SME’s are experiencing a shortage in both digital skills and fundamental business skills. Eligible candidates are either picked up by attractive graduate schemes or have salary expectations that cannot yet be met. This lack of candidates may feel like it is hampering business growth and affecting the speed at which companies can adopt new technologies. SME’s however should take this as an opportunity to look to outsource.
You don’t have to worry about employee sick days if you outsource to experts, nor do you have to worry about your people making errors or spreading themselves too thin. In this blog, we dive into the reasons you should be outsourcing everything…within reason (and budget!).
A major benefit of outsourcing is gaining access to depths of knowledge that is almost impossible for most SME’s to acquire through training or hiring. By outsourcing areas of your business to experts within that field, you can amplify performance with a range of specialist resources and ideas that can help you grow or secure your business.
For example, when you outsource various aspects of your IT you benefit from expert knowledge. This knowledge extends to legislation. Under GDPR, every business is held accountable for their data ownership including loss of data or data breaches (you can learn more about GDPR implications here). With the help of a specialised security partner, you can profit from their regulatory knowledge so that you aren’t at risk of being on the wrong side of the law.
There is much to be said about the ability of SME’s to scale to the job at hand. When agile, SME’s can respond far quicker to overnight changes in the market than major enterprises. Where major enterprises may be faced with red tape or are plagued with excruciatingly long decision-making processes SME’s have flexibility, and therefore the ability to act efficiently. Competence to quickly adapt to a changing market through outsourcing is a notable advantage and allows you to feel safe in the knowledge that if a project ends unexpectedly, you don’t have to worry about having excessive resources or additional headcount at the end of it.
Freeing up your most important resource
CEO’s can often be accused of trying to do too much or wearing too many hats and this can be to the detriment of your business. The most successful CEOs acknowledge that they are best positioned to empower their employees and do the necessary tasks to do this. Relinquishing control can be a hard thing to face for many business owners but it’s important to remember you are allowing experts to take over the running of facets of your business that you may not fully comprehend. Outsourcing business functions to trusted and reliable partners alleviate everyone to maximise their performance in what they know best.
The biggest benefit of outsourcing is the ability to do all of the above at a fraction of the cost of increasing your permanent operational workforce. Arguably, no other business move for SMEs would provide the same cost-efficiency. No wonder so many SMEs see the real value of considering outsourcing. When you can outsource your IT function to an expert that understands how best to meet your organisation’s needs, you lose not only the cost of mistakes and downtime but also sustain continuity when IT staff is on holiday or on sick leave.
If you are interested in outsourcing your backup requirements to an experienced partner and want to focus on growing your business and meeting your objectives, download our guide today.