Outsourcing business components sounds like a big commitment, and this is usually the reason why businesses are wary about giving it a try. Nevertheless, as a business leader, you have the responsibility of ensuring that your company is able to function at its maximum day-by-day. This means always being on your toes and knowing when a certain change or external help is necessary.
It can be tricky to decide on whether outsourcing certain roles or working around challenges within your current setup is the best option. However, if you find yourself in any of these situations, it is definitely high time for you to seek assistance from outsourcing companies.
Here are 10 signs that your business is ready for outsourcing.
1. Administrative tasks fill up your schedule
This is a typical problem among small startups whose owners do everything from organising files to customer service. While there are people who can efficiently juggle administrative jobs and business matters, it is still counterproductive to spend a huge chunk of your time on non-priority tasks.
Focus on your goals as a business and move forward; don’t let your days be consumed by minor aspects of your business, which could easily be delegated.
2. You find it hard to keep up with customers’ demands
Dealing with an increased demand for your products or services is a good sign for your business. This means that more people are trusting your brand; customers know that they can count on you when it comes to their needs. However, when you start failing to meet these demands, it’s time to take a closer look at the efficiency of your current process. If you need more hands to help you with production or other aspects of your business, outsourcing would certainly give you the capability to cater to your customers’ demands.
3. You are failing to meet your deadlines
Remember the goals that you have set for your business and the time-frame in which you should be accomplishing them. If you are not able to follow the timeline that you have created, you should find the cause of delay and put more focus on carrying out improvements. Allocating more of your time on the aspect of your business that needs more attention is understandable, and you can do this without sacrificing or neglecting other tasks. Outsource minor jobs that you typically do; it’ll free you up to work on more pressing matters.
4. You usually work on temporary or one-off projects
Although high demand of your services obviously means that you need extra hands on deck, it’s not very practical to hire full-time employees who will cover for the additional work that will only be there for a specific time period. When working on one-off or short-term projects, it’s best to find a reliable outsourcing company to help you execute projects on time.
5. You have been turning down opportunities
While keeping a one-man team gives you more creative control and a very small team means lower payroll expenses, this kind of setup will eventually drive you to decline business opportunities. These opportunities, no matter how small, are essential in growing your business and reaching your goals. By not accepting projects because your team is undermanned, you are losing profit and preventing your business from thriving. Don’t lose valuable clients when you can outsource to deliver quality results.
6. Your sales are plateauing
This could be due to a variety of reasons, and having relevant data can help you find the culprit. Investigate on this and if the root cause turns out to be insufficient manpower or inefficient time management, you can solve these by contracting external companies to help you with your production or with minor tasks. There are outsourcing companies that specialise in specific fields or industries, so you can be assured that their output is of high quality.
7. You don’t have the time to oversee recruitment
Finding professionals who have the right skills and the right attitude for the job could be challenging and time-consuming. If you will personally handle the entire process of recruitment, be prepared to spend weeks or even months on selection, interviews, and on-boarding. It will definitely take up most of your time and attention; that’s why it’s more efficient and practical to hire an external agency to perform the tasks you need to be done.
If you still prefer someone who will do the job in-house, you can reach out to recruitment firms to do the search for you. With their expertise in headhunting, you can rest assured that you’ll have quality candidates for your vacant position.
8. There are aspects of your business that require specialised skills
These typically include financial services, web development, graphic design, and marketing. Unless your company actually specializes in these services, it’s best to leave these tasks to experts. Your website and logo are reflections of your business, so they should be done by professionals who have the skills and equipment to create high-quality work.
9. You are struggling with work-life balance
Managing your own business, especially a startup, can be time-demanding. Of course, having less time for leisure is to be expected. However, you also need to examine the reason why you always find yourself stuck in the office doing work until late in the evening. Doing everything all by yourself will eventually burn you out. This can have serious effects on your business in the long run so delegate and outsource whatever you can.
10. You can’t think of new ideas for your business
Sometimes being an insider makes it difficult for you to see the bigger picture, and it fails to inspire you to think outside the box. By outsourcing certain aspects of your business, you are able to work with people who can give you ideas from an outsider perspective. Their fresh take on your business is valuable, and insights like this can propel your company to greater heights.
Outsourcing can positively contribute to the health and growth of your company. When you weigh the pros and cons, you definitely have more chances of saving on costs and improving your business when you outsource jobs. Do a checkup once in a while and if you see any of the signs mentioned above, consult with outsourcing companies and carefully study your options.
So how do you get started?
The best way to start down the path of outsourcing is to perform an analysis of the areas of your business that you can easily outsource with the highest performance impact immediately.
Then begin the process of searching for a service provider that is a good fit for your needs, budget and deliverables. The last step is to simply get started and see the improvements company-wide.