While outsourcing is unarguably one of the best business solutions in the 21st century and beyond, you need to adopt carefully crafted outsourcing strategy in order to generate the best outcome from it. You should not outsource just for the sake of it, or because your competitors are doing so. Being strategic in using this business tool will help guarantee the outcome you desire.
So, What Strategy Should You Adopt when Outsourcing?
1: Analytic Strategy
This is one of the most important strategies, and probably the first step to take when considering outsourcing solution. It entails carrying out in-depth analysis on your business in order to determine when to outsource and what to outsource. As mentioned earlier, do not join the bandwagon of outsourcers just for the sake of it. Your outsourcing decision should be purpose-driven.
For instance, when it comes to the right time to outsource, it varies from business to business or company to company, depending each business’ need. For one business, the need to outsource may arise when there are new projects (e.g. social media marketing campaign) that do not require hiring another set of full-time employees and incurring huge costs as a result.
For another business, the need to outsource could stem from the inability of the current staff to handle the increasing business task alone, which could necessitate hiring extra hands. This is where playing smart comes in; in essence, the business should highly consider using outsourcing subcontractors to eliminate overhead costs completely.
The bottom line is, you should adopt analytic strategy to determine the right and best time to outsource. When you do this, you can be sure of reaping great benefits from outsourcing.
2: Assessment Strategy
Another great outsourcing strategy to adopt is assessment. This time, it has nothing to do with assessment of your business to determine when or what to outsource. This assessment strategy in question is channeled to the outsourcing providers.
In essence, you should embark on rigorous assessment/interview exercise in order to hire the best provider or vendor for the task. Do not leave this exercise to mere fate, as this can ruin your chances of achieving the desired result with outsourcing solution. The same standard and strict procedure and criteria should be adopted when trying to decide who is the most qualified for the business task you wish to outsource.
3: Progress Monitoring Strategy
You should not sit back and fold your hands after outsourcing a business task. Adequate progress monitoring is very essential if you really want to get the best possible outcome from the exercise.
So, set up a progress monitoring procedure and monitor project progress at each phase. This will help you detect possible mistake, poor quality and other undesirable traits early. Subsequently, you can get things resolved on time.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.