribution and marketing. 

By outsourcing, small business owners can focus on their core strengths and meeting their clients’ needs while reducing their overall operational costs. All the while still getting the benefits of having a professional workforce with years of experience. And there’s nothing dirty about that.

 

Share this

Latest Insights

Recent posts from our blog

How to plan for seasonal variances in your cash flow

Have you noticed unexpected seasonal variances in your company’s cash flow? If your business is seasonally-based (a lawn care or snow removal company, for example), it’s normal for your cash flow to vary depending on the time of year. Unfortunately, many companies who shouldn’t be affected by the seasons still experience peaks and valleys in […]

Organizational growth and restructuring: Is your business ready to take the next steps?

Are you planning to take your business to the next level? Before you start growing your company, you need to ensure that your organizational structure is prepped for this major shift. Don’t just jump in head first – make sure you follow our key prep tips to keep your growth sustainable and successful.   3 […]

Do you have a file you need to send to us? Would you like to make a payement?