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Smart Asset defines outsourcing as “the practice of hiring someone outside of your business to complete a specific project or task”. Outsourcing could be advantageous to a very large extent. However, there are a few problems that come with it. In this article, I will be highlighting some pros and cons of outsourcing.
Pros of outsourcing
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Saves cost
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Saves time
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For instance, if you handle several tasks, it is advisable that you handle the more delicate ones and contract a freelancer to take up the rest. This will save you so much time, trying to juggle everything.
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Serves as a source of employment
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Encourages specialization
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Access to more talent
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it’s the same thing while outsourcing. You get proposals from different prospects and make your decision based on your specific needs.
Cons of Outsourcing
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Unfamiliarity with your business
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Communication challenges
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