The Australian economy faces multiple challenges like slow economic growth, receding job growth rates and crippling household debts. Until now, the economy has not seen any major economic recession for the past 25 years, which most economic commentators have remarked on as an incredible feat. With a possible economic downturn on its way, business owners should be taking steps to safeguard their businesses against these downward trends.
Outsourcing activities is one strategy that many Australian businesses can employ to cut their costs in the future. Outsourcing activities such as accounting, marketing and printer and copier management is a great way to slash your business expenses while improving workplace productivity. On the one hand, it allows your business to still get the work done, on the other hand, you’re getting it a lower cost and often, in a much more efficient way.
What operations can businesses outsource?
A recent workplace study found that almost twenty seven percent (27%) of companies already use outsourcing as a cost reduction strategy, and if you are a small business owner, remaining competitive in 2023 is going to be a challenge, so getting the edge over your competitors now through outsourcing is crucial in order to survive and drive growth.
Content marketing and social media
Handing over your social media and content marketing management to an expert is a great strategy because they have the expertise on how to best reach your target audience. They also have the knowledge needed to create engaging content that clients are interested in.
Besides also saving you time, your business will benefit from improved branding. Successful social media campaigns can boost your business branding and give you the edge in 2023.
Printing and copier management
In today’s environmentally conscious climate, companies are conscious that every page printed comes at a cost to the business and the environment. Printech is Australia’s premier printing solutions company. Outsourcing printing to companies such as Printech is a great business cost saver. Rather than having an entire suite of printers and copiers, Printech has ‘ready-to-go’ plans and tailored managed print solutions to match your business needs.
We have many printing solutions packages available, such as our popular ‘pay-per-print’ plan, priced at just $99 per month. This includes the monthly rental fee and allows your business to pay for just the jobs that have been printed. It’s a perfect outsourcing solution for small to large businesses. Printer rental is not only cost-effective, but also you get upgraded products, free delivery and installation, a low copy cost, and it is fully tax deductable.
Slash your overhead costs by outsourcing your accounting to a third-party provider. Small businesses are less complex in structure than large corporations, so outsourcing accounting can often be cheaper for you than hiring an in-house accountant. Aside from that, your new accountant is likely to improve your current accounting processes, allowing you to get accurate data faster, while also offloading some time-consuming, repetitive tasks.
Outsourcing debt management and collection to a reputable, trusted professional means that you can spend more time on other processes while all this is handled. This lets you and your team focus on reaching more profitable business goals. Debt collection can sometimes become a long tedious process, however, having these companies as your partners goes a long way in assisting you in set the terms of trade that are beneficial to your business.
Every business facility needs to be maintained hygienically. Keeping commercial properties clean by outsourcing it to a professional company reduces the workload on your staff and maintains the business image at a high standard. Commercial cleaning companies will also give you better deals on high-quality cleaning supplies. In our post-COVID era, companies are still requiring common areas to be cleaned and sanitised often, for the safety of all.
Keeping your company’s website up to date is as important as having one that looks attractive and functions well. Outsourcing this job helps you to monitor your company website’s performance better and ensures that it is functioning to its optimal capacity.
A lot goes on behind the scenes of any company website, for example, creating new content and keeping up to date with security software. In today’s vastly online world, your company website is often a customer’s first impression of your business. And you could potentially lose several customers if your website looks old or isn’t working as it should.
Outsourcing logistics and transportation management is a real-time and money saver. A third-party provider can simplify processes so that your supply chain remains consistent. They have large networks of qualified carriers which gets them better transit times.
In addition, third-party provider also have better equipment like tracking tools and transportation management systems to give your products better visibility in all aspects of shipment from origin to destination. A long-standing and trusted partnership with an external provider gives businesses better operational control through regular reports and analysis.
Many advantages of outsourcing
After two years of COVID-19 challenges, 2022 was a year of recovery, however this year, we are likely to face a downturn. In that regard, business owners need to maintain their focus and map out strategies now to safeguard them against the impeding hard times.
Outsourcing operations such as accounting and printer and copier management are just some easy ways for businesses to cut costs as well as giving businesses the freedom to focus on other core business activities. With increased efficiency and controlled costs, businesses will be well poised to have a greater competitive advantage in 2023.
James Leon is the founder and CEO of Printech. Printech is a multi-award-winning company. It is Australia’s most trusted and reliable B2B printer supplier and print solutions company with over 2,500 clients around Australia.