Scalability is the ability of a business to respond to increasing demand or workload and its potential to multiply revenue while incurring only a minimal incremental increase in costs. It is anchored on the theory that you pay only for what you use. Hence the considerable savings that can be redirected into parts of a business operation that you need to spend on.
It is one of the strongest arguments for outsourcing, wherein a company hires a third party to perform a specific function or task. Scalability makes outsourcing one of the most effective tools to scale your business for maximum growth.
Here are 5 ways you can benefit:
1. You can leverage the skills that are not available in-house.
You can hire only the kind of professionals whose skills you need—whether just for a given project or for every project for a given client. Your outsourcing company will have these trained or experienced professionals ready to take on your tasks.
2. You are spared the costs of experimentation.
Your outsourced service provider had to go through trial-and-error learning and incur developmental costs to establish their expertise in the solution that you’re availing from them. Through outsourcing, you will be able to skip these developmental costs and enjoy the proven system without any hassle.
3. Outsourcing allows you to easily scale in certain aspects.
Some aspects of any business will be more challenging to scale.
For example, it can be pretty challenging to bulk up your workforce in a short time with professionals who have the exact level of expertise you need, for the price you’re able to pay, maybe including the cost of refresher or additional training.
Or what if seasonal demand suddenly sees you scrambling to house a very high order volume? A third-party warehouse can solve your problem, fast: It’s ready to handle the kind of order volume that you’re ill-prepared to.
In addition to solving your storage space problems, scalability in outsourcing also makes it possible to have specialists on hand to manage this aspect of your business—plus you benefit from the lower capital investment involved and not having to shoulder the cost of a long-term lease and the purchase of ancillary equipment.
4. Scalability contributes to the productivity and growth of your in-house team.
Being able to scale means that you don’t have to pile on additional tasks to your in-house team’s workload—especially if these are tasks that your in-house people are not well equipped to perform. As they struggle to deliver, their productivity in their respective roles can dip. Not only that, you’re using their time that they may have used to hone their skills with refresher training, working with free tutorials, attending seminars and workshops, etc.
5. Hiring an outsourced virtual assistant is part of scaling.
Are you getting distracted by non-core tasks?
When you’re helming the ship, you can’t be managing your e-mails and calendar, performing data entry, or tracking down a vendor, among other things.
Scale your tasks by getting a virtual assistant. Your outsourcing company can provide you a professional who will hit the ground running, requiring only a short time to learn the ropes when it comes to your specific requirements.
Now you can focus on working with your leadership team and partners to finesse your business growth strategy.
Are you ready to optimize your resources and processes? Outsource your non-core tasks and those tasks that you can’t adequately perform in-house, and reap the benefits of scalability.
Contact Purple Cow today and tell us what you need, when you need it.
