Especially for small businesses, business tasks and activities can get overwhelming when the business starts to experience growth. Even if you already have few hands helping out on a full-time basis, business growth and expansion come with increased demand on your time. So, when tasks become overwhelming, outsource companies can be a viable solution.
You may be wondering why an outsourcing company is a viable solution for business growth. The reasons are numerous and will include the following;
It’s an Inexpensive Technique
Especially when you go for offshore outsourcing providers, you can hire extra hands for your increased business tasks at a comparatively low cost.
The reason you’re paying less to hire admin personnel, marketers, or customer reps is that you’re not paying them more than the basic fee. In essence, there is no health allowance, no transport allowance, and no housing allowance that characterizes full-staffing. Even the basic fee is much smaller compared to the basic salary of full-time workers.
You are able to hire Experts at Comparatively Lower Cost
What you will pay hiring an IT expert on an outsourcing basis is far less than what you will pay hiring the same expert in-house. The reason is because of the factors raised in the first benefit above.
Besides, the outsourcing market is competitive – there are more experts looking for outsourcing contracts. As a result, the price can be quite competitive, helping companies to hire the best skills in the most cost-effective manner.
You are able to Take Advantage of Strict Deadlines to Achieve More
Also, when you use outsource companies for your growing business tasks, you are able to get faster results. Deadlines with freelancers are usually very strict compared to regular staff.
Besides, the outsourcing provider knows the remuneration is tied to meeting the agreed deadline for the project alongside quality outcome. As a result, you can set a deadline (try and keep it reasonable) that will enable you to quicken production and launch your product or service faster.
Shared Business Risk
Using outsource companies is one of the great ways to share business risk. Often, the outsourcing provider is responsible for what happens in the course of performing the assigned task. However, there has to be a written agreement to this effect – contract terms that will bind both parties.
Indeed, you can cut back stress from excessive tasks by taking advantage of outsourcing companies.
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