One of the brilliant things about living in our modern business world is that technology has expanded to such a degree that small businesses can do so much more than they ever have been. Small business can truly compete on a global level from a very small headquarters, whether that be a storefront or the founder’s garage.
What might seem like a downside, however, is that in order to compete by using all of this technology, a small business might have to deplete all of its resources by highering more employees. But, now we go back to the upside.
The same technology that allows small businesses to compete allows them to stay afloat by simply employing the system known as outsourcing. Outsourcing is the way in which companies can entrust the processes of their business to outside companies. Companies th