How Outsourcing Can Help Small Businesses Keep Up

How Outsourcing Can Help Small Businesses Keep Up

Did you know that nearly 60% of companies are outsourcing tasks to cut costs? Many small companies are falling behind.

They don’t have the ability to afford in-house specialists to keep up. This is due to fast pace technology making business more competitive. Outsourcing is the main key you might be missing for your company to thrive.

Today, IT and other professionals are very expensive to hire. Leaving small businesses in the dust if they can’t afford them.

The benefits of outsourcing are countless. You can outsource mundane tasks so your in-house team can focus on essential assignments that require time and effort. Outsourcing offers both big and small companies significant money-saving opportunities and the ability to stay ahead of the game.

Three Types of Outsourcing

There are three main types of outsourcing. There are many types of jobs and ways to outsource. The key is to find what is best for your company and your needs.

Outsourcing Professionals

This is the most common type of outsourcing. Many small companies cannot afford to outsource expensive specialists. This includes specialists in accounting, administrative, and legal work.

In most cases, you don’t need an in-house full-time professional to do these jobs. You can outsource work to a company or professional when necessary.

Outsourcing IT Experts

Not only are in-house IT experts costly, but they aren’t necessary all the time. The majority of the work they do can be done from anywhere.

Why not hire remotely a professional that has the expertise in the latest technologies.

From app development, system administration, and software design to maintaining your website. You can find less expensive IT experts around the globe that are a fraction of the price of hiring locally.

Outsourcing Copywriters and Marketers

When it comes to marketing, many small businesses turn to their in-house employees. Creating text and design for pamphlets, websites, social media, and blogs.

There is a lot more that goes into creating a quality marketing campaign than just writing text.

Today, with proper content, a company can go far. Outsourcing professionals in the field can help boost their image and put them in the limelight

Outsourcing Benefits and Risks

Did you know that 47% of companies choose to outsource work to reduce capacity issues? Paying for office space costs a lot more than hiring a freelance professional.

Benefits of Outsourcing

1. More specialized talent. – As a small company, it’s not always possible to hire professional talent. They tend to be costly to hire in-house. With outsourcing, you have access to professionals around the globe at a lower cost, depending on your specific needs.

2. Save Money. – A company may spend $1,252 per new employee training alone. This doesn’t include additional costs of office space and expenses such as sick pay, pension, and others. Also, you have more access to professionals with more experience and knowledge that cost less on average.

3. More transfer of knowledge. – A strong team made of experienced experts can cover everything across the board to keep your company up to date.

4. Higher performance. – Most outsourced professionals work per-project basis. Focusing only on the task at hand without distractions that an in-house employee may have. As a result, they deliver work faster and of a much higher quality.

5. Reduce expenditures on new technology. – Technology is always changing. The moment a company finally has the funds to invest, new technology is on the rise. By hiring experts already using the latest technology, the company doesn’t have to train in-house employees to implement it.

6. Improve in-house productivity. – Allow your employees to focus on the crucial tasks. Keep your business moving forward by outsourcing mundane tasks such as data entry.

Drawbacks of Outsourcing

As with everything else, there are always drawbacks. If you pay close attention, do your research whom you outsource to, and always read the fine print, you should be fine.

1. Loss of control. – If you assign work to an outsourcing company or freelancer, be aware. Without controlling the results, you may find yourself worse off than before. Outsourcing requires a bit of organization and work on your side to maintain quality and move forward.

2. Hidden costs. – If you choose to outsource work to a company, be diligent about what you are signing up for. There is often a small print that may incur more costs than hiring in-house. Always review the contracts carefully. Make sure you are aware of what you are paying for and which added costs might come up.

3. Security risk. – If what you plan to outsource requires sharing personal customer or employee data, it could pose a risk. Always consider what type of work you plan on outsourcing and hire trusted companies and freelancers.

4. Time difference. – Many outsourcing companies and freelancers may be working in a different time zone. This might make it challenging to sync with your schedules. However, with good time management, there are always ways around it.

5. Language barriers. – Remember that many outsourcing companies and freelancers are not native English speakers. This could pose a problem with the language barrier. However, if you do your research well, you can find fantastic professionals with perfect English.

6. Moral dilemmas. – One of the moral dilemmas may be denying someone from your team an opportunity to grow by outsourcing work. The possibility of stumping the growth of your community by not working with a local talent agency. Another issue is that some consumers frown upon outsourcing.

Bottom Line

In essence, the benefits of outsourcing for small businesses outweigh the drawbacks. This is because you need to keep up with the big guys if you wish to grow as a company. The best way is by having experts on your team that many small businesses can only afford in-house.

A small business requires a dream team to advance and keep up. Outsource as much as possible by finding companies, or freelancers on sites like PeopleByTheHour and UpWork. Even small businesses could build a dream team,save money, and keep up with the latest changes in technology.

Which tasks you feel could be outsourced in your company?

 Question: Would you outsource to give your in-house team more time to focus on important tasks? Share your thoughts in the comments below.

Hristina Nikolovska is the appointed Community Manager at WhatToBecome. Using her extensive background in digital marketing, as well as her social media and public relations experience, Hristina’s passion is helping others stay organized through clear communication and pushing for the realization of projects of every sort.

You Don’t Need to Build Your Business Alone

build a business

Running your own business is hard. Running your business all alone is even harder.  😩

There’s so much advice out there it’s hard to know what to do and what to focus on first. You’re worried about following the wrong advice, or just as bad …. The right advice at the wrong time.

You can commit to working harder …. But, what if you’re working hard on the wrong things? You’ll easily waste months and even years spinning your wheels. 😭

Your friends and family don’t know what it’s like to be an entrepreneur. They don’t understand the challenges you face running your own business or how to solve the problems that keep you up at night.

Right now, you have no one to talk to who can give you meaningful support and actionable advice. 

📍You need to FIND YOUR PEOPLE. 

Take the first step … right here … right now.

✅ WHAT IS ONE DECISION YOU NEED TO MAKE IN YOUR BUSINESS RIGHT NOW?

Don’t be afraid to put yourself out there. By sharing a decision you’ve been delaying to make or a challenge that’s got you stuck … not only could you receive some 💡great ideas 💡 to help you … you’re also helping so many others who are facing the same challenge in their business. 

3 Ways to Ensure Your Remote Workers are Successful

Running or maintaining a business that supports remote workers comes with its own set of benefits and challenges. But creating a collaborative environment that fosters relationships and good workflow, even if it’s digital, can be complex. However, with the growing development of applications and software to support remote workers, it’s easier than ever to keep your workforce happy and productive.

1. Time Management

Keeping track of time is an important aspect of any job, but it serves a few different purposes when workers are remote. While in an office, it’s easy to remind yourself to take breaks by chatting with coworkers or going with your office mates to grab some lunch.  However, while working from a home office, work can begin to take over and even run into personal time. It may seem counterintuitive, but taking breaks can increase productivity, creating a mental environment where the mind is free to focus on the task at hand. It’s also well known in 2019 that overworked employees are more susceptible to work-related stress and eventually job burnout.

So utilizing a time management software like Toggl can serve multiple purposes that all serve the overall productivity of your company. It allows for more accurate time-tracking which means project management timelines can improve with post-mortem data analysis.

2. Communication

One of the most important aspects of maintaining a remote workforce is communication. With workers spread around the country or even the world, you won’t be able to schedule a quick, last-minute meeting to discuss the result of a client call or pop into a conference room to check how things are going.

That is to say, active communication between management and employees is key. Additionally, fostering communication between employees is beneficial as well. Employees that maintain working relationships with their coworkers feel less stressed at work and have a more positive outlook on their work life overall.

Fortunately, in this digital era, keeping employees connected can be done with a simple internet connection.

Useful connection apps:

  • Email
  • Instant messaging
  • Video conferencing
  • Phone lines

Therefore, no matter where your workforce is stationed, the internet can be used to connect apps. Voice over Internet Protocol, more commonly referred to as VoIP, allows employees to send and receive phone calls from their computer. Not only does this reduce the equipment necessary to keep employees connected, it means there are no limitations as to how communication can be executed. Remote employees will have access to all of the same communication tools used in-house allowing for a more active communication process between teams.

3. Collaboration

This comes as no surprise, but a large part of working together is collaboratively working together; collaborating on documents and giving constructive feedback to improve future performance. In the digital age, hard copies of documents are hard to come by, but making edits and providing insights are large parts of a productive work environment.

To clarify, employees should be able to see revision history or the suggestions made by their co-workers or managers on their documents, allowing them to make adjustments accordingly.

Applications like Dropbox allow users to maintain and work together on documents of various types. These platforms store documents in the cloud, making them ideal for businesses with a remote workforce to keep their information safe and secure and readily available for when they are needed.

In conclusion, as the world moves forward, more companies are realizing that the talent they need may not be in the area that they’re located. Allowing employees to work remotely may be in their interest to ensure the best product for their customers or clients. Remote work comes with its own challenges, but it has been reported that employees often feel happier, more productive, and more valued when they’re allowed the freedom and flexibility to work remotely.

To sum up, providing your remote workers with the tools necessary for their success will tangentially improve the quality of work you receive, making it a worthwhile endeavor.