The Benefits of Outsourcing for Small Businesses
Ever wonder why big foreign businesses outsource services?
Even with enough money to create different departments, these companies still choose to outsource for a number of reasons, so why not you too?
Outsourcing literally means getting sources of talent and expertise from outside of the company or country.
Whether you have a traditional brick-and-mortar business or one online, outsourcing may help you reap several benefits and it spells SUCCESS:
S – Save on overhead costs
“Rule#1: Never lose money. Rule#2: Never forget rule# 1.” -Warren Buffett, business magnate
As a small business owner, you probably do not have that much capital to begin with and keeping your overhead expense low is the goal.
Outsourcing can help you with this, hire only what you need, only when you need them. Freelancers charge per project, so unless you need someone to be on site all the time, every day, then a freelancer is what you need.
U – Undertake only your business’ core
“Passion is energy. Feel the power that comes from focusing on what excites you.” -Oprah Winfrey, media proprietor
Owning a business entails a lot of responsibilities and you may find yourself overwhelmed by all of it.
Designate tasks to others so you can focus on the main core of your business.
Say you are a wedding photographer and you want to turn your portfolio into a website, hire a freelance web designer to help you create a professional looking website that will attract more clients while you focus on your photography.
Successful businesses are those run with passion. Focus on yours.
C – Cater to your clients well
“Your most unhappy customers are your greatest source of learning.” -Bill Gates, business magnate
Your customers are the lifeblood of your business.
Hiring outstanding people to deal with customer service can help you earn the trust and loyalty of your customers. Outsourcing does not only provide you with more talents to choose from, you also have the time zone advantage – making it possible for you to provide a 24/7 service if needed.
In addition, when you are free from other tasks, you can focus on understanding the most common complaints of your customers and work towards improving them.
C – Collaborate with the best talents
“Great things in business are never done by one person, they’re done by a team of people.”- Steve Jobs†, former Apple CEO
Whether they are full time employees or freelancers, they all contribute to the success of your business.
When you outsource, you get the chance of hiring the best people for the job, plus their services are often customizable. Never think that a freelancer’s output is substandard.This is their business, and like you, they will protect it by only producing their best.
E – Engage employees better
“Train people well enough so they can leave. Treat them well enough so they don’t want to.” -Richard Branson, Virgin group founder
High turnover rates is a huge problem in big companies. It happens because employees feel that they are not important in the company.
Outsourcing makes it possible for smaller businesses to have just a handful of employees, making it easier for owners to nurture each individual and benefit from their contributions.
S – Start new projects
“Move fast and break things. Unless you are breaking stuff you are not moving fast enough.” -Mark Zuckerberg, Facebook founder
When you have experts helping you with different things, you can venture on new things and expand your business faster. With outsource help, you can even do it for a fraction of a cost.
S – Satisfy life goals
“Being the richest man in cemetery does not matter to me. Going to bed at night saying we’ve done something wonderful. That’s what matters to me…” -Steve Jobs†, former Apple CEO
Outsourcing gives you time to focus on your passion, do important things and earn without stretching yourself too thin.
It can afford you a balanced lifestyle to spend time with your loved ones, commit to other passions, and live your life better.
Outsourcing gives you a leverage to stand beside business giants. Its benefits can really help you spell SUCCESS especially when you heed the wisdom of thought leaders and follow your passion.