Outsourcing seems to be a dirty word for some businesses. But realistically, outsourcing is one of the most popular and efficient things you can do.
If you run a business, then the chances are that you’ve employed someone. I’m sure you can remember how much fun and how cheap it was. Right? Of course you do: it wasn’t particularly fun at all, and it certainly wasn’t cheap. Some people like to overstate how much it costs to recruit someone. But it’s definitely expensive. You’re actually putting a lot of financial risk into hiring a new employee. Read more about recruitment costs at investopedia.com.
A Smaller Office
Sure, a big office is pretty nice. But how much of that space do you really need? The fact is that the price difference between small, medium, and large offices are not insignificant. Needing to house a few more employees could see you having to double the amount of rent you pay. Sometimes, a smaller office is not only cheaper, but much better for the company culture. When people are closer together, great work can be achieved. As long as people aren’t crammed together like sardines!
The Complexity Of Modern Tasks
Business definitely got a lot more complicated over the last few years. This has got a lot to do with evolving technology. The amount of stuff you have to have for your business in order to keep up is pretty tremendous. What you’re left with is a bunch of complex tasks that can really take up a lot of time. And time is pretty much everything, right? I.T. is one of the most obvious examples. Setting up your I.T. infrastructure, as well as keeping it maintained, is tough work. But does it require a new full-time employee? You could outsource the task. Read more at gradientdata.com.
An outsource company is usually pretty damn good at what it does. After all, they’re specialists in their given field. They’ve been doing it for years. They’ve covered a wide variety of tasks. Their ability to get work requires them to have a stellar reputation. All of this combines to provide you with really high quality work from the right outsource company. You can hire extremely experienced people to do tasks for less than what it would cost to get an employee with that much experience. Read more about the importance of quality at hbr.org.
What Can’t You Outsource?
I.T. support. Web design. Coding. Testing. Design. Art. Cleaning. Cooking. Big data handling. HR. Admin. Accounting. App development. Heck, you can even get outsource executives. I really struggle to think of any task that you can’t get an outsource company to help with. Obviously, you can’t really outsource being the boss of the business. But why would you want to do that?
The Scarcity Of Internal Resources
At the end of the day, most people do this because their resources are stretched. They thought they’d hired enough, say, coders to develop a piece of software. But the deadline is looming, and the employees are simply too hard-pressed as it is. You don’t want to stretch them too thin. Nor do you want to make them work late hours. Outsourcing can help relieve the intense pressure of resource scarcity. Read more about this scarcity at smallbusiness.chron.com.