Why outsource, isn't that
un-American?
by Mike Gonsalves, StrategicFusion
Hardly!
Outsourcing is as American as Mom and Apple Pie! A lot of people believe
that outsourcing is the problem with America's economy today. For the
most part they equate outsourcing with sending jobs overseas
(off-shoring). The fact is that outsourcing started long ago when
production lines where first formed to manufacture everything from nails
for building to autos for driving.
Yes, outsourcing has gotten
very sophisticated over the last decade or so. Yes, we are competing on
a global scale for jobs, especially in certain sectors. But the fact
remains that small businesses can help themselves grow and thrive by
outsourcing tasks that are:
1. Difficult to master
quickly
2. Better done by someone at a lower overall (more efficient) pay scale
For example, you can do
your taxes yourself, or you can hire an accountant. I don't hire an
accountant to add the numbers up for me on a form (Turbo Tax can do that
just fine). I hire an accountant to make sure the numbers are in the
right boxes, that's outsourcing. It would take me months (or years) to
gain even the slightest competitive advantage on my accountant, so I
rely on him and his firm to do the best job possible.
In another example, when
you are thinking about moving your business, are you going to go to a
commercial realtor an expert on getting the best deals in the market or
are you going to wing it on your own? Wing it and the odds are strong
that your new space will cost you more than if you had used a
professional.
Think about it, we all
outsource every day, whether it's educating our children, going to the
gym, having our car repaired or eating out for lunch or dinner. We rely
on the expertise of others to help us get through the day.
I can't tell you how many
times I've sat with business owners, they might be educated as an
engineer, doctor, lawyer or an architect, who will say to me, “well I
can do that task myself, why do I need you?” My comeback is always the
same, why would you pay $100 for something that can be easily had for
$20? AND I'll give you a better result 99.999% of the time, guaranteed!
Think about the use of your
time, it is your most valuable asset. We all get 24 hours in a day,
that‘s it. Whether you are Warren Buffet or the person in the mirror, we
are all limited by this. Winners in business, and in life, are very good
at managing their 24 hours and they do this by focus and delegation. How
else can you run a successful business, or anything else for that
matter?
I just finished the book
Outliers by Malcolm Gladwell. He makes a very good case that to be a
true expert you need 10,000 hours of experience in your chosen field
(Read the book for the details). Focus on the things you do well, and
Outsource (delegate) the things you don't. You'll move forward faster
with better results! |