In the past, “outsourcing” has been treated as a dirty word or something to be ashamed of. It’s been synonymous with cutting costs or cheapening your business, but that’s simply not true anymore.
When outsourcing is done correctly, it means your company is growing so much that you need the extra help - which can only add to the overall value of your business.
Outsourcing, also known as offshoring, was primarily used to cut costs at one point in time. For some businesses, it made sense to delegate items to different teams where the people on the team would be paid significantly less than regular employees.
In this regard, outsourcing would cut costs exponentially, putting more money in the business owner’s pocket.
However, there are a lot of reasons why that type of business plan doesn’t work, but now more than ever, it’s true that the function and reasoning of offshoring have changed. It’s no longer about cutting costs - though it can still be incredibly cost-efficient.
To have a successful company and business, you need to be growth-minded. The moment you stay stagnant in your business practices is the moment you settle for less than you and your business deserve.
Outsourcing is not a dirty word, and it’s certainly not a bad word. When appropriately executed, offshoring adds growth and value creation to your company.
When you outsource and delegate specific tasks, you’re taking away some of your other dedicated employee’s responsibilities, leaving their plate open for newer projects and ideas.
The extra time they get can help them come up with new ideas for the business, which is crucial to keeping the company going long-term.
Offshoring processes can free up time in you and your employees’ schedules for additional learning about the business. Staying on top of your company and the field you’re in will allow you to track the trends and make changes as necessary. If you’re bogged down by other work that someone else could do in your place, you won’t be able to grow your company sufficiently.
There are core principles and competencies at the very foundation of your company. When you created your business, you knew what kind of company you wanted to make and how you wanted to get there
If you didn’t know right off the bat, trial and error also probably taught you a thing or two about where you wanted your company to go.
Outsourcing allows you to focus on the core aspects of your business without worrying about tiny details that once bogged down your focus.
You can think of the big picture while the people offshore think about the small picture. Growth-minded businesses consider outsourcing a necessary part of value creation.
When you delegate tasks to offshore individuals, you can focus on what really matters - your customers. How you interact with them and deal with them is a significant reflection of you and your company.
Outsource things you don’t need to worry about so you can devote time to making sure your customers get the best care and service possible.
Outsourcing is great for business owners who want growth and value creation within their company. Once upon a time, outsourcing used to be synonymous with cost-cutting, but not anymore.
Talk to us at DCX to learn more about why outsourcing may be the best thing for your company.