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When opportunity costs are figured into the cost-benefit mix, outsourcing even non-core functions can become strategic. How much faster could you grow your company if you spent more time leveraging your strengths? This article explores the cost effectiveness of the practice and offers valuable tips for getting started. Key: Choosing the right tasks and the right partners.
Mason Kauffman launched his first company with himself as the only employee. He quickly embraced outsourcing as the savior that would allow him to leverage his core competencies. He knew that's how his company would grow. Along the way he learned a lot about the ins and outs of outsourcing. He shares some of those lessons here.
Document destruction probably isn't at the top of your to-do list. But, increasingly, it's becoming a critical business function-and not just for companies with super-secret technology. With identity thieves afoot, for example, even basic personnel information that's gone astray can lead to expensive and distracting lawsuits. This article offers an insider's view of why even small firms should seriously consider outsourcing this function as the most secure, efficient, and economical way to ensure confidentiality.
The devils plaguing entrepreneurs who outsource are indeed in the details. Getting it right involves sidestepping five common pitfalls and following five commonsense practices. Basic to a successful outsourcing relationship: Does everyone agree on what the deliverables will be?
This entrepreneur and her partner outsourced its contact list to save time and money in designing and sending out an electronic newsletter. She cites three service features that made the cost affordable, the process easy, and the impact on their business remarkable.
Job seekers need to be competent in three areas in order to compete in the global work market. These are Communication- the ability to learn and unde
With the recent opening of Ottawa’s newest co-working space, the city might be seeing an emerging trend towards shared offices.
Currently, there are two co-working spaces: Freedom Café, which opened last month, and the Code Factory, which opened in May 2008.
Only 31 percent of employees are engaged at work, and 17 percent are actively disengaged.
This entrepreneur thought he had built in adequate legal protections to ensure his partner in a new venture would not get full control of the business. When the partner was ready to sell the company, however, the entrepreneur discovered he didn't have the leverage he needed to stop the company's sale.
Les Spero tells the story of business operations challenges he once faced that led him to create technology to help businesses like his become more efficient and profitable.
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