Should you outsource or insource? In other words, should you delegate certain tasks to other companies (outsourcing) or hire in-house employees instead (insourcing)? One of the top quasi-axioms of the business world is the fact that there's no such thing as a one size fits all solution... the "outsourcing vs. insourcing" debate hardly represents an exception. For some businesses, hiring in-house employees is the way to go because not everything has to revolve around cutting costs. From increased flexibility to nurturing company culture, there are a wide range of reasons why some business owners decide that insourcing is superior to outsourcing for their needs. The same way, however, other businesses don't have a choice but to outsource. Even if you personally like the idea of having a lot of employees, industry-specific factors such as being forced to compete on price as well essentially force you to seek cost-related efficiency whatever it takes. Or perhaps your organization is no longer large enough for hiring in-house employees to make financial sense. A low-budget startup, for example, might not need a full-time accountant or janitor... at least not yet. The list of "pro" as well as "con" arguments could go on and on. The bottom line is this: the name of the game is deciding whether or not for your specific business needs, outsourcing or insourcing is the best choice. This video helps with just that :)