Why Outsource Work?

Why Outsource Work?
Because you don’t have the time to do it yourself.


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ou’ve got a product to develop and you’ve got to get it into the market before your competitor does.
Because you don’t have the money to do it yourself.

Your business is growing exponentially but your resources can’t cope with the growth.
Because you’d rather focus on mission-critical issues.

You’re not interested in frittering away time and energy on non-core functions.
Because you don’t have the skills to do it yourself.

You need the best talent in the world, but it’s scarce out of reach just not available in your country.

In today’s globalized and networked economy, outsourcing has never been so easy or made so much business sense. The question is not “Why outsource?” but rather, “Why not?”

The Convergent Economy

Converging technologies of telecommunication, information technology and media have redefined the way we do business, with electronic commerce and enterprise systems becoming a way of life.
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Correspondingly, there has been a sharp increase in the need for qualified software professionals to manage these functions. Demand exceeds supply, and the dearth of human resources has resulted in increased personnel costs, longer time to market and longer product development cycles.

Chances are, you won’t find these highly skilled people in your own backyard.
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Yet you need them more than ever, now that competition is swooping down faster than business opportunities are taking off. And you realize that without them, your big dreams for a flourishing enterprise could rapidly go up in smoke. But you don’t have to manage all business functions in-house.

Outsourcing provides a neat solution to several of your business problems.

25 Reasons Why Outsourcing Makes Business Sense

When you consider the advantages of outsourcing, you’ll realize there’s a lot to gain by using it as an intrinsic part of your business strategy.

By outsourcing, you can:

  • Reduce overheads, free up resources
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  • Avoid capital expenditure
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  • Improve efficiency
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  • Offload non-core functions
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  • Get access to specialized skills
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  • Save on manpower and training costs
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  • Reduce operating costs
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  • Improve speed and service
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  • Establish long-term, strategic relationships with world-class service providers to gain a competitive edge
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  • Enhance tactical and strategic advantages
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  • Focus on strategic thinking, process re-engineering and managing trading partner relationships
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  • Spread your risks
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  • Provide the best quality services, products and people
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  • Be reliable and innovative
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  • Provide value-added services
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  • Increase customer satisfaction
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  • Avoid the cost of chasing technology
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  • Leverage the provider’s extensive investments in technology, methodologies and people
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  • Benefit from the provider’s expertise in solving problems for a variety of clients with similar requirements.
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  • Focus scarce resources on time-critical projects such as application re-engineering
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  • Obtain needed project management and implementation consulting expertise, along with access to best practices and proven methodologies
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  • Reduce the risk of technological obsolescence and increase efficiency by consolidating and centralizing functions
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  • Keep pace and minimize the impact of rapid changes in applications and standards
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  • Extend the reach to more trading partners quickly and efficiently
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  • Reduce the overall IT management burden while retaining control of strategic decision making.
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    The Outsourcing Institute finds, “Outsourcing is rapidly becoming an accepted management tool for redefining and re energizing the corporation. It challenges today’s executives to rethink the traditional, vertically integrated firm in favor of a more flexible organization structured around core competencies and long-term, outside relationships.”

    Highlights

    Global giants such as IBM, Microsoft, Novell, Oracle, AT&T, Fujitsu, Motorola, Digital, Hewlett-Packard Philips, General Electric, IBM, Reebok, Fujitsu, British Aerospace, General Motors and Sears are keeping ahead of their rivals thanks to the competitive advantage conferred on them by some of the best software companies in India.
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    You too can benefit immensely from a successful outsourcing strategy.

    Several convergent forces like an exponential increase of technology in the workplace, electronic commerce, enterprise systems and a sharp increase in internet related new entities are resulting in an increased demand for software professionals. The need is further compounded by the lack of trained programmers in the developed countries, especially United States , Western Europe and Japan.

    Demand exceeds supply, which has led to increased labor costs, longer product development and even longer time to market. A recent Wall Street Journal article related a greater willingness on the part of CIOs to outsource software work that is not mission critical.

  • Reduce your marketing and software delivery costs
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  • Gain access to global buyer base needing software development
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  • Manage your projects online with buyer participation
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  • Neutral marketplace with global choices
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  • Economies of 24 hour X 7 days a week low-cost software development with access to global consulting firms.
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    For instance, Advanced communication technology has allowed global software teams to become commonplace. Some software companies are organizing global software teams to employ the best talent in the world.


    The Path To Freelance Success: The Secret Is Knowing Where To Look

    The Path To Freelance Success: The Secret Is Knowing Where To Look

    Would you like to break out of a regular job and start freelancing?
    Perhaps you’ve got the skills, but are not quite sure where to start looking for work, or how to deal with the business side of freelance work?


    Freelance marketplace websites specialize in bringing together clients looking to outsource projects and skilled professional contractors looking for freelance jobs.

    If you have web design or development, graphic design, programming, writing or translation skills then you will find opportunities waiting for you, if you know where to look.
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    There are many benefits to freelancing – you have a high degree of independence, choosing when and where to work, and even for whom to work, once you are established.

    You aren’t tied to a fixed schedule and you are directly paid the full rate for your work, not just a portion of it like an employee is. There is plenty of work out there, but you have to learn how to find it and build your contacts. This is where freelancing sites such as Project4Hire.com can help, especially when you are just starting out. These sites offer a wide range of projects to bid on and give you the chance to learn about the freelance marketplace.
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    Once you start as a freelancer, you need to think of more than just keeping your skills sharp.

    You are a business now, and have to build relationships with clients and sell yourself. This can seem daunting at first but is made easier by freelance marketplace websites that bring together outsourced projects with freelance contractors. These sites all include feedback and rating systems for both clients and contractors, meaning that as your experience builds, your record of quality work will be visible to all the other members of the site, giving you more credibility.

    You will also find that as you gain more experience and contacts, people might approach you directly for work. In the end you might even have to turn away work – alternatively you can start sub-contracting it out yourself through the freelancing sites, giving you the best of both worlds.
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    Your success is all down to you – if you are professional and polite, and always deliver good quality work on time, people will come back to you as there is a strong demand for good quality freelancers.

    When setting your rates, don’t be solely concerned with being the cheapest. Instead look at the budget of the project you are bidding on, then look at what you need to earn for it to be worth your time. Work out a rate that meets both the client’s budget and your needs, then use it as a part of a high quality bid. The lowest bids are often rejected in favor of the bids that offer the most professional package.
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    Small businesses looking to outsource some work will often pay a little more to someone who will offer a more professional service. Your aim, as a freelancer, should be to be that someone.

    As with any business undertaking, there are a few potential risks, but with care and planning you should manage to avoid these most of the time. The most obvious risk is completing a freelance job for a client who then will not pay.

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    Project4Hire.com, like most freelance marketplace sites, offers an escrow payment system to protect both clients and contractors from these problems. It works by taking full payment for the project from the client at the outset of the project, and then passing it to the contractor upon successful completion.

    Other challenges you can have to deal with are changing requirements from your client and poor communications, but again freelancing sites help here with feedback systems and message boards, ensuring a record is available of the original details of your bid and the project, so as long as you deliver what you bid, you should get paid.

    Don’t let the challenges and risk put you off – freelancing is a very rewarding way to earn a living and make the most of your marketable skills, and with freelance marketplace sites to help, it isn’t as difficult as it used to be.