Outsourcing bookkeeping by small businesses increases accuracy as far as accounting is concerned and allows business owners to gain access to accurate and relevant information in just a little time and effort. On the other hand, deciding to subcontract can be perfect for businesses that find bookkeeping to be difficult, time-consuming and hard on the resources of the business or budget. Outsource bookkeeping services can offer export bookkeeping services for little amount than would cost a business to employ a full-time staff to perform similar operation,

The Reasons for Deciding to Outsource Bookkeeping

As a matter of fact, bookkeeping is a difficult and time consuming task that needs a professional to handle in an organization. As a result, not all employees are skilled and qualified enough to handle the bookkeeping needs of a business. Outsourcing bookkeeping services let a small business focus on the important aspects of the business, save time and money simultaneously.

On the other hand, outsourcing bookkeeping gives a small business access to the know-how of accounting professionals together with the accuracy that comes with years of experience in bookkeeping. Every now and then, small business owners will outsource the accounting aspects of their business to another company as it allows for reliable reconciliation, and it is helpful when it comes to fraud prevention.

How Can Bookkeeping Outsourcing Be Cost Effective?

Bookkeeping outsourcing can really be more cost efficient to a small company than hiring in-house staff to get the work done, despite the fact that it might be counter instinctive. No wonder business owners who decide to contract out their accounting face a reduction in their employer payroll taxes.

You don’t need to pay salary to a full-time bookkeeper or accountant and no training, screening interviews and classified ads is important to employ one. You don’t have to fund workers compensation insurance or retirement plans for a full-time bookkeeper, if you decide to outsource bookkeeping. Furthermore, there are no sick or vacation days to be considered for any employee to work as a bookkeeper.

Furthermore, you don’t have to crack your brain about office equipment, space and supervision that you will need to accommodate full-time employees to keep up with accounting for the business, thereby using the money saved from that to sponsor more urgent projects and purposes in the business.

Final Thoughts

As business development is dependent on the financial record, businesses need adequate care when handling this part of their business. This is an area that requires a professional to handle and must not be ignored or taken with levity hands. However, outsourcing bookkeeping will solve this problem once and for all because these outsourcing bookkeeping companies are team of qualified accountants of repute. They will handle this area of your business in a professional way and they won’t compromise quality.

Outsource bookkeeping today and enjoy the benefits!

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

If you are one of those who think that foreign outsourcing benefits can only be availed by multinational companies which have economies of scale alone, then you have missed it. Small scale businesses looking for ways to reduce their operation costs can also enjoy the privilege of outsource to foreign countries.

More than a few small companies are unable to provide and manage specific services, which can be rather expensive for small companies. These businesses can however use the possibility of outsourcing to foreign countries with lower cost economies and this will be much cheaper than providing such a service in-house. Different companies have now begun to discover how they can make use of foreign outsourcing to boost their businesses nowadays.

Quite a number of them even concluded that today outsourcing is a must if a particular organization wants to be competitive. All successful companies across the world understand the fact that a company must reduce costs, employ latest high-tech innovations, ensure good quality of products and services provided and remain creative and reliable, in order to be the best and remain on top. Foreign outsourcing is one of the best and easiest ways to achieve all these.

When we look at outsourcing to foreign countries system from the employees’ point of view, it is not profitable to them as they have to work for less or lose their jobs out-rightly as a result of the increased imports. In view of this fact, questions of equity and efficiency have to be addressed with care. There should be a way to reduce the harm associated with foreign outsourcing without having to sacrifice the benefits of this type of outsourcing.

Businessmen look out offshore partners for boosting the efficiency of their business, as politicians argue concerning the pros and cons of outsourcing to foreign countries. Consequently, every responsible executive must think about certain rules of the correct offshore outsourcing, prior to beginning to search for outsourcing firms.

However, there is need to consider the following:

• Whether you want the foreign outsourcer located abroad or in your own country.
• Quality of work differs from one outsourcing firm to another and why looking for the cheapest is not always the best choice.
• Think about the possible language barriers or problems as well as time differences. While time differences in a particular country may be beneficial to your business while some may not.

Final Thoughts

Without doubt, foreign outsourcing is without blemish. However, make the choice of a particular country before making the final decision about outsourcing to a foreign partner. The list of countries with outsourcing centers is not large. Nevertheless, each country has its benefits and shortcomings for a certain business.

Hence, outsource to an Indian firm, where many of the employees speak English as their first language, if you are in need of the services of a call center among other factors you need to put into consideration.

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

Back office outsourcing is essential for the success and smooth running of just any business. Outsourcing back office is a good choice through which you can get the back office work of your business done in a hassle free process. More businesses are being outsourced nowadays. This is due to the fact that outsourcing is an inexpensive method to get your work done. With this type of outsourcing, related queries and worries can be solved within the time limit.

Why Choose Back Office Outsourcing?

Convenient

Outsourced back office is much more convenient than employing in-house staff as you will have to pay them huge salaries and other allowances to get the job done. You will spend less when you outsource the back office of your business. It is not only profitable, but will also lead to productive results.

Saves Expenditure

Apart from being convenient, outsourcing back office also saves the expenditure of the company and the residual can be used to take care of some other productive things considered important to your business. Moreover, it saves the time of the experts as they are able to perform their functions more efficiently and fast.

Reduce Cost Drastically

All businesses these days are now outsourcing back office, whether the business is big or small. This is due to the fact that it reduces cost to a great extent. If the work is done with the help of the in-house personnel, you will spend a huge sum of money, while the same task can be completed at half the cost and time.

Eliminates the Burdens of Unnecessary Paperwork

This is the computer age and one should no longer rely on too much paper work. Business owners who don’t like the idea of doing unnecessary paperwork opt for outsourcing for their business. No wonder back office outsourcing is gaining popularity every day. Simple tasks involving making travel plans, imputing data for payroll, entering data on information concerning employee insurance and lots more can be addressed this procedure. As a result, you can share your workload burden with the third party, who will do the work in an orderly and effective manner.

Tips for Outsourcing Back Office Effectively

There are some important things you must understand before you can effectively outsource back office. These are:

Security Measures – The Company you choose must have adequate security to safeguard your business data.

Quality and Progress of Work – You should keep yourself updated about the quality and progress of work offered by outsourcing company. This will help you track the efficiency of the work done.

Technical Know-how – Always remember that back office outsourcing is the backbone of any business, and therefore need competent hand to handle it. Therefore, outsource your back office work to a specialized company with years of experience on the field.

Bottom Line

Back office outsourcing can only be one of the easiest functions to outsource, if only you know the tips and tricks. If are making up your mind to outsource your back end to a third party therefore, make sure you choose a specialized outsourcing firm that will offer you quality and perfect service.

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

A lot of firms and companies outsource business services heavily nowadays. The reason is not far-fetched. First, they’ve discovered the astonishing cost savings that come with this business solution. Secondly, these firms, especially the small businesses are taking advantage of outsourcing to gain access to highly skilled labor that they wouldn’t have been able to afford if they want to employ these professionals in a conventional manner. One thing is sure, outsourcing is a very rewarding business tool.

But, how do you leverage outsourcing in a strategic manner?

Identify The Need to Outsource

While outsourcing is no doubts a rewarding solution for business, you need to identify its need in your business before embracing it. For instance, if you are a small business at the developing stage, and can manage the present undemanding tasks at this developing stage, you may not outsource your business function at the moment.

However, when growth kicks off, tasks start to increase, and you no longer pay adequate attention to the core competencies of your business, it may be time to consider outsourcing.

While you may think of hiring an employee instead, remember that you will save huge cost when you compare this decision with outsourcing. You will need to create an office space, buy office equipment s, and incur overhead costs if you decide to hire a full-time staff. On the other hand, you will bye-pass these huge costs by opting to outsource business services instead.

So, by identifying if there is need to outsource or not, you will end up with the right outcome. In essence, don’t outsource just because your competitors are doing the same. Do an inward search, analyze your business capacity and determine if you are better off without outsourcing at the moment.

Be Thorough When Hiring a Provider

Also, in order to achieve the desired goal with outsourcing, you need to be thorough in hiring a provider once you identify the need to outsource. The same standard for hiring a full-time employee is required when seeking to select the best outsourcing provider.

In essence, do the following;

• Shop for providers with the skills and qualifications you are looking for. The internet is a helpful tool for this task.
• Pick the best five after screening their profiles thoroughly
• Narrow your choice to the very best using the best selection procedures and standards
• Interview the potential provider extensively and request for references
• Enter into a contractual relationship with the provider, so that the partnership would be a legal one. As a result, a defaulting party can be held liable.
• Set up a monitoring procedure
• Keep evaluating work in progress
• Maintain adequate communication with the provider.

The overall outcome of being strategic when you want to outsource business services is excellent final outcome.

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

It is quite rate to find companies that create and sustain value consistently. While a lot of companies attempt to, studies show that only one in 10 businesses achieved sustainable and profitable growth. There is only one activity that separates the winners from the rest of the pack: they are more innovative in their use of capability sourcing than their competitors.

Companies started outsourcing and offshoring as a means of cost-cutting. But as the trend grows, companies began to use it achieve more than that. They have strategically gained capabilities that they wouldn’t have, if they relied mainly on their in-house resources. Most successful ventures use capability-sourcing strategically for major things, ranging from building world-class talent to bringing new products into the market faster and to enabling innovate their business model. The importance of outsourcing in fact, has gone beyond mere cost-cutting.

Research have shown that leading companies use outsourcing to build the below five strategic capabilities.

1. Global talent.

One factor that adversely affects a company’s ability to grow in emerging markets particularly is the shortage of talents. Outsourcing is a major way to access global talent.

2. Building value-capturing and less risky partnerships.

Even with the increase of sourcing risks, many companies have continued to manage their sourcing relationships, and effectively reducing the risks as they do so. They have always devised a way to exert control. Companies simply regard their external relations as strategic partners and tightly integrate them with their overseas subsidiaries or domestic operations. In addition to these sourcing safeguards, the company also continually monitors its factories overseas to ensure stable quality management systems. You eliminate the risk of a quality issue by limiting potential problems and acting quickly when one occurs to prevent it from happening again.

3. New local market opportunities.

All a company needs to do as new markets emerge, is to find ways to establish a presence ahead of their competitors. A good start would be by making large-scale offshoring investments in key sectors such as manufacturing and sales. You may also want to partner with key local institutions, government organizations and companies.

4. Move products into market faster, boost innovation.

If you are into consumer products, it is important that your products hit the market ahead of your competitors. This is important in a rapidly changing market.

5. Disruption of traditional business models.

You could decide as a manufacturer to spin-off your contract manufacturing operations, outsourcing everything you have a harder time with, to countries that are more favorable in production and human capital. You stand a great chance of using capability sourcing to grow your business and gain a significant market share.

These formulas have been created and constantly replicated and applied by companies. Sometimes they just build an internal organization to effectively manage partner relationships and transfer the experience gotten from one project into the next. It is therefore, advised that you adopt strategic capability sourcing as a way of possibly making a headway in the competition.

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

An entrepreneur is naturally not willing or able to work on all the parts of his business. This is usually due to lack of interest, time or competence. Working on tasks that you’d rather not do is as frustrating as it is counterproductive. Wouldn’t you rather outsource those things to people who are well known to be professionals at it? Now, in case you are facing a difficulty choosing what to outsource, here are three tasks you should outsource to increase productivity and free up your time for other (more important) activities.

Social media

Though many entrepreneurs see social media as overrated, it can be a useful tool to get your name out there in the market. Social media can be time consuming and requires some attention, if you intend to get any result. There are several approaches to outsourcing social media tasks

• Hands-off approach – This involves creating and schedule your social media posts by creating HootSuite account and syncing all your social media account together. What your assistant does in hands-off approach is to create and schedule as many content and just adjust them to match themes and trends.
• Hands-on approach — Here, your assistant dedicates specific hours to social media. This approach is quite similar to the hands-off approach. The only difference is that your assistant interacts with the audience in real-time or frequently.
• Hybrid approach – Your assistant does the creating and scheduling of your social media posts, and also frequently interacts with the commenters.

Public relations.

As an entrepreneur, you probably want your brand to be featured on television and in other popular publications. You need public relations to do this. If public relations are not one of your strengths, it is very important that you outsource it to someone who has relevant PR experience.

Website support.

You will need a lot of website support as your brand becomes more popular. Your website is just like your home. Your goal is to make your website visitors get the best impression of your brand. Although website providers like WordPress have made it easier for you to administer your site, it is not advisable for you to invest much time in it, especially if you intend to grow your brand as quickly as possible. Outsource it to someone else. A good website support professional will keep your website current with content and manage your website audience by replying to blog post comments and answering relevant emails.

In an era like this, where competition is really high, you should maximize productivity by using the most important form of leverage – Outsourcing.

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

The previous article discussed the importance of outsourcing technical support services and the many advantages that come with it. Well there are challenges a company can face when outsourcing technical support services to third-party vendors. We will highlight some of them and how you can manage the situation, and others that, well, you just have to live with. There are always prices to pay, however small, when you entrust your technical support department to a third-party vendor.

One of the possible issues you may face is a possible loss of quality control over your company’s (now outsourced) technical support service. Entrusting your business’s technical support services to vendor somewhere gives them with the responsibility of hiring all experienced individuals they think can serve you and gives them all the necessary training they need to be good tech support specialists. First, you are not the direct employer to the technicians so may not have direct influence. Sometimes your loss of control over what your employees do might make you helpless in situations where your customers don’t get the best they deserve.

The solution this however is to ensure you hire a qualified team. Do proper research and interview the vendor to be sure he and his team know their work. You may also want to come to an agreement with the team leader so you can have the authority to fire individual technicians who do not serve your company well. Your focus here should be to ensure your customers are getting the very best in service.

Outsourcing your technical support can also alienate you from your clients to a certain degree. Distance between your business and the clients and customers that drive your business. This does not mean that you will not know what is going on in your technical support department. Of course the contractor will send all data and information and progress reports to show you how your technical support are ensuring clients’ needs are being handled. The issue here is the lack direct insights from your customers, who sometimes need a face to associate with the company.

While you cannot do much about this, making the contractors work “in your name” or “as you” while still keeping their contract freelance status might help matters.

Finally you stand the risk of the contract vendor potentially exposing company secrets or confidential customer data. While the risk for data exposure is possible whether your business keeps tech support in-house or outsources it, you can at least be rest-assured that your company and customers confidential data is more secure as you hold the security of your company’s confidential data. You have no such guarantees with a vendor.

Doing proper documentation with your legal team regarding this can help protect you to an extent. Another solution however is to pay for your data security. There are vendors who have security in their service packages and will keep your data secure, using some of the best data protection services available.

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

Today several professional employer organizations are rising. They help business owners hire capable hands; thereby freeing the time it consumes to hire staff. It is frustrating for a small business owner to spend time on non-revenue generating activities. Employers see activities related to hiring, compensation and management of human resources as time consuming, taking up to 40% or more of business time. The solution? Hire a professional employer organization (PEO) and make them the legal employers and handlers of the HR, payroll and other related activities.

But should you hire a PEO? Well, not every company should, to know whether or not to hire a PEO; there are several questions you need to consider before making a decision:

• The size of your company: Different experts have varied opinions as to how large a company should be before it can hire a PEO. A general rule of thumb however is that when you notice a slowing down of the productivity of the firm due to administrative processes, you should consider hiring a PEO. While this depends on the uniqueness of a company, this starts to happen when a company gets 10 to 15 employees a week.
• The number of your employees: A company with very few employees or very large employees may not need a PEO. Smaller staffed companies may find it too expensive to hire a HR company, while bigger companies tend to find it easier to have their own in-house HR department. PEOs love to work for companies that have (or want) between 16 and 80 people.
• The composition of your workforce: Hiring a PEO is great for you, if you need various skills that would require painstaking efforts to hire the very best. Companies that only offer a certain product and need just one set of staff may not benefit from PEOs.

Cost of PEOs

Like all other professional services, PEOs prices their services according to the client company and what they require. Industry experts estimate their charges to be from about 2 to 11 percent of wages. They may also charge based on the expense is per employee. With that yardstick, it would run between $500 and $1,500 per employee every year. PEOs usually charge a flat fee for small companies with perhaps two to eight employees. They could charge around $150-200 per month.

Would you like to control your HR functions? A PEO usually partners with the client company and suggests and makes recommendations in their area of expertise.

When you outsource your human resources, they own the employees most of the time, and handles the payment, management and coordination of their affairs. Doing that yourself after hiring them may defeat the purpose. What services do you need? Pick the right PEO, Ensure they are certified and qualified, then hire them. Focus on your business and allow them employ and manage the very best hands for you

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

There are millions of American that are highly sensitive to gluten or struggling with Celiac disease . These people do not enjoy the luxury of visiting their favorite restaurants or eateries to give themselves a royal treat due to the fear of gluten. This is because any food that contains gluten is off-limits for them. This sensor is expected to hit the global market next year and will eliminate the fear of consuming food that is laced with this protein. This is because the device can be used to test any food item for the traces of the protein in less than two minutes.

Before eating any food, drop a small sample of the food into the well of the device where an antibody will take over the mining of the sample for the traces of gluten. If there are traces of gluten in the food, a frowning face will light up. Otherwise, a smile face will appear. When this device hits the market, it will definitely improve the rate at which people eat socially which has been at low ebb due to the risk of exposure to gluten.

It will be highly advisable if the sales of this device can be outsourced. This is due to the following benefits that will be derived from the outsourcing.

Advantages of outsourcing the sales

Ease of distribution: This device will surely be well-accepted by hundreds of thousands of Americans and others who are in daily dread of falling victim of accidental consumption of the forbidden protein. It is important, then, that its sales and distribution should be outsourced to corporate sales companies that have the necessary resources to make its sales and distribution as easy as possible. This will ensure that those who are in dire need of this device will have to wait painfully for long before they will have access to it.

It will reduce sales risk: Since the sales will be targeted towards all the four corners of the country, it may be a bit risky to embark on sales campaign without prior sales experience. The company handling the outsourcing will already have the experience needed to make a success of the sales. Instead of reinventing the wheels, it is better to outsource the sales for better performance.

It reduces cost: It will be more expensive to purchase all the tools that you will need to embark on a successful sales campaign as the tools will come with a price. Instead of thinking on purchasing such tools, the outsourcing company will handle that. This will reduce the cost of distributing the device to those who need it.

These are just a few of some of the many benefits of outsourcing sales. Definitely, it can’t be argued that outsourcing the sales of the device will lead to increase in sales, which will in turn mean more income.

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

For anyone who is in need of reception services for their business they may be considering the option of an outsourced reception services among other options. This is easy to understand when one considers the fact that there are many advantages in using the outsource market. But there are many countries today who are involved in outsourcing and the real question is which countries offers the best outsource service and why.

To properly examine this you must be able to first move past the myths and appreciate the facts. What you must first of all appreciate is that you need an outsource company and one that can offer you good outsourced reception services. These companies are based in many countries like India, Philippines, Australia, etc. With this, the next things you would be considering are the advantages of each country’s outsource business over the other.

Below are 5 features that you must look out for:

Five Factors to Consider before choosing any outsourced reception services

What is the Security Like: A lot of information is exchanged through the reception services of any business and it is important for any business to have some assurance that the information of their clients is secure and safe. Any deviation from this is bad for business. So when choosing a country or a company to provide your outsourced reception services, you would want to consider the issue of security very keenly. That is, how secure is the company’s services and if there are any vulnerability in terms of security if you choose to outsource your reception services to that particular country.

The Pricing is also Key: This is also very important. The whole idea of outsourcing your reception services or any other services for that matter is that you can have a quality work done for a good price. So you would want to know the price ranges that are offered by the different companies in the country of your choice. This would no doubt go a long way in helping you make the ideal choice for you.

Availability of skilled workers: The Philippines may not have as much workers as some other countries like India because they obviously have lesser population especially those within the working population age group. What they do have are more skilled workers which in the long run is what attracts international businesses more.

When you consider the above, you would see why it is easy to pick a company in the Philippines as your outsourced reception services provider. Over the years the Philippines have built a name for themselves in the outsource market based on some of the aforementioned features. This is further buttressed by the fact that their government has also showed support for the outsource business market. This makes them all the more ideal for international businesses.

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