Four Steps to Build a Business That’s Recession-Proof

When things are going well you grow, grow, grow and with it so do your costs; often times with no benefit to the company net profits. Then, business always has a rough patch and you are left holding a deep roster on your payroll and operational overhead.

With growth comes rapid delivery of services by any means possible – the tyranny of the urgent over the important.

Like weeds, they overtake or choke your key services and slow down growth and scale.

So great businesses look to reform their processes and find cost-saving venues by partnering with firms to offload their non-core services. We outsource those services we don’t see as core to our business.

Here are why they find a strategic partner to assist in the delivery of their services to their clients:

1. Reduce labor cost

It may come as no surprise that reduced labor cost is the number one reason companies outsource according to this survey by Deloitte.

Remote teams are offering flexibility like never before, both in hours and in cost. By positioning in more affordable areas, remote teams are enabling employers to reduce their labor costs. By saving up to 50% on labor, companies are able to have better margins and more confidence in their scaling efforts.

2. Reduce management cost

The second part of that is reducing cost from management. When you are able to use another companies structure to perform one part of your business, you deflect that cost.

Instead of your top performers focusing on hiring, training, and daily management, they can devote themselves to their areas of specialty. They can turn their focus to making your customers happier.

3. Reduce overhead

There’s another benefit of utilizing outsourced remote teams, you don’t have to keep their lights on.

When you outsource, you aren’t responsible for anything beyond detailed processes. This saves you on utilities, desks, chairs, janitorial staff, etc. When you look at a team of 20 or more, that’s a large expense.

4. Reduce scope leads to improved focus

Imagine if your staff was only focused on delivering high-value service to your clients. Think of how much that would improve your customers’ experience.

With outsourcing… one task that was taking your team 20 hours a week is now 20 hours dedicated to higher level productivity. This focus will improve quality from your internal staff, who is now likely to stay with your company longer.

Get Results

Outsourcing produces results; lower costs, greater profit margins, and so on. These benefits aren’t reserved for organizations with a billion dollar revenue. Start outsourcing today and see the difference.

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