In today’s startup world, things are very exciting. The possibilities are almost endless, as many technological tools are available at instant speed. Society’s perspective on how to do business has evolved as well. The idea of an entrepreneur working with someone halfway across the world seemed impossible half a century ago. However, this is now the norm.
In the current competitive market, startups benefit from outsourcing processes such as software development, graphic design, content, SEO, accounting, and digital marketing. Startups can easily adjust to changing business and market conditions.
It is becoming increasingly acceptable for startups to outsource, and for some, it is a recommended growth strategy. Outsourcing has many benefits for businesses of all sizes and types, but startups stand to gain a great deal from partnering with a credible BPO company.
By 2025, the global IT sourcing market will be worth $397.6 billion, according to Business Wire.
Most companies include outsourcing in their long-term business objectives, which may surprise you. In the book – The Outsourcing Revolution by Michael F. Corbett, 90% of businesses attribute their success to outsourcing.
Startup owners often juggled multiple functions in their early days. In order to keep everything running smoothly, they juggle work, time, and budget, not realizing that one person or team cannot do it all. The skills gap will affect the performance of the team and ultimately the success of the business.
Budget constraints often prevent startups from hiring full-time employees. Developing a website, for instance, is not a core task, so a full-time employee is not needed. It is wise to outsource in situations like these.
An experienced web development agency can help startups develop their websites. While there are many design templates that could allow you to do it yourself, it can be time consuming and stressful to try to create a professional website on your own. By outsourcing, startups can have their websites up and running in no time at all.
A startup’s existing work processes can be scaled up by outsourcing certain functions. As a result, startups can focus more on growing and scaling their businesses. Let’s take a closer look at some of the greatest benefits of outsourcing for start-ups and individuals.
Access Top Talent
Outsourcing is an attractive strategy for startups to take because it allows you to find the top talent from anywhere in the world. Expert talent is nurtured in outsourcing companies. Outsourcing gives you access to experts in web development, IT, human resources, marketing, accounting, and many other areas. Not only will you receive quality deliverables, but they will also be completed on time.
The outsourced team will be able to understand your project better if you form a long-term alliance with them. It will be the team’s responsibility to know the best methods to work and deliver quality solutions to you.
Improved Focus on Core Responsibilities
Startups usually have a small number of employees with very specific tasks and functions. The number of tasks also grows as the business grows, but employees do not necessarily grow at the same rate.
Existing employees are taking on more and more responsibilities, which contributes to less optimal performance at work. A team that outsources repetitive tasks is freed from having to perform those tasks in-house. In-house teams have more time to focus on crucial profit-generating activities like marketing, customer satisfaction, content creation, and more as the outsourced team handles mundane tasks.
The benefit of outsourcing for startups is that non-core tasks can be delegated to a third-party provider, while your employees keep doing what they do best.
As a result, the team can focus on building brand reputation, providing high-value services, and conducting thorough research without any hassles.
Outsourcing companies have everything they need to get the job done – people, processes, and equipment – which allows startups to move and make decisions faster. Years of experience and expertise brought in by the outsourced team prove to be an asset to the business overall. As a result, startups’ customers benefit from greater efficiency and better service.
It is worth considering outsourcing for startups because of the amazing benefits they offer. Some now-successful startup companies outsourced certain functions of their businesses during their early stages. Among the many benefits startups can gain from outsourcing are access to top talent, greater scalability, focus, and efficiency on a level playing field. In this way, outsourced teams enable you to accomplish more in less time.
Getting started with your work can be done quickly with an outsourced team. It’s just a matter of giving them access to the tasks, passwords, and other documentation. They can begin working on the tasks immediately with the right infrastructure and high-speed internet.
By outsourcing, startups avoid permanently hiring staff that they may not need long-term or continuously. Startups may find it challenging to recover the costs of hiring full-time employees at the early stages of their business. In addition to reducing labor costs, outsourcing allows startups to work with extra, professional hands-on a per need basis.
Leveling the playing field
Startups benefit greatly from outsourcing because they can now access the same experts and technology as larger companies. To compete with established companies, startups may outsource experts for their marketing, IT, design or finance needs on a per-project basis instead of developing their own in-house team.
This closes the gap between a start-up and a big company, and increases their chances of competing and succeeding against the top industry players.
When done right, outsourcing sparks startup success, increases the chance for thriving, and clears the path toward sustainable and guaranteed growth. Let us help you find top talents in IT, technical support, digital marketing, and cloud services so you can leverage all the benefits of outsourcing in the new normal. Request a FREE copy of the e-book on Third Wave Outsourcing .