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Table of Contents
Introduction . 4
Chapter 1 – Advantages of Outsourcing Business Processes . 7
Advantages for Your Company 7
Advantages for the Consumer 9
Provides Employment Opportunities 9
Disadvantages of Outsourcing . 10
How to Know When You Should Outsource . 11
Chapter 2 – Identifying the Need for Outsourcing 12
How to Identify Projects for Outsourcing 13
Everyday Tasks You Should Consider Outsourcing . 13
Things to Consider Before Outsourcing Tasks . 22
Chapter 3 – The Best Places to Find Outsourcers . 24
Finding Qualified Customers 24
Popular Freelancing Sites 24
Top Tier Outsourcing Advantages 27
Chapter 4 – Posting Jobs, Evaluating Candidates, and Hiring Freelancers . 28
Create a Clear Job Description 28
Detailing the Job Requirements . 29
Determine How Much You Will Pay 29
Evaluating the Freelancers 30
Narrowing Down Your Choice 30
Picking the Most Qualified Candidate . 32
Chapter 5 – How to Avoid an Outsourcing Catastrophe 35
Rule #1 35
Rule #2: . 35
Rule #3: . 36
Rule #4: . 36
Rule #5: . 36
Conclusion 38
Smart Outsourcing . 38
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Chapter 1 – Advantages of Outsourcing Business Processes
One of the most important things that you have to consider before talking about the advantages of outsourcing is that it may not be a great option if you are only interested in making massive profits.
You will need to assess whether outsourcing will be a viable option for you or if you need to search out other alternatives for completing the task. The United States and India are among the leading outsourcing countries in the world. Here are some of the advantages your business can gain by outsourcing some of your business processes.
Advantages for Your Company
One of the most significant advantages of outsourcing your business tasks is that it allows you to start out small, unlike hiring employees, which is a substantial investment. Starting out small becomes an essential way for you to hone your delegation skills.
Outsourcing allows you to delegate mundane tasks that begin to slowly eat away at your valuable time. If you hire employees to complete these tasks, it could end up costing you more than it’s worth.
Having freelance, remote workers can help to free up your time so you can focus on the essential aspects of running your business. Outsourcing allows you to run your business from anywhere in the world, as long as you have access to the Internet.
It provides you with the opportunity to travel, visit friends, and spend extended weekends out of town without losing the ability to complete essential business projects. When you outsource, you don’t have to have an office. This is a considerable advantage of outsourcing.
Outsourcing allows you to quickly access skills for anything that you need. You don’t have to spend money or time training new employees and can build a network of freelancers, allowing you to quickly and easily accomplish any task.
Since you can hire individuals who love performing the tasks that you hate, outsourcing can help to reduce your stress. It can also lessen the stress when you lose an employee. Having to go through the hiring process is time-consuming, causing your business to struggle every time you have to replace an employee that has left the company. Freelancers are much easier to replace.
Outsourcing is also a great way to complete temporary or seasonal tasks. You can bring them on for a short amount of time without having to deal with hiring, training, and eventually letting them go when the project is completed.
If you are just starting your business, outsourcing is a great way to get your business up and running. It allows you to pay for specific tasks rather than spending your time and money hiring employees.
Outsourcing your business processes can also save you a ton of money. Not only are you able to pay international rates, as opposed to the rates of your country, but you don’t have to worry about health insurance, vacation or sick pay, or any other types of costs that are usually associated with running a business.
Advantages for the Consumer
Outsourcing not only provides benefits for your company but is advantageous for your customers as well. In most instances, when you outsource your business processes, it leads to a lower production cost of the goods and services you offer.
When you spend less on production, you can pass those savings on to the consumer through lower prices on the finished products.
Provides Employment Opportunities
One of the most substantial advantages of outsourcing is the global employment opportunities it provides. Let’s assume that a single company outsources various business processes to a few hundred workers located around the world, then thousands of companies outsourcing work could result in millions of people gaining employment.
Employment is one of the most critical issues facing today’s world leaders. By outsourcing your business processes to countries with high unemployment rates, you can help to reduce the number of unemployed individuals, resulting in better economic conditions for people around the world.
Disadvantages of Outsourcing
Unfortunately, like with any business task, outsourcing can have its disadvantages. There will be instances when your favorite freelancer is unavailable to help you with an urgent task. Luckily, there are ways you can avoid this issue.
The best option is to have three or more freelancers that you can go to for each area of your business that you are looking to outsource. While finding enough talented freelancers to work with can be time-consuming and stressful, especially when you are working on tight deadlines, with the right planning and networking, you can limit this issue.
You may also have a language barrier to overcome, depending on where you’re looking to outsource. This can cause misunderstandings that could be detrimental to your business success.
To avoid this, you need to make sure that you are providing the freelancers with detailed, written instructions along with screenshots or an instructional video to ensure that everything is 100 percent clear.
Remote workers have to be self-motivated and have a tremendous amount of self-discipline, as well as being extremely organized. Since you won’t be around to motivate them personally, you have to find freelancers that possess these skills. This can sometimes be difficult to find.
Outsourcing requires you to continually grow your skills as a supervisor so you can manage your freelancers. This doesn’t mean that you should be micromanaging them. There is a considerable difference between micromanaging and managing.
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