With modern technology making it easier to start and run a business venture, startup companies are steadily increasing in number. And when people come across or hear startup success stories, they get psyched.
In reality, though (according to statistics), 9 out of 10 startups fail.
The reasons vary from having no market demand for the venture, poor leadership, no skill or expertise for the needed business, or lack of resources.
Outsourcing for Startups
These reasons, however, can be quickly addressed with outsourcing. The percentage of startups that are successful know full well the advantages and are relying on outsourcing as their fail-proof business strategy.
The list below shows some of the ways outsourcing can make a huge difference in your startup’s success.
Value For Your Money
Startup companies are usually self-funded by its founding members in its development stage, so resources are limited. With outsourcing, your capital will go a long way.
Cost savings is the number one reason companies choose to outsource. With outsourcing, you are saving on recruitment and training costs, as well as paying a full-time employee salary and benefits. And of course, with fewer headcount at work, your overhead expenses are also significantly reduced.
Guarantees you Management and Support by Experts/ Specialists
Outsourcing is the fastest way to get that much needed helping hand. Not forgetting the fact that the very same extra pair of helping hands are experts at what they do.
The best and the brightest talents support outsourcing companies. They only employ highly-skilled and certified experts..
Often as an entrepreneur, to make everything work, you may have to don different professional hats and multi-task. You can be a salesperson one minute and an accountant the next.
With outsourcing, you can stick to what you do best and delegate the functions you are not so good at to the experts.
Allows You to Focus on Core Business
Of course, with experts handling some of your business functions, you now have more time to focus on what is core and essential to your business. You can dedicate all your efforts in planning your business expansion or developing your products and services.
Enables You to Run Your Business Full Scale
In its infancy stage, startup companies usually only have less than ten people behind it. And with limited resources, it’s an enormous challenge to operate on a full scale. This usually means forgoing some business functions such as customer support or marketing.
Outsourcing will change all that. Business functions such as customer support, IT or helpdesk support, marketing and sales, human resources, recruitment can be outsourced. This allows you to operate your startup business on a full scale.
Allow us at Executive Boutique to be a part of our startup success story.
You can rely on our highly-skilled, multi-lingual specialists to deliver exceptional customer service every time at affordable costs.
Contact us today to get your non-obligatory quote!