Rather than wear every hat — every single day — businesses need to be strategic about what can be outsourced or subcontracted. Outsourcing is a way to focus on what you do well. But the challenge is knowing which parts of your business should be outsourced. Here are few tips to help you on that.
Hi, I’m Zacharias Beckman, President of Hyrax International, and I want to talk about what parts of your business you should outsource.
Whenever you use an outside Attorney for expert advice, or a CPA firm to audit your books, that’s outsourcing. Outsourcing allows us to focus. It allows us to concentrate on what makes us great. A lot of companies don’t do this. They get distracted by what doesn’t make them great. But, success means focusing on your secret sauce — on the one thing that you do that nobody else knows how to do. Everything else then becomes a candidate for outsourcing. It’s a simple cost benefit analysis. If there is someone else that can do the work cheaper or faster or better, then let them do it and you stay focused on what you do really well.
Take Apple for example, and the iPhone. Their secret sauce was the industrial design behind a new phone and the software that makes it work great… not so much the manufacturing of the devices. They outsourced that to Foxconn and they delivered a fantastic product, much faster than they could have done on their own. They focused on their core competency and because of that they were incredibly successful.
Outsourcing allows us to focus on what makes us great, and not get distracted by the things that don’t.