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Rick Case Insurance Agency Blog

When Using Contractors is a Good Business Practice

2/13/2019

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Picture
​There once was a time when people could do so many things on their own. Back in the colonial period, the average frontiersman could build his house on his own relying only on his tools and his own two hands. Those days are long gone though. Here are some reasons why using contractors is a good business practice.
​Outsourcing Non-Essential Tasks
Imagine you are a burger joint that makes the best veggie burgers in the city. Imagine you are a mom and pop operation with barely enough staff to keep up with demand at the kitchen. What happens if you want to include a delivery service? Probably better to outsource to a specialized foot delivery or bike delivery service.
 
The similar is true for pretty much any business. There is a strong focus towards specializing in key business sectors and then outsourcing the rest of the functions. It means the company can do what it does best.

No Skill in the Field
About the first point, there can be situations where the business needs something done where it has no expertise, and it has no incentive to develop the skills required. For example, if the business is a bakery, it needs an oven with proper ventilation. The baker has no reason to want to learn the skills to make this installation and so he can pay a contractor to do it for him.
 
The Contractor Already Has a Competitive Edge
A Contractor is generally a specialist in the field he is offering his services. Given the specialization means that he can do something more efficiently than a layperson, it is much better to hire the specialist, even if he charges more, to do a job instead of hiring a layperson to do it.
 
Consider for instance if you need your building repainted. Sure, you could do it yourself, or you could get some regular people to do it. But a contractor who does this job often can do it more efficiently, and that is something worth paying.
 
To conclude, contractors are people who have particular expertise or at the very least represent themselves as specialists in what they do. It is a good business practice to hire them when the business has neither the time nor resources to want to learn that field.
 
After all the money and time are your primary resources. If the expenditure of money can save a lot of time, I'd say go for it.
 
Nevertheless, always be prudent by making sure that the contractor you hire is appropriately licensed and that they have suitable insurance to cover possible damage. At Rick Case Insurance Agency, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (405) 722-5556. Get your free quote today by CLICKING HERE.
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