Here we look at how outsourcing can enable your dream business to become a reality #LegacyFunction
Embracing outsourcing instead of hiring more people in order to grow your business, can accelerate the success of your dream business, especially for those entrepreneurs who are not working with huge budgets to begin with.
Much like any other business strategy, if you do not implement outsourcing in your business carefully and properly, it will not work.
The trick is to treat your outsourced providers much like you would treat staff that you hire yourself. In this way they become as much a part of your team as your hired staff are, working off the same systems, receiving your company training and even becoming a part of your culture to a large extent. The only difference is that these are human resources that are not on your payroll.
Here is how and why outsourcing can enable your own dream business and your truth:-
Outsourcing enables you to build freedom
Working less and having more freedom while still generating really good income is something that you build into your business over time. Working hard in the early stages to get strong outsourced providers in place who deal with key aspects of your operation can mean you doing less in future while still earning good money. Having other people and companies run your operation for you can also enable you to travel while you instruct them from anywhere in the world.
Outsourcing enables you to build more infrastructure, more quickly , at lower costs
The cost of an outsourced provider often includes them using their own infrastructure to offer you their service. This means that by outsourcing, you could automatically be accessing far more operational resources than what you would be able to build into your own business with your existing budget.
Outsourcing enables access to higher skills sets at reduced costs
Putting a highly skilled person on retainer and having them invoice their services to you every month as required is often a lot cheaper than hiring highly skilled individuals on a permanent basis. There are many highly skilled individuals who prefer to offer their services as entrepreneurs than to have to work for a boss. This also enables the flow of money across fellow entrepreneurs and mutual support of entrepreneurial services.
Outsourcing enables you to grow your support functions with less hassle
Support functions like administration and other repetitive tasks can be outsourced and managed by an outsourced staffing company on your behalf. Once you get the systems and processes right with one outsourced staff member from an outsourced staffing company, they simply have to keep hiring and managing more staff for you who can do the same tasks as your business grows.
Outsourcing gives your business and your dream greater flexibility
As your business and dream shifts, changes and grows, you have a more flexibility with outsourced staff companies who can supply you with different staff and staff functions as and when you need it. You can also add or eliminate other outsourced providers who are invoicing you for their specialized skills sets on retainer.
Written by: LAUREN FLEISER
Lauren Fleiser had her first successful business at the age of 12. She has accumulated almost 25 years of hands on experience in owning and running operations in various industries, ranging from 1-man up to 100-man businesses.
She is the owner of Trutrepreneur® (say: troo-truh-pruh-nur), which teaches entrepreneurs how to minimize the dilutions and distortions that the harsh realities of business have on one’s passions. Lauren is the author of the highly acclaimed, internationally selling book “Being True to Yourself Through Your Business.” Lauren is an Internationally Qualified Trainer and has an MBA. She has fast become known as one of the leading experts in the field of aligning passions to businesses that become successful.
Lauren has been featured on TV and radio shows and in entrepreneurial magazines. She has also been a featured speaker at many entrepreneurial events.