Outsourcing is a Boon for Start-ups and Small Businesses
Start-ups
are known for creative problem-solving, an inclusive work environment, ditching
the traditional hierarchy, and fostering an environment of open communication. Entrepreneurs
in start-ups are also known for pulling late nights, imbibing insane amounts of
coffee/tea, innumerable creative ideas, and never-ending hustle, all to taste
success. While most start-ups have bigger and better ideas than the big
corporates, what they lack is the budget that these corporates have. To stay on
par with these whales of the corporate world, start-ups and small businesses have now started outsourcing their operations
to expand their capacity. Several Business Consulting Companies
are helping bootstrapped businesses compete with big corporates. Here is how
outsourcing helps start-ups and small businesses.
Ø Saving Costs
Cost
reduction is something that every start-up aims for. From resource crunching to
working out of a small office space – small businesses and start-ups do
whatever it takes to save money and invest in the same in activities that help
them scale rapidly. Outsourcing is a great option for such businesses as they help
cut down on costs, while also getting quality work done by some of the best professionals.
By hiring experts in different fields
such as IT or Creative Design, businesses can simply outsource the niche work
to those who do it best and at almost 60% lesser costs.
Ø Better Productivity
An
entrepreneur wears several hats and juggles a lot of things, but there is only so much one
person can do. They can share the workload by outsourcing specific tasks that the
business is not fluent in. This leaves the entrepreneur with more time to focus
on things that they do best, and hence, increase the overall productivity of
the business.
Ø Expertise at its Best
When a
specific task or activity is outsourced, it helps save a lot of effort and
costs because there is no hassle of finding the relevant talent and going
through the whole hiring process, which can often be daunting. Outsourcing offers
up a slew of different experts for different jobs, at a lower cost point. For
example, IT outsourcing services can
get the job done by skilled employees and expert IT professionals without
hiring an in-house IT expert.
Ø Lower Risks
Outsourcing
offers the benefit of placing the accountability and responsibility of the job on
a professional, who is also an expert in the field. The job is their core
business activity, and they are known to have a keen eye for detail. These
specialists are diligent in their work, offering safety from any plagiarism and/or
copyright infringements associated with the job.
Ø Competitive Edge
The
overhead cost that a business saves from outsourcing can be used to invest in
the growth, development, and innovation of the business. Better business models
and platforms will provide a business an edge over their competitors.
Ø Freeing up Internal Resources
Productivity
and creativity of overworked resources start
declining – this is a fact. Outsourcing would shift a lot of load from internal
resources and give them more time to focus on their primary responsibilities
and come up with creative ideas.
Zinnov
is a business consulting company
that specializes in IT outsourcing
services and much more. To take your start-up to newer heights.
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