In recent times, the use of outsourcing is expanding to include shoring up skill gaps, sharpening focus, and boosting efficiency. The good news is that there are qualified candidates for all areas of outsourcing – whether it is call center, admin tasks, legal representation, business development, marketing, social media marketing…just any area or task.
The “Gig Economy and the Future of Retirement” 2018 report presented by Betterment showed that nearly 2 in three people working in the U.S. do so on a freelance basis. The number has reached 40 percent in 2020. Besides, the internet has made it possible to hire a freelancer from any part of the world without having to spend a dime on travel logistics.
Consequently, outsourcing has become increasingly affordable. It means that even small businesses can take advantage of outsourcing even with a low budget. However, you must ensure you actually need to outsource before latching on to this business solution. How do you do that?
There are three critical questions you need to ask and answer;
1: Is it Going to Move Your Business to the next Level?
As noted earlier, outsourcing has expanded in terms of the reason for its usage. While cutting costs still remains the number one benefit/reason for outsourcing, “the motivation that drives the reason to outsource is no longer the same”, Deloitte’s 2018 Global Outsourcing Survey pointed out. One of such added or new motives are that companies now use outsourcing as a means to enter into a partnership and incorporate services they were not capable of providing independently.
For entrepreneurs, in particular, outsourcing has evolved to become a tool for speeding up startups in a forward direction. Ordinarily, it is difficult for them to achieve this on their own or with their small number of in-house employees.
2: Is it Going to Boost Efficiency?
Will Your team become more efficient when you adopt outsourcing? Even for core tasks and tasks that are being handled by a skilled in-house team, you can outsource a part to free up more time and ultimately boost productivity. Outsourcing is a great tool for streamlining a process. It can also aid in the faster completion of time-consuming projects. So, if outsourcing can help boost the in-house team’s efficiency and capacity, why delay in adopting it?
3: Can Outsourcing Hasten Your Delivery to the Market?
If outsourcing will help reduce the time it will take to complete and deliver your product to the market, then you should adopt it without further delay. When you allow freelancers to take up most admin tasks so that your in-house team can solely focus on production processes, it will definitely aid faster completion of production tasks, hence the time you deliver your offer to the market.
If your answer to these questions is yes, then you are overdue for outsourcing.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams