Did you know that the global outsourcing market has a net worth of $85.6 billion? or that 59% of businesses utilize outsourcing as a means of cost control? No matter how you cut it, outsourcing can be a great option.
But at the same time, some business owners may feel hesitant about the process. It may feel like it’s impossible to work with a team when you can’t see them, or there may be concerns about outsourcing partners going rogue.
Whatever the case, rest assured that outsourcing business tasks can be a great option. Make sure to keep reading to find out why.
Know When to Outsource
In most cases where an issue arises, it’s due to a lack of knowing when to outsource or what to outsource. In all fairness, it’s not always an easy distinction to make.
The best way to determine where to direct your outsourcing funds, look at your daily operations. What departments could benefit from the help of an outsourced services provider?
Let’s use bookkeeping as an example. Most small business owners operate as their own bookkeepers. But think about what you could do with that extra time.
If you were to look here and outsource your financial services, you’d see that you could save yourself dozens of hours per year.
Communicate Your Needs
Outsourced business solutions pride themselves on lending a helping hand. But they can only do that if you’re upfront about your expectations and desired outcomes.
As you start looking for business partners, come up with an elevator pitch describing what your company hopes to get from the arrangement. An outsourcing service can only help you if you know what you need help with. Be direct, upfront, and honest.
Come to the meeting with a list of goals you’d like to accomplish and ask how their firm can help you achieve those outcomes.
Moreover, don’t hesitate to ask for referrals. It’s important to see what an outsourcing partner is capable of before putting any money on the table.
It’s all too easy to let your outsourcing partners handle everything once you reach an agreement. But now the real work begins.
Schedule frequent meetings so you can stay up to date on what the team is up to. Plus, this provides a fantastic opportunity to course-correct if needed.
Don’t be afraid to put your foot down, either. If you see something that you feel isn’t a good fit for your brand or doesn’t align with your goals, let your outsourcing team know. They’re here to help, after all.
Focus on the Business Tasks That Need Your Team the Most
As you can see, it’s possible to outsource certain business tasks without finding yourself in a power struggle. As long as you’re clear about expectations, check in with your partners often, and view outsourcing as a support resource instead of a separate entity, you and your team can greatly benefit from outsourcing.
For more tips on how to grow your business, be sure to check out our business blog for more great content!