3 Frequently Overlooked Outsourcing Goldmines…

I still sometimes feel that we talk about outsourcing in hushed voices, afraid of looking weak or out of fear of some imagined judgement. But some of the leading companies in the world and small level startups leverage outside help all the time.

Why?

Because they’re smart. Here are a few things that you’ve been hesitant to outsource that you should anyways.

1. Product Development

Whether you’re providing a physical product- i.e. the apple iPhone, or you’re offering software and digital products doesn’t matter. You shouldn’t be manufacturing that product. I even tell my sister-in-law who sells handmade products on Etsy that she needs to outsource that. So put your cross-stitch down. Or better yet, give it to your Grandma to finish for you.

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2 Outsourcing Habits That Only Self Made Millionaires Have…

If you want to have success with outsourcing, change your mind about it.

Let me explain…

Think that handing your work off to someone else is weak?

You’ll never have success outsourcing.

Think that no one can do it as well OR as fast as you can?

You’ll never have success outsourcing.

Think that other people are unreliable, untrustworthy, or less than capable in any way? That’s exactly what you’ll attract.

And…you’ll never have success outsourcing.

The biggest problem with this perspective?

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The Outsourcing Rule Every Startup Should Know

Startups are basically perfectly positioned to outsource. And as a developing company, there typically isn’t a ton of money floating around for outsourcing the basics. You prioritize and decide what you can’t absolutely do on your own, and hire the rest out to experts.

As a general rule, when the amount of money spent on outsourced help reaches about one-half or three-fourths of what the wage for an employee would be, it’s usually time to hire one. It’s not a 1:1 cost ratio, the time you invest in an employee is an investment, vs. a one-time bill from your hired help. But again, necessity wins out in the early stages of a company’s life.

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