Outsourcing
Out-Tasking
Off-Shoring
Crowdsourcing
All these are various forms and the goal is really to get the work off your and to the right team members who can get them done more affordable and efficiently
Following the 80/20 rule, only 20% of the work brings in most of the revenue so the goal with outsourcing is to find more time for their 20% Income Producing Activities (IPAs) by properly delegating the 80% time consuming work to the right Virtual Assistants who can get the job done
A Corporation should simply outsource work when it gets in the way of them focusing on their income producing activities (IPAs). Following the 80/20 rule, only 20% of the work brings in most of the revenue so the goal with outsourcing is to find more time for their 20% IPAs by properly delegating the 80% … Read more