Outsourcing 101: A Beginner's Guide to Delegating for Success
Andrew Frazier Jr., MBA, CFA
Masterpreneur™ & Founder | Small Business Pro University | Empowering Business Owners to Sell More, Maximize Profit, and Finance Growth | Business Growth Strategist | Proprietary Masterpreneur™ Playbook Framework
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” - Lee Kuan Yew
Assemble Your "Dream Team" to Accelerate Growth. Outsourcing has become a popular strategy for businesses looking to save time and increase profits. By delegating tasks such as customer service, marketing, and even administrative functions to specialized external providers, companies can focus on their core competencies and streamline operations. This approach not only frees up valuable resources but also often results in cost savings, as outsourcing can reduce overhead expenses and provide access to expert skills without the long-term commitment of hiring full-time staff. Furthermore, by leveraging global talent, businesses can operate more efficiently across different time zones, ensuring continuous productivity. Ultimately, outsourcing can be a powerful tool for maximizing profitability and enhancing overall business agility.
Gene Bohensky , CEO of Archers Contact Solutions an outsourced service in the Philippines that was launched in 2023. The company has successfully hired 40 people over the last 6 months and plans to hire 100+ in 2024. Also, more than 10 years ago he founded Archer Strategies to help companies develop and refine their sales processes to get great results. He works with select B-to-B clients to help target the right audience for their specific product or service and then helps them craft the right message to start meaningful sales conversations. In short, he gets you solid sales leads, with a particular emphasis on developing winning programs for technical and innovative products.
Gene is also the President and Owner of The Alternative Board Northern New Jersey. Over the years, Gene has been involved in all aspects of running a business, from the tough early days of a startup right through to the sale of a successful business; helping companies go from losses to profit and dramatically grow sales and market share along the way.
Sometimes I ask business owners to dream a little bit. What could you be doing to GROW your business if you had additional help and expertise?
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Outsourcing lets you focus on what you do the best. And allows others to do their best for you on that area where you need their expertise.
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1moOutsourcing can definitely be a time saver which leads to increase productivity. I would outsource contacting prospects and/or clients by phone and email.
Entrepreneurs who build their business credit are cooler than those who don’t. Be cool 😎
1moLove the practical advice in this newsletter. The tips are actionable and can really help businesses grow through outsourcing.
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1moOutsourcing allows businesses to focus on core strengths.
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1moExcellent content! Delegating has never seemed easier with all the practical advice shared in this guide.