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Top 5 Tips To Effective Outsourcing
Submitted by TeleDevelopment Services

March 30, 2016

TOP 5 TIPS TO EFFECTIVE OUTSOURCING
Virgin Group founder Richard Branson, despite his vaunted business acumen and flowing gold locks, couldn’t do it all by himself, so it’s safe to assume you can’t either: YOU CANNOT BUILD A COMPANY ON YOUR OWN.
 
That means most entrepreneurs will eventually turn to outsourcing, which, as we all know, can be a dicey proposition. Startup owners are particularly touchy, and rightly so, about protecting their intellectual property even as they rely on others to build their product
 
That’s why we’re presenting you a simple five-step process for outsourcing that will not only save you money, but might also help preserve your sanity:
 
1. KNOW THYSELF
The first step is to define your product, and, by implication, the business you’re in.
 
2. BREAK IT DOWN
Break down your product into its parts, and figure out which company should make each one. Breaking up production ensures that no single vendor knows everything about your product.
 
3. IN & OUT
Decide what stays in-house, and what you can outsource. PROTIP: if it involves your core competencies, it should stay in-house. Everything else can be outsourced.
 
4. PICK A PARTNER
This means building out your network, and just as importantly, using it. There are certain vendors that are well-known and used by a wide variety of startups, including TeleDevelopment Services, which can handle recruitment, accounting, human resources support, payroll administration, and a whole lot more.
 
5. SOW WHAT YOU REAP
Prepare a scope of work (SOW) document which outlines what you expect from your new partner(s): job specifications, timelines, milestones, deliverables, meeting schedules, and payment terms.
 
Some entrepreneurs want to skip these steps and get straight to work. Not a good idea. If you can’t get through this process, that’s a big warning sign for your company.
 
Once the work’s done, sit down with your staff and your vendors—talk about what worked, what didn’t, and what you can improve upon next time.
 
If you’re interested in outsourcing work to the Philippines, or starting up an operation there, or would just like to know more about everything we do at TeleDevelopment Services, we would be delighted to hear from you.
 

Email us at info@teledevelopment.com or call (632) 631.8230 (PH number) or (1.888) 788.4441 (US number) 

 
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