Does offshore outsourcing increase practice valuations?
Tobias Fellas
May 2, 2024
While there can be clear cost savings with offshore outsourcing and offshore staffing that can ultimately boost the bottom line and thereby the valuation, if it's not properly executed it can actually cause you to become less profitable than before engaging offshore staff.
Ultimately, a few key things play here, removing the revolving door of offshore staff whereby the providers can never seem to retain staff properly and the other key element here is properly integrating them into your business whereby training and management is limited.
Brett Goodyer from BVOPro discusses how getting these elements right can have a massive boost to profitability.