As a small business entrepreneur, you may feel that you must control every aspect of your operations. This may be especially true if you view your company as your offspring. Stories of hostile takeovers or companies that changed dramatically post-merger may lead you to believe that your organization has to perform every aspect related to your operations. With so many plates to keep spinning, outsourcing some of your operations to other business entities can free up your resources for the things that really matter, such as growth and building market share. Here are things to consider.
The Nitty Gritty on Outsourcing
Outsourcing refers to an agreement or contract where one company provides particular services to another. The term is a shortening of the phrase “outside resourcing.” Imagine running a firm that provides construction management services. In addition to providing construction oversight services on multiple projects, other parts of your operations