Codestone

Category: Support & Managed Services

Companies could consider investing in managed services or outsourced IT if they wish to improve their focus on the most important aspects of their businesses.

This is the view of David Loeper, chief executive officer of Wealthcare Capital Management, who told Financial Planning magazine that many of those working in the financial advisory sector make the mistake of trying to do too much themselves.

He suggested that this is causing many businesses in this field to dedicate too much time and energy fulfilling roles to which they are not suited, undermining their potential for growth.

"You don't find people who have great attention to detail and sophisticated analytical skills that are also extroverted high-gravitas networkers," Mr Loeper observed.

Instead, the expert suggested that outsourcing back-end practices and non-core tasks can help enterprises to focus on important elements, such as building client relationships.

Last week, entrepreneur Matthew von Teichman told the Globe and Mail that it is important for smaller businesses to consider outsourcing aspects of their business to which they are not well-suited to handling internally.

Posted by Lara Ward