Some SMBs have shied away from outsourcing -- and particularly offshoring -- thinking that they can't afford it.
However, as this Business Edge article makes clear, SMBs are great candidates for outsourcing. If there is any business that needs to zero in on its core competencies, it's a startup. Not only that, but SMBs likely lack the staff to attend to necessary but distracting tasks like payroll or Web site development.
And it stands to reason that SMBs would want to enjoy some of the same financial benefits of outsourcing as their larger peers.
Where there is a need, a new business model will be created to fill it. Enter middlemen or brokers who conduct offshore talent hunts for the SMBs that often lack the time, funds and expertise to do so themselves.
Another highly affordable option for SMBs: virtual businesses that provide a variety of services for $30 to $70 an hour. The director of marketing for the International Virtual Assistants Association pegs the number of such businesses at 1.5 million worldwide.