For construction and real estate businesses, staying competitive in today’s challenging marketplace is all about improving efficiency and keeping costs down, while the burden and responsibility of administration grows.
More and more businesses are looking to outsourcing to ensure the smooth operation and growth of their business. The practicalities around outsourcing can be confusing, but with continuing changes in legislation and the growth of cloud technology, outsourcing could be a cost effective answer to making sure your business remains both up to date and compliant. We live in an era of digital disruption, which has changed the way we work, think and live. The Internet of Things has enabled the virtual and remote control of traditional processes and the world’s reliance on technology has affected every industry, with the construction and real estate industry being no exception. For example, construction companies are now able to reveal a completed virtual building to a client before a single brick is laid.
There are many reasons why a construction and real estate business considers outsourcing. They may want to be more efficient, support their future growth or to lift the pressure on their in-house team. The points highlighted below, discuss why outsourcing may work for your business:
With the decision to outsource made, you can concentrate on your core strengths. Working with experts you trust allows you to focus and drive the business forward, achieve your goals and improve your bottom line.
You Can Expand Your Reach
Taking advantage of outsourcing opens the door to a wealth of resource that may not exist in your in-house team. From day to day issues like payroll, HR processes, bookkeeping and related administrative services, to international contacts and help with large or one off projects, there are real opportunities to expand your network and your business in turn.
Support You Can Count On
Help is always available. Resourcing issues occur no matter how well run a business is. With an outsourcing partner, you will have access to extra staff to compliment or support your in-house team during pressurised periods, as well as back up for unforeseen circumstances where you need your advisors to react quickly.
Outsourcing can ensure that you stay compliant with changes in legislation, as well as strengthening the knowledge and expertise of your in-house team through workshops and training. Our experts here at MHA become an extension of our clients’ in house teams, and are always there to provide advice and support.
So, you’ve considered the pros and cons, and decided that outsourcing will work for you. Now you need to choose the right advisers.
There are many companies out there who offer outsourcing. Choosing the right one can be difficult. It’s as much about personality as expertise. Meet as many people as you can, make sure they provide concise, comprehensive answers to your questions and concerns and that they share your vision of success for your business. After all, this is hopefully the start of a long and productive relationship!
For more information on outsourcing or how we can help your business, please contact Hannah Farmborough or call on 0207 429 4147 to be put in contact with a member of our Construction & Real Estate team.
This article originally appeared on the blog of our member firm, MHA MacIntyre Hudson.