Thinking about outsourcing positions in your business? From marketing to administrative tasks and even sales, it offers a ton of benefits — which is why demand for outsourcing is growing so rapidly. You want to be educated about all the benefits & risks associated with outsourcing before you get started, however, so let’s review the pros and cons to help you make the best decision for your business!
Pros of Outsourcing
Better returns on investment. While many believe that reducing costs is the ultimate goal, outsourcing offers more than just that. You get a better return on your investment. The lowered costs and higher efficiency allows you to serve your clients better, therefore allowing you to see higher returns.
Better Management. When everything is done in-house, there is a huge possibility that some core competencies are not given as much attention as needed. But if you outsource activities that are routine, administrative or require specialized skills, you can focus more on core functions and ensure that your company thrives and succeeds.
Improved Efficiency. When you outsource, you can find someone that specializes in what you need to be done; therefore, you can ensure efficiency to rise. If the tasks you need to be completed are itemized and you have built processes and have systems, you can find someone who can focus on the different areas you need them to. For example, a MyOutDesk Real Estate ISA Virtual Assistant can focus on appointment setting and lead follow-up, ensuring that you have that area of your business consistently moving forward.
Cons of Outsourcing
Impact on Company Culture. If you don’t take the time to integrate outsourcing and make sure that your in-house team is on board, you could potentially harm your company culture. However, steps can be taken to make sure that everyone understands what outsourcing is doing for the business. Integrating is essential. For example, many of our clients include their Virtual Assistants in daily huddles and weekly meetings to ensure that they are in sync with the rest of the team.
Lack of control. The fact that you are not physically present in an office with someone working for you can be daunting for many people. This is one major misgiving we initially hear from our clients. Hiring the right company with things in place to give you peace of mind in this matter is a solution for that. There are several types of software/programs that can be used to monitor work as well as protocols that can solve this issue.
Communication Issues. Communication is extremely important especially when you outsource. Failure in this area can lead to a lot of frustration and even worse, lost business. Finding the right resources to improve communication is important, as well as delivery. Using proper resources that will work for both parties as well as clarity is essential to avoid problems.
There are many pros and cons of outsourcing, all of which you should carefully consider before deciding for or against this strategy. With the ability to affect company culture, this isn’t something to take lightly. It all begins with a clear picture of what you want and need and thorough research to ultimately find the kind of people you need to benefit your business.
Let us help give you more clarity. All you have to do is schedule your Double My Business Strategy Session.