Leading your own business is something that requires a lot of effort, and sometimes even if you think that your team can handle every task, you’ll still find yourself in a situation where you’ll have to outsource.
Outsourcing is a thing that exists for a very long time, and it is used by many businesses in the corporate world. It’s useful because it allows you to complete certain tasks, even if you can’t do them with the time and resources you have at the moment.
In this article, we are going to talk about all of the benefits of outsourcing, so if you are currently leading a business that needs some help from the outside, or you are just curious to learn some more for the near future, make sure to read until the end. Let’s take a look.
You probably are wondering how outsourcing can help you save some money when the entire point of it is to pay someone else to complete a task for you. Or, at least a certain part of the task.
Well, believe it or not, outsourcing is sometimes a lot cheaper than doing things in-house, and here’s why.
Imagine that you are from the US, where usually people charge a lot more, but also you earn a lot more, compared to some countries in Europe or other parts of the world. We’re not saying that this is always the case, and of course, there are many exceptions, but in general, it’s just the way things are nowadays.
Why pay someone thirty dollars per hour for a certain programming task, when there’s an option to pay half the price for someone who’s going to complete the task for the same time and it will be of the same wanted quality. According to statistics, outsourced labor can cost about sixty to sixty-five percent less in certain situations, so keep this in mind.
If your company is focusing on many different areas at the same time, and you need a certain project completed with a very tight deadline given, outsourcing can help you save a lot of time in some situations.
Let’s say that you need to complete a certain software product in less than a week. In the IT industry, people have a working schedule, and chances are that staying overtime will cost you a lot of money, double than what you’re paying, or even more in some cases.
So, why pay someone for overtime, when you can outsource half of the work that you’re required to finish and pay the regular price for it? Besides, when you have people from another part of the world, working in a completely different time zone, it means that while you’re sleeping, a great amount of work is being done. This will give you a huge edge over your competitors in the corporate world, which can sometimes mean everything in the race for fame and success. If you are looking to outsource software development, and quality is the most important thing for you, make sure to visit devsdata.com
3. Completing otherwise impossible tasks
We’re not doubting the skills in your workers, nor the quality of your IT Company, but sometimes you are required to complete a certain project that’s completely out of your league. Creating a website might be easy, but coding an entire machine-learning algorithm is sure not an easy task, especially if you have a lot of inexperienced programmers.
Task Difficulty is not the only thing that matters when it comes to this. There are a lot more factors that can limit your chances of success, such as resources, budget, time and skill.
Outsourcing allows you to bypass all of these, and pay a small price to receive a much larger reward. You’ll get a finished product with the source code, and then you can use this to teach the rest of your employees how to work in the future. You always need to learn from someone better than you are, because that’s how you get on top of your game.
4. It’s easy and very flexible
As a business owner, you probably already know the pain of recruiting, shortlisting, questioning, hiring and working with new people, and it’s a process that requires a lot of time, effort and patience. Sometimes, skipping all of this for just one project is a pretty smart thing to do, and this is where outsourcing can help you a lot.
When you are outsourcing software development, you are asking for help from a company that already has these things covered. They are sure in the skills of their employees, they have years of experience under their belts, and you won’t have to deal with any issues when it comes to the final product. If they make a mistake, they’ll fix it, and all you have to do is a revision for each new submission.
Hiring and forming an entire crew just for one task is very impractical, and it will probably cost you a lot more than it would if you just hired another company for the job.
5. It is not worth risking
Let’s say that you are an uprising IT company, and you are going through all of the tasks and projects pretty easily, but you are still not very advanced and your employees are relatively new in the programming world.
For some basic things, such as coding websites and making simple applications, you don’t have much to lose, even if you do end up making a mistake. However, things are very different when something more serious knocks on your door.
Let’s say that you need a new security system for your own company. If you know that you’re still not very competent to create one that will keep all of your data safe, is it worth risking the future of the entire company for some money that you’ll get back in a few months? No, it’s not, so consider outsourcing every time you run into something more serious such as the example we just gave you. It’s not shameful to be new and inexperienced, it’s shameful to lose all of your data in a basic hacker-attack because you wanted to save some money.