Outsourcing is the common process where companies contract outside professionals to perform tasks that could not be handled in-house. Most companies outsource, especially small ones, as they help a business grow while increasing efficiency.
It is advisable for small businesses that have a lot of requirements, to start outsourcing right from the start as this is often a lower cost option without having to commit to long term engagements or additional direct investment in resources such as office space, infrastructure, Technology and HR.
Large companies do not outsource as often as small companies since they have a large working staff that can handle almost everything. Many professionals have left the work force, either willingly or forced, and now work as freelancers. This presents businesses with the opportunity to hire their professional services for a couple of hours or days.
For example, if you are a small business owner and need the professional help of a CFO, instead of hiring one and spending all that money that goes into a basic salary and benefits, you can hire a person with the same level of experience for a cheaper price as a consultant. You will end up saving tones of money.
Therefore, outsourcing is a cost effective process that many companies use nowadays. A small business owner can start with outsourcing a virtual book keeper and assistant before his business starts experiencing growth. Further on, he can hire a web designer, graphic designer, ghostwriter, project manager and an executive assistant.
They can even install outsourcing software to make strategic decisions helpful to operational growth. So how can you build a powerful team behind your business ideas using outsourcing? Tasks can be outsourced at any time. There are those times that you do not want to perform some tasks. Determine the strategic importance of performing tasks before outsourcing. If the task is of great importance to your core business, then you can do it yourself.
Therefore, you need to identify the strategic importance of the task that need to be outsourced and how it will help your business’ competitive advantage.
Consider the unique quality of your company that outsourcing can help with and how it will help build you a powerful team. The team needs to be able to play a major role in how customers select your products or services over your competitor’s.
Outsourcing just might help you bring in great minds that will help your product or service stand out from the rest in the market. However, it may take some time for you to find the kind of team that brings out the results you are looking for.
However, once you assemble such a team, you can work out a plan on how they can perform the same tasks they did earlier from time to time. You will be making them available to you, although not as full time employees.
Building a powerful team, especially one that does not work on a full time basis may be a difficult task. You may find that your favorite contractor is unavailable at a time you need him the most since he or she does not work in your company on a full time basis, you have no say over his availability.
The best thing to do is demand good results from every person you have outsourced. This way, you will have a number of people to call when you need special tasks done, and not just the one guy whose work you liked. Employees tend to flow with the boss’ ideas.
They will perform tasks the way you want it and how you want it. So you should set out to be clear on the kind of results you want. Remember to correct any mistakes you may encounter, when a task is being performed by an outsourced guy.
Identify what each person outsourced has contributed to your operational performance. As the business owner, you can decide how important a task is to your business’ daily operational performance. This will determine if a task has been done badly or the way you wanted it done.
How does hiring outside professional help assist with the growth of the business? One of the advantages of outsourcing is the payment of tasks. As opposed to regular employees who have to be paid every end month, outsourced professionals are paid at the end of a task. Some people opt to pay half the amount before performing a task and the other half after the task is completed.
This is a great advantage to a business owner as he has the control over a hired help’s good job performance. Regular employees get paid whether work was done or not in the duration of the month. They could even have taken some days off and they still would get their salaries.
When outsourcing, if a business owner does not get the results he was looking for, he can opt not to pay the agreed upon amount.
The only time he should pay is when he has gotten the results he was looking for. Therefore, if he notices a job is being done poorly, eventually affecting his operational performance, he can speak up and either stop the whole process or correct the hired professional.
Any freelancer knows the risk that comes with producing poor results and makes it their goal to give their clients exactly what they want. Build a team that you can trust with special tasks.
The romantic notion around the saying ‘you have to kiss a lot of frogs before you find your prince’ works the same way when you are building your powerful team of outsourced professionals.
You will go through a number of experts that you will find okay. But, since you want the best expert that brings out the best results to grow your business significantly, then you will have to hire a couple before fixating on the best.
Once you find the kind of team you seek, you can trust them with handling a task efficiently. You can even ask around your business circle for the best professionals and start building your team from there.
You can also create advertisements seeking the best professionals to outsource. You can utilize this method when you lack good recommendations of good freelancers.