Outsourcing is becoming a popular strategy for growing companies. It could be a good option to outsource part of your business as well.
But how do you know when it’s time to outsource? What are the signs and factors that you should think about before doing so?
We’ve put together this article to answer those questions. Keep reading to learn when you should start thinking about outsourcing part of your business.
Outsource your business when you’re growing quickly
Growth is always a blessing. But there are also some aspects of it that can be a curse. For example, if you’re growing extremely rapidly, then you may struggle mightily to scale at the pace you need to continue providing the same level of support to customers and potential clients that you’ve built your reputation on.
In these situations, outsourcing part of your business makes a ton of sense. It gives you the ability to increase your team size by as much as you need to on a near-instant basis. That’ll give you time to build up your in-house capabilities slowly or come up with a long-term outsourcing plan without having to suffer through any dips in quality in the meantime.
When you’re too busy to manage something new
There’s also a personal component to consider when it comes to outsourcing part of your business. Maybe you’re not growing rapidly, but your schedule is already incredibly full. In that situation, you may simply not have the time to oversee a call center or a new sales department in addition to your existing workload.
Outsourcing is a good idea in this situation as well. It’ll eliminate a major time sink from your schedule so that you’re freed up to spend more of your energy in the areas where you can deliver the most value to your company.
When you need to lower costs
It’s also worth looking into outsourcing your business if your company’s expenses are too high for the amount of money that it’s bringing in.
With outsourcing, you don’t have to invest in any of the infrastructures – like equipment and software – that are typically required to start a sales or customer service team. You also don’t have to commit to paying employee salaries.
All in all, you can typically get the same business function up and running via outsourcing at a much lower price than what it would take to develop that function in-house.
The Cattalyst is here to help you outsource your business!
If you’re still not sure whether outsourcing is right for your business, then it’s time to do a little research. The best way to start that process is by speaking with an expert in outsourcing who can help you figure out how much value that tactic could bring back to your company.
That’s where we come in. At The Cattalyst, we have decades of outsourcing experience. No matter what stage of growth your company is in, we’ll help you cut through the noise and figure out whether outsourcing your business is right for you.
So why wait? Get in touch today to learn more about how we can help.