Linda Jenkins, December 17 2015
Instead of doing everything daily, business owners need to think about regular duties that can be subcontracted-out or outsourced. If you can get expert assistance with activities you are not skilled at doing, you will have more time for higher-level tasks like project management and business development. Time is a precious factor when running your own business. It is smart to get the talent of others, rather than trying to handle everything by yourself. Wise outsourcing can help your business reap a number of long-term benefits.
If you concentrate on doing everything yourself, you will have much higher marketing, research, distribution, development and operation costs in general. Outsourcing some tasks can give your business an important competitive advantage, and allow you to produce more of your product or service more quickly and efficiently.
Experts on Your Side
Outsourcing offers you a great opportunity to have full-time knowledge on your team without having to pay for it all the time. By outsourcing some of your duties to highly skilled staff, who understand the best practice and how to properly handle certain tasks, your job becomes much easier and effective. In other words, working with qualified experts gives you an opportunity to get great value out of your investment. You will also find that subject matter experts can often produce better results than you would completing the project alone.
Focus on your core business
Startup businesses have limited resources, and business owners have little time and attention for all of the tasks required to run the business properly. Outsourcing some tasks can help you shift focus from peripheral activities to tasks that better serve your customers. Having a reliable team at your disposal that is able to provide you with different options and plans will help you achieve your goals. In fact, it will help you set your priorities more clearly without the hustle and bustle of the business.
Reduced Labor Costs
Employing and training employees for peripheral or short-term projects may be very costly, and temporary workers sometimes don’t live up to your expectations. Outsourcing allows you to focus your efforts on places where you need them most. Besides, you will only pay for what you need, when you need it and nothing more!
Level the Playing Field
Most startup business owners cannot afford to match the in-house professional support services that well-established businesses enjoy. However, as a small business owner, you can act big by outsourcing the services. This will help your business to enjoy the same economies of scale, expertise and efficiency that well-established businesses enjoy. For example, outsourcing to a live-answer virtual phone service can help your business sound big for a low monthly fee.
Faster Project Initiation
Business owners that smartly outsource their requirement are able to exploit new business opportunities faster than those who do everything in-house. This is because outsourcing firms have the resources and experts to start your projects right away. Undertaking some project in-house might take weeks or months to hire the right employees, train them and offer the support they need. Besides, if the project needs major capital investment, the startup process may be very difficult, if not impossible for you to implement on your own.
Ideally, every investment carries a given amount of risk: competition, financial conditions, government regulations, market conditions and technology changes. As a business owner, you must keep an eye on the industry trends to align with changing times to avoid risk. When you outsource, the provider will manage and assume some of these risks for you. Outsourcing firms are normally better at avoiding risks in their areas of expertise.
Overall, if your goal is to get yourself into an early grave, keep doing everything yourself! However, if you want a thriving business with some time to rest, help your business bloom and boost your personal productivity, then it is time to outsource now.
Here are some resources that can help you with your outsourcing needs: