When you first set up a business, it’ tempting to want to try and do everything yourself. For a while, this may even be possible. However, if you want your start-up to grow and succeed, you do need a helping hand and in many cases a full fledged team.
As a startup, you may not be in a positing to hire a team as it comes with a great deal of overhead costs along. So you may want to consider outsourcing as it has a lot of benefits.
While outsourcing may feel intimidating, it can prove extremely beneficial. However, there are some mistakes you can make when outsourcing parts of the company. So, to help, below you’ll discover some common do’s and don’ts of outsourcing as a young start-up.
The DOs and DON’Ts of Outsourcing as a Young Startup
Do Take Time to Find the Right Talent
Thanks to technology, it’s never been easier to find the right talent for your business. There are a lot of freelancers and contractors out there to choose from. However, not all of them will be equal. Therefore, it’s important to take the time to sift through the talent available to ensure you’re choosing the right team.
Look at how many years’ experience they have and ask for evidence of their previous results where applicable.
Don’t Outsource Temporary Tasks
Although outsourcing temporary tasks can prove useful, particularly with things such as web design, mostly you’ll want to use it as a long-term tool. Your business needs help with the day to day running of the company. This is what will free up the most time for you to spend on other aspects of the brand.
The most common tasks and sectors outsourced by companies include customer services, lead generation, bookkeeping and marketing.
Do Outsource the Important Stuff
It is a good idea to outsource the important stuff such as risk advisory. Companies like RSM, offer professional advisory services which can help to ensure you are complying with the latest regulations.
In some sectors, the rules and regulations can change frequently. Unless you keep up, you could find yourself facing significantly large fines. In severe cases, you could even face costly legal proceedings. So, outsourcing legal advice and risk advisory services can really help to protect your business.
The Bottom Line
Outsourcing can prove to be a really useful tool for start-ups. However, there are a lot of mistakes you can make. The above are some of the do’s and don’ts of outsourcing when you’re just starting out.
Approximately 90% of start-ups fail within their first year. Often, this is down to underestimating how much work is involved with running a business. Outsourcing can therefore help to reduce the hard work involved, freeing up time you can spend building up the business.
