Growing a small business can seem daunting in a world run by mega-corporations and chain retailers. But there’s a crucial piece of information that every company owner must acknowledge if they ever want to scale their business to new heights.
Outsourcing is the way of the future!
In today’s article, we’ll tell you exactly why that is.
What is Outsourcing and Why a Company May Outsource
In the most simple terms, when a business decides to outsource, they are hiring another company or individual to handle a specific aspect of their company. Outsourcing is different than hiring an individual or group to work in a company internally. It’s more of a partnership than employment.
A company may choose to outsource a part of its business for a multitude of reasons. One reason may be expertise.
As technology and business practices evolve, a company may have trouble keeping up with current trends. By outsourcing, you can choose a company or individual with a high level of expertise in the area you want to improve.
Another reason a company may choose to outsource part of their business is volume and demand. When a smaller business begins to grow, it may be harder for them to keep up with things such as a larger volume of orders. They need to ramp up production, increase their warehouse space, and various other tasks that are out of their internal scope or budget.
Whether it’s an extra set of helping hands or a need for expertise, outsourcing can be the answer to many business woes.
Forms of Outsourcing
The fantastic thing about outsourcing is the fact that there are so many types. No matter your company’s needs, there’s an individual or company that can help you! To better improve your understanding of how vast the world of outsourcing is, here are seven things a company may choose to outsource.
- Online Marketing
- Web Design
- Customer Service
- IT Matters
- Logistics and Warehousing
The list goes on, and some of the items on this list have more specific roles. In online marketing, you may only outsource the copywriting and keep other aspects of it internal. In our case, we help companies with their logistics and warehousing; keep scrolling to find out more!
Why Outsourcing is The Perfect Business Solution
Now that you know what outsourcing is, it’s time to learn why it’s the perfect solution!
First and foremost, outsourcing can save businesses a significant amount of money. For example, let’s say you need to expand warehousing; enlisting the help of a third-party warehousing company is the cost-effective option. Investing in a property, internal storage, and other equipment will put a dent in company funds. Warehousing companies will have all of those things and provide you their services, ultimately saving your company money.
Focus on More Exciting Tasks
Typically when someone starts a business, it’s because they have a specific passion. But when you start a business, you can’t just focus on what you enjoy. You have to take into consideration other aspects of running a business, such as accounting and marketing. Outsourcing the tasks you consider tedious will allow plenty of time to focus on the exciting parts of your business.
Fastest Way to Scale a Business
All the little ways outsourcing helps a business culminates in one overarching way. They allow a company to scale faster! The companies and individuals that you outsource to will help you grow your business quicker by taking on risks, reducing your costs, and expanding your team. You can have all of the perks of industry giants without the cost and risks!
This is a small fraction of what outsourcing could do for a business!
Outsource Your Warehousing and Logistics to Overflo!
Overflo is a family-owned and operated third-party warehousing and logistics company that is here to help your business expand to new horizons!
We offer convenient, cost-effective, and flexible services to small and medium-sized businesses, as well as Fortune 500 companies.
The sky’s the limit with Overflo – contact us today for a free rate quote!