Increasing Revenues through Outsourcing
by: Sarah Joson
Thursday, July 11, 2013
Category: Outsourcing News
With the rapid developments in various industries and markets today, some business owners are seen spreading themselves too thin to maintain relevance or outdo the competitors. This often results to poor operational organization and stunted growth of revenues.
In most cases, tasks that bare minimal significance to the company eat up most of the business owners’ valuable time.
Business2Community.com shares five ways business leaders can use outsourcing to minimize the time they waste on non-core processes.
Create a copy of your daily schedule. By doing this, you will be able to identify the tasks that do not directly contribute to your company’s revenues.
Mark each task before delegating or executing it. Some tasks may be minute in detail but should be executed by you. Things like writing off a cheque or approval of purchase. The ones you should delegate our outsource to a service provider are the repetitive tasks such as answering emails, scheduling business trips among others.
Create a proper brief. Once you have chosen the tasks that you think should be delegated and outsourced, create a brief that explains how you want things to be executed and when you want it to be delivered.
Decide if you want to delegate or outsource. If your business has the budget to cover the benefits and infrastructure needed for new full-time employees, then you can delegate your tasks to them. Otherwise, you can try hiring offshore staff. Doing so will cut costs in labor and operations.
Avoid micromanaging. Perform periodical reviews of your staff so you know if tasks are accomplished according to your requirements.