article thumbnail

6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

A solution I often recommend, as least in early growth, is the use of outsourcing for critical tasks. While this approach appears to cost more on the surface, it often actually costs you less, when you consider the hidden costs of rework, poor customer satisfaction, employee management, and training required. with experience.

Outsource 123
article thumbnail

Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

This is the confirmation that your product or service fills a real need in the marketplace. Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring. Even with the perfect product, your customers won’t even know you exist without marketing. Increasing customer focus and loyalty.

Startup 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Ways To Prevent Disastrous Outsourcing Decisions

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe. Factor in all the cost elements.

article thumbnail

7 Workplace Culture Dynamics That You Need to Support

Startup Professionals Musings

Studies have shown that work productivity is related to a happier work culture , and customer satisfaction and loyalty are also dependent on the culture. The trend toward more remote work, flexible work hours, and outsourcing can eliminate productive work relationships and communication between functions.

article thumbnail

Balance Your Focus Between Passion And Perspiration

Startup Professionals Musings

This is the confirmation that your product or service fills a real need in the marketplace. Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring. Even with the perfect product, your customers won’t even know you exist without marketing. Increasing customer focus and loyalty.

article thumbnail

5 Key Growth Initiatives In This Inflationary Economy

Startup Professionals Musings

I see it as an opportunity to find new ways to attract customers , make long-needed changes to improve productivity, and lower your own costs of doing business. While they are looking, you can benefit with new services or an expanded product line. Outsource functions outside your core competency. Make it a win on all fronts.

article thumbnail

6 Reasons That Managers Still Add Value In Business

Startup Professionals Musings

Good managers improve focus and productivity through effective communication and coordinating disparate activities. Most experts agree that the key to worker productivity, decision making, and satisfaction, is raising their level of engagement from the currently low thirty percent range.

Outsource 133