Advantages of Outsourcing to Scale Your Small Business

I came across this article about the advantages of outsourcing to scale small business. I’d like to share with you some of the highlights:

When running a small business, growth is the dream. Everyone wants their small operation to expand into something larger. And it’s not always about the financial rewards of growth; the personal satisfaction that comes from turning your tiny idea into something bigger is pretty hard to beat. A well-planned and well-executed marketing, as well as strong branding, are key. But there are other things you can do to help you bust out and grow to new heights. Outsourcing helps free up time and resources, and it makes it easier for you to focus on growing your business. Not every task should be outsourced, but there are likely a few areas where you could seek outside help. And doing so can have powerful effects on the growth of your business.

Here are five key benefits of outsourcing to help grow your small business:

1.Focus on Core Business Priorities

Have you ever felt like there just isn’t enough time? A day can whiz by without you ever having the chance to really sink your teeth into some of the bigger challenges facing company growth.

There are two ways you could address this: 

1) bring in more help

2) outsource. 

Expanding your staff is enticing, but it’s not always the best option. Not only is this more expensive, but it’s often not as effective; adding to your staff means expanding your management duties, which doesn’t necessarily help you save time. When you outsource, these tasks simply get done without you having to worry about them. You’ll get condensed daily or weekly updates that keep you apprised of the situation, but besides this, you can push this stuff to the back of your mind and focus your time and energy on figuring out how you’ll grow your business.

2. Keep Culture Intact

Culture is a major advantage for a lot of small businesses. And smaller groups make it easier to manage, as you add more people, culture will begin to erode. It will require a large, orchestrated effort to preserve it as you grow. So, if you don’t want to get involved with this, then outsourcing can be a good option. By sending work outside, you can keep your core team intact. This helps maintain the competitive advantage your culture has given you, and this will encourage growth and expansion.

3. Save Some Money

Resources are always tight in small businesses. Deciding where to allocate resources is often one of the biggest challenges you will face, and if you don’t allocate enough to the right places, growth stagnates. Outsourcing can’t on its own create growth, but if you can find cheaper solutions for things such as human resources, IT or customer service, then this can free up money that you can use to promote growth. It’s important, however, to do a thorough cost-benefit analysis. Just because you outsource, it doesn’t mean you’ll automatically save money. Find out what you’re true savings will be, and then have a plan for this extra cash so that you can put it to use helping your business grow.

Check out the whole article here and feel free to share your thoughts with me. If you would like to discuss the topic further, you can call me on 0488 548 854 or shoot me an email at [email protected].

Thanks,

Jess