In-House Or Outsource? That Is The Question!

Compare Business Finance Options

    • checkA range of alternative funding solutions
    • checkBorrow betweeen £1,000 and £5m, rates from 2.5% APR
    • checkFunds received in as little as 24 hours

Written by Michael Foote, founder of Quote Goat, has over 13 years experience working in the finance, insurance and currency sectors.

The world of modern business is a challenging and often complex one. Most small business owners have to start their journey with nearly no knowledge at all. And, this can lead to some big issues. For one, in this sort of situation, a lot of companies will opt for the cheapest options for everything. But, in reality, this isn’t always the best way to go. One of the biggest examples of this comes in the form of the outsourcing debate. Should you be opening your own offices, factories, and other premises? Or, should you be using ones owned by someone else? To help you to make this decision, this post will be going through benefits of both methods. And, some ways to get started.

Outsourcing has been very popular amongst businesses for a long time. It’s almost always cheaper than doing things yourself, as you don’t have to pay for the infrastructure and other resources required to run this side of the business. Alongside this, it also gives you the chance to scale your business with much greater ease. As your business grows, your outsourced work can grow with it. And, this is a lot easier than moving to a new building. And, finally, outsourcing is a great way to take issues like compliance out of your hands. You won’t be employing anyone directly. So, you won’t be responsible for their safety or quality of working environment. Instead, you will just get to enjoy the work that they do for you.

If you decide to do things in-house, you will quickly notice the increase in freedom you have. Being in complete control of your workers and the jobs they do is a great way to ensure that your standards are always met. It will be a lot easier to make changes to your processes, too, when you’re handling them internally. Of course, this sort of method will usually cost a lot more. But, in return for this cost, you will have a lot of physical assets. For example, when you’re setting up an office, you’ll have to buy loads of computers. As you don’t need these resources, in the future, you can sell them off, making some of your money back.

The way that you get started with your in-house work will depend on the work that you do. If you are a manufacturing company which has been making its products in China, your own factory could be a great way to improve quality. If you’re setting up an office, you won’t have to buy so many large items. But, you will have to invest in a lot of computing technology. In most cases, it can be best to have a consultant help you with this sort of job.

Hopefully, this post will inspire you to think twice about outsourcing your work, in the future. There are benefits to both of these methods. But, the freedom and flexibility you get with in-house work can’t be beaten. So, it could be worth it for your business.


Leave a review

Your email address will not be published. Required fields are marked *