What Is Outsourcing?
There’s been a lot of buzz and both positive and negative press on outsourcing
over the last few years. You hear a lot about “lost” jobs and big companies
changing the way they do things. But what is outsourcing, and how can it help
you make more money?
In its simplest sense outsourcing is just paying someone else (a third party) to do
something that either you, or an employee or yours, could do, but is better done
by someone else.
When you go to the dentist, you’re not “outsourcing” your dental work because
you couldn’t do it yourself – even if you happen to be a dentist too.
On the other hand, if you hire a service to clean your house or mow your lawn,
that really is a form of outsourcing – because it is something you could do, or
hire people directly to do, but that it makes more sense, and probably costs less
money, to have someone do who specializes in it.