Outsourcing your work can help your business save money, assign specific work to specialists, save time, and expand your offering.
Do you want to expand your business to the next level? Or improve your talent pool without incurring the costs of hiring new staff? You can actually solve your problems through outsourcing.
Outsourcing saves you money on staff
Reducing costs is the number one reason why companies outsource. Outsourcing tasks to trained professionals allow you to stick to smaller budgets and only pay for what you need. This is usually far more cost-effective than hiring a full-time employee-which can be pricey.
Outsourcing ensures your business tasks are handled by a specialist
Many businesses make the mistake of only considering outsourcing when they reach capacity, using it purely as a way to handle the overflow of work. One of the major benefits of outsourcing is not quick and easy access to an extra pair of hands, however. Rather, it is how skilled those extra hands are.
When you outsource work, you are handing it over to an expert who can give it 100% focus. You might be a fantastic entrepreneur but that doesn't mean you're a great writer or designer, you don’t need to be.
Who is outsourcing?
You can even hand over entire business functions to instantly expand your company / business skills set. An expert for every task was something unimaginable for many businesses in the past. Now, thanks to outsourcing, it’s easily achievable. Why wouldn’t you take advantage of that? Or to put it in the words of former US politician and vice chairman at JP Morgan Chase, Alphonsi Jackson, “Where the work can be done outside better than it can be done outside better than it can be done inside, we should do it.”
Outsourcing saves you time
Maybe you’re at full capacity and need to free up the time to focus on more business - critical tasks. There are plenty of easy ways to do this.
Outsourcing smaller tasks - checklist: social media management, content creation, email marketing, admin and filling, and invoicing. Taking these tasks off your desk frees you up to focus on growing and improving your business. Plus, as every task you outsource is now in the hands of a specialist, you’ll also save time on project management.
This means no need for prolonged planning and review meetings. Simply brief your freelancers and they’ll take care of the rest. The process is simple, fast, and cost effective. And that is ultimately why so many businesses do it.
Outsourcing allows your business to expand its offering
There’s another major benefit to being able to call on the services of an expert - or a team expert - whenever you need it. It allows you to expand to new markets gradually without breaking the bank.
Say you run a clothing business and want to expand to make shoes. Traditionally, this would have been a lengthy - not to mention costly- process. You have to hire someone to conduct market research and analysis, employ new staff skilled in shoe manufacturing. Then there are the additional resources you would need to sell your product into a new market.
If you find yourself always trying to keep up and not having enough time to put into growing your business or spending time with loved ones, I encourage you to write a list of all of your responsibilities and regular tasks and figure out some things that you could pass off. You might be surprised at what's taking up more time than you think it is.