The dream of all entrepreneurs is to build a successful and flourishing business. Unfortunately, only a few of these entrepreneurs always fulfill their dreams. While it is a rewarding and exciting venture to float a business, the road to success is full of challenges if adequate outsourcing strategy is not adopted. As a matter of fact, nine out of 10 of startups fail because of poor management. Business outsourcing is one of the ways to keep your business from being a start-up casualty.

Generally, here are the costs of building a business:

• Marketing and Sales
• Wages and Benefits
• Cost of Sales
• Administrative Costs
• Technology Costs
• Professional Fees

These costs can run up to millions, depending on the type of business and scale of operations. To be successful, it would be more prudent to keep costs at the barest and use your resources wisely, even if you had access to seed funding. Just any business function can be handed over to a service provider – with the aim of relying on outsourcing solutions that best translate to greater efficiency and cost savings.

Here are a few business outsourcing solutions to consider:

Customer Support

Customer support can make your business stand out from the crowd in saturated and extremely competitive markets. This is the reason for call center outsourcing operations by many companies. Offshore destinations such as the Philippines are home to business outsourcing companies who are professionals at outsourcing call center services. The talent pool in Philippine is comprised of experienced employees, a lot of whom are considerably knowledgeable in sales and customer support.

Finance and Accounting

Small businesses do only perform excellently well with simple software and accounting packages such as the Quickbooks, but the human capital would be your biggest expense in this aspect. Employing and retaining qualified professionals can be expensive. Fortunately, there are a lot of finance and back office accounting outsourcing firms in the market. To save you time and money, think about outsourcing all your finance and accounting functions.

Manufacturing

It is a tedious and time-consuming endeavor to build a manufacturing plant and manage the everyday operations, particularly if you have large-scale operations in mind. Purchasing equipment, screening and employing a workforce, and buying and maintaining facilities will take a large portion out of your resources. Foreign outsourcing of assembly work and manufacturing to foreign outsourcing firms will get the work done cheaper and efficient.

Final Thoughts

Business outsourcing enhances business development and cuts back on costs. You and your employees will focus on what you do best by outsourcing the functions that don’t promote inventiveness or innovation but are rather imperative to day to day operations. Outsourced business services also allow you to devote extra time and energy to critical decision-making and high-level tasks. Why not discuss with an outsourcing service provider today to see how outsourcing will profit your business.

Daven Michaels is a New York Times Best Selling Author and CEO of the premier global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.