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Do you spend your time or your money?
How do you solve the time vs money problem given the choice
If you are like me at the very mention of the word outsourcing, the first thought that pops into your head is companies diluting or cutting their workforce. Or maybe it is of public bodies handing over control to private enterprises. Outsourcing for many reasons is a bitter word depending on where you are in business. For many, it conjures up negative images of a leadership team making cost-based decisions which could mean redundancies, relocation, or it could mean higher productivity and improved efficiencies.
Is outsourcing a luxury?
For many years outsourcing has been practised by companies as a form of contracting to domestic and foreign quarters. When part or all of a business move to another country, we call it offshoring. Outsourcing has many benefits, but also many challenges and like any form of contracting needs to be managed appropriately. So understandably very few people think of outsourcing as a luxury.
But I do. In the context described above, you would be right to disregard outsourcing as a luxury. But on a personal level, I would argue that it is. Why well perhaps the best way to explain is to illustrate with an example.
