They say that 50% of businesses fail in their first year and there is a good reason for that; Disorganisation. Many business owners have all the good intentions but none of the organizations to get their business off the ground. They are also usually missing that competitive edge that makes them successful and that they can utilize for a long run. They also tend to begin with just one person in control of many different plates.
As a brand new business owner, you might be considering what it is you need to do to be successful, and there is one word for it: outsource.
When you start out by yourself, you work by yourself, you do everything on your own and you are trying to grow and keep a business afloat without any additional help. You may use free marketing tools to help you with your website, and you may even hire a friend just to do the blogs for you. But if you’re not outsourcing it, you may be missing out on the security of managed IT services and you may be missing out on the genius that comes from content creation.
Being self-employed is not easy, so if you do decide to go ahead and start a business it makes much more sense to get some help while you do it. That doesn’t mean you need to immediately rent an office for the next three years on a hefty lease and hire 20 people. It actually means that you need to know where your strengths are and then hire an outsourced individual for your weaknesses. So, why should you outsource? We’ve got the top reasons that you need below.
You’re going to reduce your costs.
There is every chance that you have forecasted for costs of a full staff. That means people in your marketing department, IT department, reception desk, customer service, sales – you know the drill. If this is the case for you, you’ll be pleasantly surprised to realize that outsourcing is actually going to save you money. You don’t have to factor in pensions or benefits or annual leave or sick pay when you hire somebody on an outsourced basis. In fact, you simply pay the contractor the rate that you agree on. Whether you pay somebody an hourly rate, or you are paying them a fixed term contract is up to you.
You can focus on the things that matter the most.
Companies love to outsource especially if the outsourcing is offshore. Most outsource tasks are all the time consuming, repetitive and boring ones that can affect the efficiency of your business. Outsourced professionals are already well versed in what they need to do which means that they can get the job done as quickly as possible. You don’t have to pay for facilities or equipment or any resources, they can do it all themselves. All they need is a little guidance and education on what you want them to do.
You open the globe for talent.
Instead of just reaching out to staff who can travel to your office in your immediate local area, you get to open your access to world-class capabilities. You could even manage to get an office in India if you wanted to as long as they had the qualifications that you need to be able to get your business to a safe and secure state. When you have both sustainability and profitability working together, your impact and growth goals are going to follow in abundance. Making sure that you have a globally relevant goal is the goal here for you.
Utilizing internal resources.
If you free up your internal resources, your business is going to be more efficient and effective. When you don’t have to manage every spinning plate, and you can pass the plates over to somebody else, you’re going to free up your time and your money to drive your business forward to your core competencies.
You’ll be able to be at your best and that’s exactly what you are intending to do as a business, right?
You get access to new resources.
Do you have access to all of the technology that your industry needs? The chances are that you don’t. Outsourcing allows you to gain that access and it allows you to hire experts who know how to use those tools. This means that you save both time and money when it comes to training, and you don’t have to worry about paying out for equipment or insurance to insure that equipment.
Your business model is going to be healthier as well, because you’re going to be utilizing resources who are already experts in what they can do. Without having to train anybody, your hiring is going to also become simplified.