A QUICK SUMMARY – FOR THE BUSY ONES
TABLE OF CONTENTS
Many managers and CTOs tend to overlook the fact that they're not multi-skilled robotic beings.
We understand that; it's frequently challenging to entrust tasks, and similarly, it's not easy to contract out responsibilities. However, the growth of the business appears to be on the line.
Let's center our attention on that incredible feeling when you assign a task and someone accomplishes it exceptionally well. Why did that occur? It happened because of your dedication – you provided clear instructions to this individual – and because the person chosen was the right fit for the job.
If you can achieve this level of success with delegation, you can replicate it through outsourcing as well. The benefits for you will be significant – allowing you to direct more of your attention towards what you're most needed for: leadership and generating income.
If you're not completely sold on this concept, let's delve into the four primary reasons why companies opt for outsourcing.
It might sound like a cliché, but the truth remains: saving money is not only wise, but also an essential strategy for many companies aiming to grow, evolve, and maintain their presence and market share in the market. If you tend to be more of a saver than a spender, you're essentially freeing up your capital to be invested in other valuable facets of your business.
Both saving and steering clear of hefty expenditures hold great significance, particularly during the initial stages of development. Fortunately, you have the opportunity to leverage outsourcing to achieve this. Whether you opt for nearshoring or offshoring, these approaches can assist you in curbing outsourcing expenses while upholding the quality of your projects.
Moreover, outsourcing can yield benefits if you're seeking funding for your endeavors. Investors are more inclined to place their trust in your company when they observe that you're channeling funds back into areas that generate income.
Your benefit lies in the opportunity to save money, allowing you to invest in other crucial areas of your business, especially during initial development stages. Outsourcing, whether through nearshoring or offshoring, enables cost reduction while maintaining quality. This financial prudence can also enhance investor confidence as they see your commitment to reinvesting in income-generating aspects.
<span class="colorbox1" fs-test-element="box1"><p>Tip: When you decide to outsource, it's crucial to balance cost with quality. Check our guide to custom software development rates in various regions here.</p></span>
Ed Reeves, co-founder and director of Moneypenny says: “I hate doing accounts. It has, and always will be, my idea of purgatory. So one of the first things I did when I founded Moneypenny was to hire an accountant, someone who loves sifting through spreadsheets and sorting out figures.”
This serves as a fantastic illustration of effective time management! Entrusting tasks that require assistance to others is a smart move.
Thanks to outsourcing, you can halt the squandering of time on activities that only provoke frustration. By tending to your company's well-being, you'll also carve out time for yourself – a paramount achievement for any entrepreneur.
The focus should be on expansion, not immersing yourself in every minor operational aspect vital for the core aspects of your company's functioning. This principle holds true for every manager and CTO across all sectors of the present market. Every individual requires the space, time, and environment to channel their foremost abilities. If such an environment is elusive, contemplating outsourcing becomes a strategic option, facilitating swifter growth.
Your advantage lies in recognizing tasks that bog you down and delegating them. Outsourcing liberates you from time-wasting and frustrating activities, enabling you to prioritize your company's growth. This approach applies universally to managers and CTOs, affording them the space to focus on their strengths. Ultimately, outsourcing becomes a pathway to faster business expansion.
Working with the right, talented and dedicated people – is the way to successful growth. Of course, it’s an ideal situation – we know how hard it is to find such people nowadays. So the question is: how to find those geeks and invite them to work with you?
The answer is – outsource them.
Undoubtedly, there are tasks for which you require part-time or one-off assistance. Whether it's developing an app, designing a website, creating a logo, orchestrating a marketing campaign, or devising a content strategy – whatever the task, it demands expertise.
Outsourcing provides access to these proficient individuals, enabling you to not only tap into their talent but also save both money and time compared to in-house hiring. Leveraging widely-used cloud technology allows you to compete on par with even the largest players in the market!
For example, in Brainhub, we specialise, among other services, in IT team augmentation. It helps to speed up software development process with remote developers and product experts.
<span class="colorbox1" fs-test-element="box1"><p>Tip: Always look for the experts in chose fields. Check out the ranking of top custom software development companies to spot experts.</p></span>
Your advantage lies in partnering with the right, skilled, and committed professionals, which is crucial for successful growth. Although finding such individuals can be challenging, the solution is outsourcing. This approach is ideal for tasks requiring part-time or one-off assistance, such as app development, website design, logo creation, marketing campaigns, or content strategies. Outsourcing grants access to expert talent while saving both time and money compared to in-house hiring. Moreover, utilizing prevalent cloud technology empowers you to compete effectively against major market players.
As you may know, in our fast-paced and changeable market, your business has to be flexible and ready to customize to client’s needs.
Let’s imagine a client who run a marketing agency. It typically gets a few phone calls and email inquiries a week. But after a very successful online campaign and an article in a respected trade magazine, the phone went red and emails keep on coming.
The client needs support to maximize growth and control the level of service. Outsourcing support will allow this client for deriving professional help and expert’s knowledge in a busy period.
In this scenario outsourcing brings advantages such as:
Your advantage lies in being adaptable to changing market dynamics and tailoring your business to meet client needs. For example, by outsourcing support during this busy period, you can ensure professional assistance and expert knowledge, effectively managing growth while maintaining service quality.
Today, the perks of outsourcing can be described as more strategic – focusing on added-value and assigning more & more activities to specialized contractors.
The areas for a successful outsourcing are as follows:
We cooperated with National Geographic to realize their visions. Our responsibility was to build a whole product from very beginning of conception, through implementation, to maintenance.
Thanks to a lean startup processes, we decreased the software delivery time by 80% (when compared to internal National Geographic IT resources). Even a big corporation can act as an Entrepreneur, by becoming an Intrapreneur and benefit from outsourcing.
Building an effective outsourcing strategy involves several steps:
Finding the right outsourcing partner involves a systematic approach:
Evaluate your business operations and identify areas where outsourcing could be beneficial. Determine which tasks or projects could be effectively delegated to an external team of experts or teams. Look into different outsourcing providers, whether they are freelancers, specialized agencies, or offshore companies. Research their reputation, experience, and capabilities to find the best fit for your needs.
Remember that outsourcing is not a one-size-fits-all solution, and the approach you take should align with your business goals and needs.
Outsourcing has become increasingly popular for several reasons:
A company should consider outsourcing when:
Every year, Brainhub helps 750,000+ founders, leaders and software engineers make smart tech decisions. We earn that trust by openly sharing our insights based on practical software engineering experience.
A serial entrepreneur, passionate R&D engineer, with 15 years of experience in the tech industry.
Software development enthusiast with 6 years of professional experience in the tech industry.
Top reads this month
Get smarter in engineering and leadership in less than 60 seconds.
Join 300+ founders and engineering leaders, and get a weekly newsletter that takes our CEO 5-6 hours to prepare.
No previous chapters
No next chapters