How To Get Outsourcing Right

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Outsourcing is a great way for businesses to access the talent need, reduce outgoings and enhance performance. For small businesses, in particular, outsourcing makes ‘hiring’ the right people affordable, which can dramatically improve your commercial performance.

Instead of hiring full or part-time employees, outsourcing enables you to draft in help from professional freelancers or third-party companies. However, it’s important to use outsourcing appropriately, if you want to maximize the benefits it brings. With this in mind, take a look at these top tips for getting outsourcing right:

Identify every function that could be outsourced

Many people are familiar with IT or marketing outsourcing but there are endless business processes that can be outsourced. From accounting and bookkeeping to business development and promotions, you can outsource a wide variety of processes, functions, and even whole departments. By assessing each area in detail, you can determine which of your business functions you can successfully outsource.

Nurture long-term relationships

Using the same professional freelance or third-party company over a long period of time allows you to build very strong professional relationships. With XMI Growth, for example, you can access outsourced HR support and outsourced accounting for as long as you need to. When you work with the same company or subcontractor over a period of time, they become familiar with your company and your unique processes. This enhances their value and makes them a critical part of your team.

Find the right people

When you’re using freelancers or outsourcing to companies, it’s important to find the right people. You may be looking for a team with specific specialist skills, such as financial management, or you may need people based in a particular location. What your search criteria are, be prepared to take the time to find the right people. The success of your enterprise is based largely on the people you’re working with, so putting the effort into your search can pay dividends in the long run.

Start outsourcing early

Many people assume you should only start outsourcing when your company grows significantly, but this isn’t the case at all. In fact, outsourcing can help you to get a startup off the ground or even enable you to put together an impressive business plan. For many businesses, outsourcing early enables them to operate with greater success at an early stage. Once you’re making a regular profit, you can also use your subcontractors to facilitate business growth and take your enterprise to the next level.

Embrace the Gig Economy

The gig economy has grown in recent years and it shows no signs of slowing down. The internet makes it easy for businesses to connect with professional freelancers and B2B service companies, which means you can build your subcontracting team with minimal hassle.

Businesses across all industries can benefit from embracing the gig economy. Whether you need field technicians to visit sites across the U.S. or a freelance marketer to work remotely, you can access the skills, knowledge, and expertise when you begin outsourcing. 

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