Outsourcing got to its peak in the 1990s when businesses and companies were all on rage to deploy outsourcing for most business functions. In fact, this period was termed ‘outsourcing mania’ period. Up till now, outsourcing solution is increasingly used in the business arena.
Here are top 10 lessons from this business solution known as outsourcing;
1: It Should be Done Right
While outsourcing is a viable business solution, it can also backfire if it is not planned and done right. In essence, before you decide to outsource, you should determine whether or not it’s the right time to outsource, what to outsource, and who to outsource to.
2: It Should Achieve the Desired Purpose
While there are other tons of reasons to adopt outsourcing, one of the major reasons is to save cost. Whether it is cost saving or other reasons, if outsourcing is not helping your business achieve the intended purpose, you can get discouraged.
3: It Has the Capacity to Grow and Expand a Business
When you are able to save substantial cost, gain access to large pool of talent, execute production activities and deliver your product earlier than your competitors by taking advantage of outsourcing, it will all culminate to business growth and expansion on the long run.
4: It’s a Proven Tool for Reducing or Even Eliminating Wastage
Independent contractors are more careful in executing assigned tasks. Since they know that the successful completion of the outsourced tasks (which includes avoidance of wastage) is what guarantees their remuneration, they deploy more tact and expertise in accomplishing assigned tasks.
5: It Gives Small Businesses Access to the Privileges that Big Companies Enjoy
Access to large pool of best talents at a superb rate, significant cost saving, economies of scale, quick completion of project and tons of other benefits are what big companies and businesses enjoy; these benefits can be accessible to small businesses through outsourcing solution.
6: Ability to Offer Services Beyond Business Hours
One of the great lessons from using outsourcing is the possibility of offering service beyond normal business hours. This is particularly true about offshore outsourcing where workers embark on shift duties to work round the clock in delivering their services. Call center outsourcing is a typical example.
7: It Simplifies and Makes Staffing Much More Affordable
Except for tasks that need to be handled in-house, your employee can work from any part of the world and save you the cost of setting up an office space, including the huge cost that comes with full-time staffing.
8: It’s a Flexible and Easy Process
Unlike the conventional process of finding and hiring in-house employees, outsourcing process is quite simple and flexible.
9: It Frees up Time
A business owner will have more time to focus on core activities when repetitive tasks are outsourced to freelancers.
10: It is Super Effective
The summary of it all is that outsourcing is very effective when deployed correctly.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.