Outsourcing Pitfalls and How to Avoid Them

As with any business venture, outsourcing has its own unique set of risks and rewards; keep in mind that with a little research and careful planning, most hazards can be easily avoided. Dont let the possible pitfalls deter you from an outsourcing situation that could greatly benefit your company in the long run! Instead, learn how to identify the most commonly made outsourcing mistakes and gather the tools necessary to sidestep them. But what are the mistakes most frequently made by U.S. companies when outsourcing their business processes (Business Process Outsourcing)? And what steps can you take to lessen these risks and ensure that outsourcing works for you?

One of the most obvious risks in any outsourcing situation is an inability to meet cost reduction expectations. Many companies have entered blindly into outsourcing without considering the real costs of such an enterprise, expecting it to provide a quick fix for their financial problems. While outsourcing is an excellent way to trim your budget, you must consider the fact that, in the initial stages, savings will neither be instantaneous nor incredibly dramatic.

According to SearchCIO, most organizations save 15-25% in the first year that follows implementation of outsourcing, and up to 35-40% by the third year. Savings will be considerable, yes, but not outrageous –if you look to outsourcing to single-handedly rescue a failing operation, youre likely to be disappointed!

A lack of sufficient data protection on the part of both companies involved is another common pitfall of outsourcing. From the personal information of patients or customers to your businesss invaluable intellectual property, make sure that you have strong privacy standards and security requirements in place before any problems with loss or theft of sensitive data have a chance to arise. When investigating outsourcing providers, ask about their level of commitment to data protection; choose one that is up to your companys security standards, and make certain that the issue is addressed and agreed upon in your contract.

Poor planning, that persistent boogeyman who haunts any number of failed business ventures, can lead to a huge array of problems that may be easily avoidable with just a little forethought. For instance, dont make the mistake of ignoring the process of risk analysis prior to outsourcing. If you do, youll run the risk of making any number of mistakes, from outsourcing too early to selecting a less-than-optimal provider to work with to attempting to adhere to an inefficient business model.

Another aspect of poor planning that can derail your outsourcing venture is a contract that fails to account for all of the different aspects of the outsourcing situation. One common mistake is assuming that an outsourcing providers price for any given project is fixed; in fact, projects usually increase up to 15% in price during the development process. Failure to recognize this possibility is exactly the kind of setback that can needlessly throw off an entire outsourcing operation. Instead, ask questions, inform yourself and make sure the contract has your interests covered.

As with any business venture, outsourcing has its own unequalled set of risks and rewards; keep in mind that with a little enquiry and careful planning, most hazards can be easily avoided. Dont let the possible pitfalls deter you from an outsourcing billet that could greatly do good your companion in the long run! Instead, learn how to identify the most commonly made outsourcing mistakes and gather the tools necessary to sidestep them. But what are the mistakes most frequently made by U.S. companies when outsourcing their commercial enterprise processes (Business Process Outsourcing)? And what steps can you take to lessen these risks and ensure that outsourcing works for you?

One of the most obvious risks in any outsourcing situation is an inability to meet cost reduction expectations. Many companies have entered blindly into outsourcing without considering the real costs of such an enterprise, expecting it to put up a quick fix for their financial problems. While outsourcing is an excellent way to trim your budget, you must consider the fact that, in the initial stages, savings will neither be instantaneous nor improbably dramatic.

According to SearchCIO, most organizations save 15-25% in the first year that follows implementation of outsourcing, and up to 35-40% by the third year. Savings will be considerable, yes, but not horrific –if you look to outsourcing to single-handedly rescue a failing operation, youre likely to be disappointed!

A lack of sufficient data protection on the part of both companies involved is another plebeian pitfall of outsourcing. From the personal data of patients or customers to your businesss priceless intellectual property, make sure that you have strong privacy standards and certificate requirements in place before any problems with loss or theft of sore data have a opportunity to arise. When investigating outsourcing providers, ask about their level of consignment to data protection; choose one that is up to your companys security standards, and make certain that the issue is addressed and agreed upon in your contract.

Poor planning, that persistent boogeyman who haunts any number of failed stage business ventures, can lead to a huge array of problems that may be easy evitable with just a trivial forethought. For instance, dont make the mistake of ignoring the process of risk analytic thinking prior to outsourcing. If you do, youll run the risk of making any bit of mistakes, from outsourcing too early to selecting a less-than-optimal supplier to work with to attempting to adhere to an inefficient patronage model.

Another aspect of poor planning that can derail your outsourcing guess is a concentrate that fails to account for all of the unlike aspects of the outsourcing situation. One uncouth mistake is assuming that an outsourcing providers price for any given send off is fixed; in fact, projects usually increment up to 15% in price during the development process. Unsuccessful person to recognize this possibility is exactly the kind of setback that can needlessly throw off an entire outsourcing operation. Instead, ask questions, inform yourself and make sure the compress has your interests covered.

.Net Development Company

What is .NET? .NET Framework is Microsoft’s application development platform. It enables the developers to create Windows applications, web applications, and web services using different kinds of programming languages. The developers don’t have to worry about the memory management and processor-specific instructions.

.NET is the Common Language Runtime, commonly known as the CLR. The CLR is made up of a number of different parts. .NET Framework is made of an independent language. The developer can use NET application while using any number of different programming languages. The most popular languages are C# and VB.NET. But programmers have been using Python, COBOL, and more.

The use of an intermediate language has given .Net the language independence. It implies that the code is complied not in the actual machine code but into a high-level generic language. The developer can write the code in any language but it has to be compiled in NET and it will become IL (Intermediate language). All the languages have to eventually be translated into the intermediate languages. The developer can compile the code and the code is translated to the intermediate language and stored in an assembly. When that assembly is implemented then the CLR picks up that code and compiles it and runs the code. The developers save the times in compiling the code as it done by CPU.

.NET is a very secure language. Managing memory is a major issue for the developers. If the memory is unmanaged then the program takes double of time and lead to formation of bugs and other security issues. .NET is the only language which is secure and can help in removing of the bugs to. The language has an inbuilt feature called Garbage collector. Garbage collector sees which objects are required for the application and it removes those objects from the applications which are not required. Some developers don’t like the Garbage collector because they are in the habit of managing the memory and the running of the Garbage collector acts as trouble maker instead of trouble shooter.

.Net has become really famous for some years and a lot of web development companies around the globe use .NET with MS SQL database to develop complex web applications and Content Management Systems. India has become an outsourcing hub with large number of .Net developers available and an advantage of costing compared to other developed countries. IT Chimes is one such company which has been using .Net platform for years now and has successfully developed web applications and delivered projects to its clientele all around the globe.

.Net has developed other applications which are to be implemented with databases such as ADO.NET and includes built-in providers for SQL Server, ODBC, OLEDB, as well as Oracle.

Windows Forms is used for building desktop-based applications. With the help of Windows Forms the developers can manage wrapper over the native Windows API. The application can be written in one version of Windows and its can be run on any other form of window application with using WINDOW 98SE.

If you are looking for a professional and an experienced company which can use the .Net framework for developing web applications than IT Chimes is a good choice. With their track record and the experienced team they have a company such as this is bound to deliver as per the client’s requirement.

Computer Data and Creation

Today it would be impractical for anyone not to have access to a computer. A computer makes a persons life a lot easier. Because of computers a lot of unimaginable things have come into realization. Operating on a patient with an extremely complex machine with an equally complex computer behind it to perform extremely risky surgery that would have a high mortality rate when performed traditionally but with this it has a much higher success rate. When driving on a slippery road and suddenly your tires lose traction, on-board computers inside the car will calculate and control your speed control so that you have traction back as soon as possible to create the least amount of accidents. Computers have made our loves a lot easier and much safer.

Compared to 40, 30, 20, even 10 years ago the internet has changed on how it was first used. When it was first used by the public it was for major campuses to be able to share their information and data with each other with ease. Once more and more people were able to afford personal computers the internet company boomed with connections through 56k modems with companies such as Earthlink, AOL, and Juno. With this people could surf the internet at the leisure of their own homes.

Then came the broadband networks that would completely dominate its predecessors. With the ability to transfer data hundreds of times faster more and more people began to switch over as it became cheaper and cheaper over the years and is now the most used connection by the entire world. From various connections such as DSL, cable, T1, T3 to even fiber optics people can now connect to the vast network known as the World Wide Web.

With this now just about anyone can create content such as programs, music, videos, and pictures to either have it available for free to the internet community or to have them pay for their services. With this small time companies that can create incredibly useful programs that are needed by huge corporations and sell it to them. However there comes a great risk when buying something that can come from a small time company as they do not have the means to completely sustain themselves. With the economy fluctuating more than the strings of a guitar the company can go under at any moment.

But there is a way to secure a way for small time companies to make it possible that mega-corporations will find it assuring that buying their products will not come to stab them in the back in the future. By the help of data escrow services small time companies can join the market of the giant market that would have been usually dominated by the bigger computer programming companies. Huge corporations can now feel at ease when they buy a program that they can use for their business to make it much more convenient for them.

With this now many people who are computer savvy can create programs and other applications that are incredibly useful and helpful in ways for people to use to make their jobs and lives a whole lot easier.

Step 1 to Pre-Foreclosure Success by Tim Mai

Step 1: Organizing Your Office

Setting up and organizing an office used to be an expensive affair. Thats no longer true thanks to todays technology. For a minimum investment, you can now set up a highly efficient and effective work environment. Heres a list of the basic equipment you need to get started:

* A computer-These days, computers are a bargain. You can buy one cheaply. However, it pays to get the latest model since the computer world is forever changing and improving itself. Id recommend that you buy one that has a minimum of 1 megabyte of memory and will allow expansion for more memory. This is important because new software applications get larger all the time and become memory hogs, which can slow down the computer While this may not be so important at the beginning of your career, itll become so as you become more successful and the complexity of your investments increases.

* A good office software suite-youll need software that includes word processing, accounting software, computer slide generation, etc. Microsoft Office is the most common suite, but there are other, cheaper applications available (WordPerfect Office, etc.). Often, the application comes with the computer you buy so make sure the office suite comes with the features you need. Eventually, if you move into other, more complex areas of real estate (multi-unit dwellings, commercial real estate, etc.), youll want to buy software thats designed specifically for the real estate market.

* A high speed Internet connection-whether its a DSL (direct subscriber link) or cable connection, access to the Internet is absolutely vital these days. The Internet is a great source for research and information on all real estate topics. Definitely do not use a dial-up connection! Although such connections are cheap, theyre maddeningly slow and tie up your phone line. Both you and your clients will end up frustrated at the inability to communicate quickly and effectively. In short, a high-speed Internet connection can win you business; a dial-up connection can lose it.

* A good laser or inkjet computer. Printers are dirt-cheap these days. The manufacturers make a greater profit from supplying the ink cartridges, so it pays to get a printer thats economical with the ink. It also pays to buy a printer that produces high-quality letters and images. This contributes to your image as a serious and professional investor. While image is not quite as important in the pre-foreclosure market, it will definitely be a vital factor once you move into other areas of real estate. Banks, mortgage brokers, title companies, etc.-they all expect to see a polished and professional image in the people they deal with.

* A reliable cell phone-as you probably already know, this is one of the most important tools you can have as an investor. A cell phone allows you to be in contact with buyers and other individuals quickly and easily. Basically, its an information-gathering device that helps you identify deals and set them into motion. So, its important that your service be of high quality and not subject to a lot of dropped calls. Check out the service records of the cell phone providers in your area and go with the one that has the best record of reliability at a fair price.

Those are the basics then, but we need to cover one more subject thats vitally important to your success-accounting and record-keeping.
Accounting and Record-Keeping

Real estate is governed by many local, state, and federal regulations. That means its vital for you to keep good records. As you start out, you may not need anything more than pad of paper and a pencil. However, once success arrives, youll definitely need computerized records and an accounting application. They not only help you keep your records straight, but make the whole process faster and easier. Theyre well worth the investment! Below is a list of items you should definitely make use of in maintaining your records:

* Accounting software-If you decide to move beyond pre-foreclosures, youll definitely need to add a spreadsheet program (Excel, Quicken, QuickBooks, etc.) for all basic accounting requirements.

And if you decide to eventually move into property management, then youll need to add software designed specifically for such properties as apartment buildings, commercial properties etc. This software should include the following:

* A complete accounting package (general ledger, accounts receivable/accounts payable along with check writing, budgeting and financial reporting capabilities). Ability to track work orders and reminders, prints late notices, leases, checks, 1099s, etc.

* Tenant and lease management capabilities (including rental management forms). Pop-up reminders to remind you of late rent, expiring leases, etc. categorized by building, unit, owner or tenant.

* Capabilities to organize tenants, contractors, etc.

* Templates for letters and forms, etc.

You can use the Google search engine on the Internet to study and evaluate property management software. To help you out, Ive listed several software package names and their URLs in alphabetical order. I dont recommend a particular package. I simply recommend that you try them out and see which one works best for you and is relatively easy to understand.

* MRI Residential (http://www.realestate.intuit.com/)
* RentRight (http://www.rent-right.com/)
* Spectra (http://www.spectraesolutions.com/)
* Tenant File (http://www.tenantfile.com/)
* TenantPro (http://www.propertyautomation.com/)

You should be able to customize any of these programs to fit your specific needs.

* A separate checking account-Definitely keep your real estate financial transactions separate from your personal checking account! This is extremely important because you dont want to invite a visit from the Internal Revenue Service (IRS). If you dont keep a separate account, the IRS will be very suspicious of any claims for expenses, losses, and depreciation you put on your federal tax return. It may not consider you a legitimate business, and, if youre audited, you may have a devil of a time proving expenses if your records are mixed in with your personal checking account. Also, its wise to have a credit card in the name of your business and charge all business expenses to this account. This also keeps business records separate from personal accounts.

* Expense records-Document every expense you have and keep organized records. Expenses can include bank statements, cancelled checks, tax returns, invoices, etc. In short, always have proof available in case the IRS challenges items on your tax return.

* Mileage records-Its essential to keep business-related travel expenses well-documented. This is because the IRS has a requirement that tax payers maintain records of business-related mileage in order to claim that mileage as a business expense on tax returns. As of 2007, the standard mileage rate that can be deduced from federal taxes for the cost of operating a vehicle is 48.5 cents per mile for all business miles driven.

* Depreciation-Depreciation accounts for the fact that most assets lose their value over time and must eventually be replaced. You definitely want to take advantage of IRS rules to make sure you earn the highest profit possible. So, on your tax returns, claim the maximum depreciation allowed on such items as office equipment, software programs, cell phones, etc.

* Storage-Store all documents in an organized fashion so theyre easy to find and access. You dont want to waste valuable time trying to locate items when you could be out finding more business. Use an organization method that works best for you (three-ring binders, tabbed folders, etc.). Photocopies of documents are fine for your office, but you may want to store originals in a safe deposit box at your local bank. However remote, theres always the possibility of fire or water damage destroying originals, and, if that happens, you could spend a lot of time and trouble proving ownership of property and other items.

* Hire a professional for tax returns-Choose a board-certified tax attorney or CPA to prepare your taxes. This is a must. You may be tempted to use an off-the-shelf product (TurboTax, etc.), but I advise against it for the simple reason that these products cant represent you before the IRS! Also, an experienced professional will have knowledge that a tax program couldnt possibly possess. He or she will be well aware of all the intricacies of federal tax law and will be able to use them for your maximum benefit.

* Hire independent contractors-At the beginning of your career, you dont need the hassle of maintaining employee records (wages, social security, etc.) and dealing with a myriad of state and federal government agencies (OSHA, the Department of Labor, etc.). As your business grows, you may find it necessary to hire part-time and/or full-time employees. However, in the beginning, its much less trouble to hire independent contractors.

Step 1: Organizing Your Office

Setting up and organizing an part used to be an expensive affair. Thats no longer true thanks to todays technology. For a minimum investment, you can now set up a highly efficient and effectual work environment. Heres a list of the basic equipment you need to get started:

* A computer-These days, computers are a bargain. You can buy one cheaply. However, it pays to get the up-to-date model since the estimator world is eternally changing and improving itself. Id recommend that you buy one that has a minimum of 1 megabyte of memory and will allow expansion for more memory. This is important because new software applications get larger all the time and turn memory hogs, which can slow down the figurer While this may not be so authoritative at the beginning of your career, itll suit so as you go more successful and the complexity of your investments increases.

* A good part software suite-youll need software that includes word processing, accounting software, calculator slide generation, etc. Microsoft Office is the most common suite, but there are other, cheaper applications available (WordPerfect Office, etc.). Often, the application comes with the computing machine you buy so make sure the office suite comes with the features you need. Eventually, if you move into other, more complex areas of real estate (multi-unit dwellings, commercial real estate, etc.), youll want to buy software thats configured specifically for the real landed estate market.

* A high speed Internet connection-whether its a DSL (direct subscriber link) or cable connection, access to the Internet is absolutely vital these days. The Internet is a great source for enquiry and entropy on all real estate topics. Emphatically do not use a dial-up connection! Although such connections are cheap, theyre maddeningly slow and tie up your phone line. Both you and your clients will end up discomfited at the inability to intercommunicate quickly and effectively. In short, a high-speed Internet connection can win you business; a dial-up connection can lose it.

* A good laser or inkjet computer. Printers are dirt-cheap these days. The manufacturers make a greater profit from provision the ink cartridges, so it pays to get a printer thats sparing with the ink. It also pays to buy a printer that produces high-quality letters and images. This contributes to your image as a serious and master investor. While image is not quite as important in the pre-foreclosure market, it will definitely be a vital factor once you move into other areas of real estate. Banks, mortgage brokers, title companies, etc.-they all expect to see a polished and professional person image in the shack they deal with.

* A reliable cell phone-as you in all probability already know, this is one of the most authoritative tools you can have as an investor. A cell phone allows you to be in contact with buyers and other individuals quickly and easily. Basically, its an information-gathering device that helps you identify deals and set them into motion. So, its crucial that your service be of high lineament and not subject to a lot of dropped calls. Check out the military service records of the cell phone providers in your area and go with the one that has the best record of reliability at a fair price.

Those are the basics then, but we need to cover one more subject thats vitally of import to your success-accounting and record-keeping.
Accounting and Record-Keeping

Real land is governed by many local, state, and federal regulations. That means its vital for you to keep good records. As you start out, you may not need anything more than pad of paper and a pencil. However, once success arrives, youll definitely need computerized records and an accountancy application. They not only help you keep your records straight, but make the whole mental process faster and easier. Theyre well worth the investment! Below is a list of items you should decidedly make use of in maintaining your records:

* Accounting software-If you decide to move beyond pre-foreclosures, youll unquestionably need to add a spreadsheet plan (Excel, Quicken, QuickBooks, etc.) for all basic accounting requirements.

And if you adjudicate to eventually move into property management, then youll need to add software intentional specifically for such properties as apartment buildings, commercial properties etc. This software should include the following:

* A complete account statement box (general ledger, accounts receivable/accounts payable along with check writing, budgeting and fiscal coverage capabilities). Power to track work orders and reminders, prints late notices, leases, checks, 1099s, etc.

* Tenant and lease direction capabilities (including rental management forms). Pop-up reminders to cue you of late rent, expiring leases, etc. Categorized by building, unit, owner or tenant.

* Capabilities to unionise tenants, contractors, etc.

* Templates for letters and forms, etc.

You can use the Google search railway locomotive on the Internet to study and evaluate property management software. To help you out, Ive listed several software package names and their URLs in alphabetic order. I dont commend a particular package. I simply recommend that you try them out and see which one works best for you and is
You should be able to customize any of these programs to fit your specific needs.

* A single(a) checking account-Definitely keep your real estate financial proceedings apart from your personal checking account! This is extremely authoritative because you dont want to receive a visit from the intragroup tax revenue Service (IRS). If you dont keep a come apart account, the IRS will be very wary of any claims for expenses, losses, and derogation you put on your federal tax return. It may not believe you a legitimate business, and, if youre audited, you may have a devil of a time proving expenses if your records are mixed in with your personal checking account. Also, its wise to have a credit card in the name of your business enterprise and charge all stage business expenses to this account. This also keeps business records separate from personal accounts.

* Expense records-Document every expense you have and keep organized records. Expenses can include bank statements, cancelled checks, tax returns, invoices, etc. In short, always have proof available in case the IRS challenges items on your tax return.

* milage records-Its substantive to keep business-related travel expenses well-documented. This is because the IRS has a requisite that tax payers keep up records of business-related mileage in order to claim that mileage as a business expense on tax returns. As of 2007, the standard mileage rate that can be deduced from federal official taxes for the cost of operating a vehicle is 48.5 cents per mile for all business miles driven.

* Depreciation-Depreciation accounts for the fact that most assets lose their value over time and must finally be replaced. You definitely want to take reward of IRS rules to make sure you earn the highest profit possible. So, on your tax returns, claim the uttermost wear and tear allowed on such items as office equipment, software programs, cell phones, etc.

* Storage-Store all documents in an organized fashion so theyre easy to find and access. You dont want to waste of value time nerve-racking to locate items when you could be out determination more business. Use an organization method that works best for you (three-ring binders, tabbed folders, etc.). Photocopies of documents are fine for your office, but you may want to store originals in a safe depository box at your local bank. How remote, theres always the possibility of fire or water hurt destroying originals, and, if that happens, you could spend a lot of time and put out proving ownership of property and other items.

* Hire a professional for tax returns-Choose a board-certified tax attorney or CPA to prepare your taxes. This is a must. You may be tempted to use an off-the-shelf product (TurboTax, etc.), but I notify against it for the simple grounds that these products cant represent you before the IRS! Also, an experienced professional person will have knowledge that a tax computer programme couldnt mayhap possess. He or she will be well aware of all the intricacies of Federal tax law and will be able to use them for your maximum benefit.

* Hire main(a) contractors-At the starting time of your career, you dont need the hassle of maintaining employee records (wages, mixer security, etc.) and dealing with a myriad of state and federal governing agencies (OSHA, the Department of Labor, etc.). As your business grows, you may find it necessary to hire part-time and/or full-time employees. However, in the beginning, its much less incommode to hire freelance contractors.