Tag Archives: Manufacturing

5 Business Practices You Didn’t Know You Could Outsource

Business outsourceEven though traditionalists loathe the idea of anything not being done in-house, it goes beyond saying that in 2017 outsourcing is more than a common business practice. Sometimes, it is both cheaper and more convenient to just get an expert outsider than to try to train, equip and fund your own department. Not to mention the fact that it would take months, perhaps even years, for your team to gain the same level of the expertise. Be as it may, while a lot of companies outsource their customer support, accounting, and web design, there are other fields you could outsource, as well. With this in mind and without further ado, here are a few business practices you probably didn’t know you could outsource.

1. Research and development

A thing that makes this particular outsourcing idea… let’s say controversial, is a fact that a lot of companies tend to be quite jealous of their prototypes. You see, some even decide to sit on their most valuable discoveries for years in hope that some of their competitors will stumble upon it by chance and therefore commit a copyright violation. Still, research and development take a lot of work, meaning that such a team would have to perform demographic and market research, financial analysis and many other complex tasks. This alone is the reason most companies decide that it is much more cost-effective to deal with this overseas.

2. Presentation design

Another thing that some companies decide to outsource is presentation design. No matter how brilliant your idea might be, there is always a risk that your investors won’t understand it the way you intended. Framing your thoughts in a format that is both engaging and enticing takes a lot of skill and experience, which is again why so many companies decide to entrust this function to someone more competent, like professional presentation design services providers. Features like structure, narrative and visual style play a key role in your persuasion attempts and you need someone who thoroughly understands them. Of course, training your own team-members in this field might seem like a smarter long-term choice but sometimes you simply may not have this luxury of time.

3. Manufacturing

If you decide to take a look at any guide on outsourcing, most of them will advise you to keep doing core tasks in-house. No matter how wise this may sound at first, upon a closer examination, you will realize that all major conglomerates outsource their production. Reasons behind this are usually more convenient labor laws abroad, cheaper workforce or more affordable raw materials abroad. Sure, some may still discuss just how ethical this course of action may be but no one can deny its cost-efficiency.

4. Telemarketing

One of the greatest misconceptions regarding telemarketing is that it has no place in the world of modern marketing. The truth is that it no longer gives the same stand-alone results but it still works quite well as the support of your digital marketing. In other words, these days you can effectively use telemarketing in order to boost your website traffic and in this way enhance your digital marketing campaign. Still, there is a thin line between making people interested and annoying them on the phone and crossing it can be quite costly. There are certain skills a good telemarketer needs to possess but at the end of the day, even good might not be good enough. When you need the services of the best, it might be time for you to outsource.

5. Transportation

Finally, while some companies prefer to get their own company vehicles when it comes to the transportation of employees, this seldom comes as worth the cost. The greatest benefits of such methods would be the chance to label your company as green by reducing its carbon footprint but this can be done through outsourcing, as well. As for the cost-effectiveness, like always, it is short-term cheaper to outsource and long-term cheaper to handle it in-house.

Conclusion

The funniest thing about this list is that it is only a tip of the iceberg. In fact, the list of tasks you can (and even should) outsource seems to be much longer than the one of the tasks that absolutely need to be done on-spot. Some honorable mentions are scheduling, voicemail support, employee retention, and healthcare. The world is your oyster, only now you might want to consider getting someone else to shuck it, coat it and fry it for you.

Building a Construction Company – Startup Checklist

ConstructionStarting a company is never an easy task. Apart from needing the courage to take the plunge, you also have to be sure that what you want to offer will be interesting to customers and that you won’t make any mistake that might prove too costly.

Needless to say, the whole process is quite overwhelming, especially if you’re planning to make a breakthrough in the field of construction industry.

Резултат слика за Building a Construction Company

Unlike many other startups, a new construction company can’t start with a makeshift office above your garage and an old laptop, which is just one of the problems every aspiring entrepreneur has to take into account.

In order to ensure that no major issues have been overlooked, many experts have been compiling various checklists for up-and-coming colleagues. The fact that most of the tips are generally accepted among seasoned professionals means that a young entrepreneur should most definitely pay attention to them.

So, let’s take a look at some of the things that are most commonly found on such checklists.

  1. Make sure you have sufficient funds. You can’t start a company, particularly a construction one if you don’t have enough financial resources. Whether you use your own money or borrow it, not being able to pay for everything you need from the very start would definitely jeopardize the whole project.
  2. Get all the papers you need. Apart from registration documents, you are bound to need various licenses to do business. Requirements differ, depending on where you live, but you should definitely have all of them ready on day 1. If in doubt, consult a legal expert about what you actually need and how to obtain it.
  3. Sort out financial and insurance matters. Choose a bank to open an account with and have a look at what various insurance companies Again, it might be useful to consult an expert if you’re not quite sure what the best option for you is.
  4. Create a team. This doesn’t refer only to experts in construction business, to also to your account, lawyer, banker, insurance agent and all other people who contribute to the daily operations of your company.
  5. Create a website. It’s vital that you have a professionally designed website where you can present your offer and later showcase your results. Having a good website is the best possible catalogue of your achievements you can have.
  6. Buying vs hiring. Make sure you know exactly what equipment you need to buy and what you can hire and try to find the most cost-efficient way of working. While you might need to invest in buying your own crane, for instance, you might be better off renting a scissor lift.
  7. Design business stationery. You really need to give your new company a professional look from the very beginning, which is why you need smartly designed letterhead, business cards and other stationery.
  8. Social media presence. A great deal of interaction in today’s world is happening on social media platforms, which is a good enough reason for your startup to be present there as well. Respect the norms and standards of social networks and you might create an extremely powerful marketing tool.
  9. Double-check your business plan, with a particular focus on its financial component. In case you’ve made a single mistake, you might not be able to get a realistic picture of your performance. Again, if you feel insecure for any reason, asks someone with experience to go through the plan with you and revise it.

As you can see, this checklist contains the most commonly mentioned advice related to starting a construction business. Needless to say, there are many more things one should take into account before starting a construction company, and many of them are very specific and depend on the circumstances. Still, if you follow this simple checklist, the chances of missing something really important are minimized.