In the era after the Great Depression of 1930s, the present recession is being touted as the worst of its kind.
There have been so many recessionary period post the Great Depression but none of them had such a devastating effect as the current one is having.
While many corporate behemoths have closed down, many are still facing severe funds crunch.
Millions of people have been rendered jobless and the immediate future looks grim.
President Obama has signed the $787 billion economic stimulus package to fight the worst economic slump the world has ever seen for nearly a century.
However, while signing the package, the president did agree that the economic stimulus package would not have any instant results.
In fact, economists have predicted that the stimulus package will start having effect only from 2010 and the situation in 2009 would continue to remain the same as in 2008, if not worse.
So, where does that leave a normal person who wants to survive on his own? What happens to all those people who have small businesses to run and are finding it difficult to meet ends meet in these trying times? Well the answer to this lies in being prudent and taking care of the costs and expenses.
If you cannot increase the revenue, cut down the cost! And outsourcing offers the best solution of cutting down costs for most of the businesses.
Let's assume that a businessman "A" is the sole proprietor and till now he has been running the show almost single handed with the help of two employees: a marketing guy and another an accountant.
During the recessionary period, he finds it difficult to run the show.
With only one person to market him, he is not able to maximise his reach among his potential customers.
And because he is not able to expand himself, the cash flows are getting negatively affected.
This directly has a bearing on the payment of his dues including salaries to his employees.
Now, let's assume that "A" thinks of utilizing the services of an outsourcing company for taking care of his accounting needs.
He can utilize his current accountant to do a bit of marketing that gives him the leverage of 2 guys marketing for him.
A natural query to this proposition is: what difference does it make in replacing one accountant with another? Well the difference is in the cost.
And when you talk about a cost difference of nearly $40000 per year, it does have an impact on the business and its bottom line.
And the additional resource doing marketing for "A" is definitely going to add a few dollars more to the above saving.
Outsourcing therefore can be a very effective tool to beat the recessionary blues!
There have been so many recessionary period post the Great Depression but none of them had such a devastating effect as the current one is having.
While many corporate behemoths have closed down, many are still facing severe funds crunch.
Millions of people have been rendered jobless and the immediate future looks grim.
President Obama has signed the $787 billion economic stimulus package to fight the worst economic slump the world has ever seen for nearly a century.
However, while signing the package, the president did agree that the economic stimulus package would not have any instant results.
In fact, economists have predicted that the stimulus package will start having effect only from 2010 and the situation in 2009 would continue to remain the same as in 2008, if not worse.
So, where does that leave a normal person who wants to survive on his own? What happens to all those people who have small businesses to run and are finding it difficult to meet ends meet in these trying times? Well the answer to this lies in being prudent and taking care of the costs and expenses.
If you cannot increase the revenue, cut down the cost! And outsourcing offers the best solution of cutting down costs for most of the businesses.
Let's assume that a businessman "A" is the sole proprietor and till now he has been running the show almost single handed with the help of two employees: a marketing guy and another an accountant.
During the recessionary period, he finds it difficult to run the show.
With only one person to market him, he is not able to maximise his reach among his potential customers.
And because he is not able to expand himself, the cash flows are getting negatively affected.
This directly has a bearing on the payment of his dues including salaries to his employees.
Now, let's assume that "A" thinks of utilizing the services of an outsourcing company for taking care of his accounting needs.
He can utilize his current accountant to do a bit of marketing that gives him the leverage of 2 guys marketing for him.
A natural query to this proposition is: what difference does it make in replacing one accountant with another? Well the difference is in the cost.
And when you talk about a cost difference of nearly $40000 per year, it does have an impact on the business and its bottom line.
And the additional resource doing marketing for "A" is definitely going to add a few dollars more to the above saving.
Outsourcing therefore can be a very effective tool to beat the recessionary blues!
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