Every business is different, and the reasons for contemplating outsourcing as a business strategy will vary. Some may decide that it is not the correct decision for them right now, but those who do choose to look for help outside of their four walls will discover that the rewards are numerous.
BENEFIT #1 – Reduced cost.
A business requires a lot of money to expand and scale, and there’s no doubt that outsourcing may help you save a lot of money. This is especially true when working with an offshore service provider, as businesses can save up to 70% on labour and operating costs by outsourcing to hotspots like the Philippines. Outsourcing can help any fledgeling company aiming to build a name for itself by alleviating financial pressure in areas like customer service, accounting, IT, and human resources.
BENEFIT #2 – Reduced employee turnover.
The cut-and-thrust nature of businesses puts enormous strain on not only entrepreneurs, but also the individuals they hire. As a result, start-ups frequently endure high staff turnover during their early phases, and there are few things that are worse for growth and consistency than having to hire new people for the same position on a regular basis. Outsourcing alleviates this problem by allowing reputable suppliers to find recruits who are eager to engage on such projects.
BENEFIT #3 – Instant infrastructure.
Outsourcing gives start-ups access to not only human talent, but also the equipment, resources, and systems they need to succeed. The cost and resources required to physically form a team, especially in the early stages of an organisation, can be just as devastating as paying their wages. This is exacerbated when the team is required to do a non-core activity like as accounting or human resources, which is why many businesses welcome outsourcing providers to take on these responsibilities.
BENEFIT #4 – Corporate expertise.
Due to the sheer nature of entrepreneurship, some entrepreneurs are blinded by their own belief in a product or service. Such zeal can lead to unwise decisions, which is why many start-ups benefit from outsourcing partners’ expertise and knowledge. Many service providers have a deep understanding of the industries they serve and may give entrepreneurs with a fresh perspective on their business decisions. They can also advise start-up founders on what to expect in terms of the amount of work they’re trying to do in-house with limited resources.
BENEFIT #5 – Avoid burnout.
While the public enjoys stories of ‘overnight success,’ everyone who has founded a business knows that the term is a fantasy. The pace of work in start-ups is always frantic and may often tilt into being unmanageable – regardless of how prepared an entrepreneur is — but everyone presses on nevertheless. Outsourcing helps start-up founders and employees to take the deep breaths they need to avoid burnout while also fighting for the growth and funding they need to take their company to the next level.
The race to deliver a product or service that is unique or offers something distinct or special from what else is on the market is what makes entrepreneurship so much fun. This is a start-unique up’s value proposition, and it needs a lot of attention. On the other hand, there are several processes or jobs that must be completed yet might simply be handled by an outside party.
Take the time to identify and investigate the processes that could be costing your in-house team precious time or resources, and see if they could be outsourced.
At Nova Team Solutions, we are dedicated to providing outstanding outsourcing solutions for high-growth companies in a number of areas, including debt collection, legal services, finance and accounting, healthcare, professional services, and many more.
We have full-time virtual assistants who are highly certified and skilled and could be an excellent fit for your organisation. Nova Team Solutions can help you build your business by delivering customised outsourcing services.
Allow yourself and your team to focus on high-value, high-skill jobs that impact your bottom line directly. Schedule a FREE exploratory call to discover more about how we can match you with your ideal virtual coworker.