Outsourcing diagram
Most businesses prefer to keep their back office services internal, which makes sense for a number of reasons, including confidentiality and control.
If you’re a startup business or sole trader, then it may be more sensible to outsource selected areas to a specialist providers, to allow you, the business owner to focus on core business, growth and strategy. Not only will it free up your time to concentrate on your best work, it will relieve the pressure of trying to spread yourself too thin.
During the setup of my new business, I chose to outsource my business registrations to an accountant. Not only did this ensure I was compliant to Australian business trading requirements, but I also received great professional advice and a discount when purchasing my accounting software.
For more, check out this Tech Republic article on outsourcing.
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